Enterprise Resource Planning applications make financial more easier where make the transaction in the sub-module and voucher entry created and posted automatically. The integration points in MS Dynamics AX 2009 called Posting Profiles where identify which ledger account will be hitting after posting transaction. Below a summarization of all automatic GL entries occurred in Account Payable module (Procurement) showing the financial effect for each transaction
Financial entries effect of Procurment
Packing Slip Dr. Inventory Clearing Account (received)
Cr. AP Clearing Account
Invoice Dr. AP Clearing Account
Cr. Inventory Clearing Account (received)
Dr. Inventory (Purchase receipt)
Cr. AP Account
Payment Dr. AP Account
Cr. Bank
Discount Dr. AP Account
Cr. Purchase Discount Account
Counting (+) Dr. Inventory (Receipt)
Cr. Inventory Adjustment (Profit)
Adjustment
closing (+) Dr.COGS
Cr. Inventory (Issue)
Misc.Charges Dr. Inventory (receipt) purchase amount + Misc.Charges
Cr. AP Account (purchase amount + Misc.Charges)
Misc.Charges Dr. Inventory (receipt) purchase amount
Dr. Inventory (receipt) Mic.Charges amount
Cr. AP Account (purchase amount)
Cr. Expenses Account (Misc.Charges amount)
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