This chapter discusses the various Invoice Journals in the Accounts Payable module. It describes what to use each Invoice Journal for and how to enter transactions into each journal. Purchasing goods for resale or as materials for manufacturing or services is a large responsibility. Tracking those purchases and paying the vendors that supply the goods is just as challenging. | Chapter 10: Accounts Payable Daily Procedures CHAPTER 10: ACCOUNTS PAYABLE DAILY PROCEDURES Objectives The objectives are: • Explain the different invoice journals available. • Register an invoice journal. • Approve an invoice register journal. • Create an invoice excluding posting. • Create an invoice journal. • Use a voucher template to create vouchers. • Create a payment proposal. • Run a payment proposal for a marked settlement. • Create a payment journal. • Generate a payment. • Set up a prepayment. • Post a prepayment. • Describe invoice matching. • Add charges to a purchase order invoice. • Edit open transactions. • Reverse a closed transaction. • Define print management settings. Introduction This chapter discusses the various Invoice Journals in the Accounts Payable module. It describes what to use each Invoice Journal for and how to enter transactions into each journal. Purchasing goods for resale or as materials for manufacturing or services is a large responsibility. Tracking those purchases and paying the vendors that supply the goods is just as challenging. Companies must monitor Accounts Payable closely and implement procedures to enable management to easily obtain the financial information that they must have to stay informed about changes in the costs of goods. To give an accurate view of the financial condition of the business, all the expenses that affect the net profit are included in Accounts Payable. Microsoft Official Training Materials for Microsoft Dynamics® Your use of this content is subject to your current services agreement 10-1 Financials I in Microsoft Dynamics® AX 2012 Invoice Journals in Accounts Payable The procedure for handling invoices varies from company to company, depending on the company's size, structure and organization. The invoices are typically one of the following: • Registered • Approved • Paid Consider the following about Microsoft Dynamics ®AX: • Supports several .
