Exploring accounts payable controls
The accounts payable controls are an essential task to be discussed during the analysis and design phases and assessed in the operation phase for enhancements. Microsoft Dynamics AX 2012 R3 addresses the required procedures for accounts payable controls. It is significant to the business in order to control the execution of accounts payable processes, as it directly affects the company's liabilities; this is why it should be controlled and monitored. In the upcoming sections, we will explore the vendor hold activities, invoicing controls, and posting profiles.
Vendor hold activities
In daily business operations in accounts payable, the accounting manager might need to stop transactions on a specific vendor; the on hold function for vendors in Microsoft Dynamics AX 2012 R3 is located at the vendor level. To access this function, navigate to Accounts Payable | Common | Vendors | All vendors | Maintain. In the ribbon, click on On hold.
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