Search icon CANCEL
Subscription
0
Cart icon
Your Cart (0 item)
Close icon
You have no products in your basket yet
Arrow left icon
Explore Products
Best Sellers
New Releases
Books
Videos
Audiobooks
Learning Hub
Conferences
Free Learning
Arrow right icon
Arrow up icon
GO TO TOP
Microsoft Dynamics AX 2012 R3 Financial Management

You're reading from   Microsoft Dynamics AX 2012 R3 Financial Management Boost your accounting and financial skills with Microsoft Dynamics AX 2012 R3

Arrow left icon
Product type Paperback
Published in Feb 2015
Publisher Packt
ISBN-13 9781784390983
Length 352 pages
Edition 1st Edition
Languages
Arrow right icon
Author (1):
Arrow left icon
Mohamed Aamer Ala El Din (USD) Mohamed Aamer Ala El Din (USD)
Author Profile Icon Mohamed Aamer Ala El Din (USD)
Mohamed Aamer Ala El Din (USD)
Arrow right icon
View More author details
Toc

Table of Contents (12) Chapters Close

Preface 1. Getting Started with Microsoft Dynamics AX 2012 FREE CHAPTER 2. Understanding the General Ledger 3. Understanding Cash and Bank Management 4. Understanding Accounts Payable 5. Understanding Accounts Receivable 6. Exploring Fixed Assets 7. Functioning of Cash Flow Management 8. Working with Cost Management 9. Exploring Financial Dimensions 10. Exploring Financial Reporting and Analysis Index

Posting types in Microsoft Dynamics AX


In Microsoft Dynamics AX, there are two ways to post transactions to the main account. The first type is through the posting profile, which represents the integration point between the general ledger and subledger, and generates the financial entries automatically according to the posting profile's setup. The second type is the journal entries, which post directly to the ledger accounts.

The posting profile concept

Posting profiles are the point of integration between the subledger (fixed assets, accounts payable, inventory, banks, accounts receivable, project, and production) and the general ledger. The posting profile is a set of main accounts that are used to generate the automatic ledger entry in which a transaction has occurred. It is possible to select different main accounts for each type of subledger transactions. Microsoft Dynamics AX offers flexibility in setting up posting profiles. Posting could be on three different levels:

  • All: Any transaction...

lock icon The rest of the chapter is locked
Register for a free Packt account to unlock a world of extra content!
A free Packt account unlocks extra newsletters, articles, discounted offers, and much more. Start advancing your knowledge today.
Unlock this book and the full library FREE for 7 days
Get unlimited access to 7000+ expert-authored eBooks and videos courses covering every tech area you can think of
Renews at $19.99/month. Cancel anytime