Microsoft Dynamics AX 2012

Indent Commission
i) Vendor liability settlement

Version#. BST-00009.1

Dated: 21-07-2018
Table of Contents

Introduction
This document details general guidelines for Indent order commission settlement with vendor foreign
liability.

Overview
When you perform Indent order commission settlement, you must consider to ensure the selected
Free text invoice is in foreign currency and their exchange rate is reflected on the screen and also
make sure after making selection of free text invoice the available open foreign vendor invoice are the
right one and their invoice exchange rate are reflected correctly on the screen.

Indent Commission Settlement with Vendor Foreign

Liability:

a. Go Accounts Receivable module common select Indent commission settlement:

b. The indent commission settlement list page will show all of the indent commission
settlement which have been settled with vendor foreign liability by using this
functionality.

INDENT COMMISSION SETTLEMENT WITH VENDOR LIABILITY

 c.
d. When you want to settle the fresh payments from Indent commission order you need
to press button Indent Commission Settlement (New) exist on Indent commission
settlement list page as follows:

INDENT COMMISSION SETTLEMENT WITH VENDOR LIABILITY

 e. This will give you on following screen:

f. The above screen is selected with new Indent commission income with vendor liability
settlement number which is by default selected if you get this form from other than list
page then you need to press new button this will generate you new indent commission
income settlement number for your reference.
i) By selecting invoice combo you will get the list of all indent billing
classification related free text invoices which yet not selected for
payment received or settlement by using this functionality.

INDENT COMMISSION SETTLEMENT WITH VENDOR LIABILITY

 ii) By selecting invoice you will get updated with Invoice detail related
tab as follows:

The above updated foreign commission invoice value of the selected

invoice in foreign currency with PKR value and their exchange rate
selected on invoice and realization detail as well.

Control: At this stage you need to make sure that the above
selected invoice should be in foreign currency and their exchange
rate exists at this tab, otherwise you will book commission payments
of invoice booked in PKR value which is not related to our solution.

iv) By giving input on Realized invoice amount as follows which

represents the foreign commission invoice value which we actually
treat as indent commission income in foreign currency, the same
will update in PKR automatically

v) By giving input vendor invoice id which you need to be settle with

commission invoice, the system will automatically reflect the
remaining available vendor invoice amount for settlement and vend
invoice exchange rate.

INDENT COMMISSION SETTLEMENT WITH VENDOR LIABILITY

 vi) System will reflect the net gain and loss automatically by comparing
commission invoice exchange rate and selected vendor invoice
exchange rate.

eg;
If commission exchange rate is greater than the vendor invoice
exchange rate, the system will debit the exchange gain and loss
account with differential of exchange rate.

If commission exchange rate is less than the vendor invoice

exchange rate, the system will credit the exchange gain and loss
account with differential of exchange rate either.

vii) After successfully completion of the above step you need to press
post button this will generate one not posted payment.

After successfully posting process this will message the created not
posted journal number.

viii) You need to copy the above journal number and go inside
Accounts Receivable>Journals>Payments>Payment Journal:

INDENT COMMISSION SETTLEMENT WITH VENDOR LIABILITY

 ix) You need to go inside line of the journal and check all entries
exists their showing correct value with their correct account head:

Control: At this stage after you make sure that the journal
represents correct value with correct account head.

x) You need to validate and post the journal manually.

xi) After posting you need to go customer list page and select the
customer account as follows:

After selecting customer you need to press Settle open transactions

button as follows:

INDENT COMMISSION SETTLEMENT WITH VENDOR LIABILITY

 xii) After the above step the following screen will appear where you
need to settle all of the related transactions by making sure that
Marked Total should be zero.

Once the marked total amount is zero you need to press the Update
button this will settle your transactions.

xiii) After customer settlement you need to settle the vendor settlement.

xiv) After settlement you need to check the ledger from internal account
statement in order to make sure that the whole transactions have
been accounted for correct, similarly you need to check ledger from
vendor account statement.

INDENT COMMISSION SETTLEMENT WITH VENDOR LIABILITY

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INDENT COMMISSION SETTLEMENT WITH VENDOR LIABILITY