Understanding the Settlement Mechanism in Microsoft Dynamics AX

March 5 2012

Settlement is an accounting transaction that occurs on accounts payable, accounts receivables, and general ledger. This transaction is used mainly for settling vendor invoices against vendor payments or  advanced payment, and customer invoices against customer collections or advanced collection. Settlement could occur on general ledger transactions as well.

Microsoft Dynamics AX Settlement Mechanisms

About Mohamed Aamer

Mohamed has been working since 2004 as a Business Applications Consultant. His main focus is customizing business applications to fit customer needs. He spends time understanding the customer business cycles, and solves the customer business pains through a combination of business process re-engineering and application customization. When not working on complex business processes, Mohamed blogs on Microsoft Dynamics AX, plays soccer and attends live Sufi shows.

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