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Resource Page for Financials Management in Microsoft Dynamics AX 2012

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Provides relevant resources as it relates to understanding the Financials Management application areas in Microsoft Dynamics AX 2012.

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Critical Hotfixes

There are several known issues in the Financials management applications area of Microsoft Dynamics AX 2012 for which we have released a variety of different hotfixes. It is highly recommended that you are on the most recent updates for Microsoft Dynamics AX 2012.

Listed below are several of the critical hotfixes for AX 2012 Financials management.

NOTE: This article contains early information about hotfixes that were released by Microsoft. Therefore, the referenced KB article may not yet be available. The KB article, if available, provides more detail about the issue, the resolution, and the hotfix availability. You can request individual hotfixes by contacting Microsoft Support (https://support.microsoft.com/contactus).  Please refer to the Still Having Trouble section for instructions on requesting a hot fix.

Hotfixes for Fixed assets

Included in Cumulative Update

2880168  Purchase order lines marked as a new fixed asset are not using the appropriate accounts from the fixed assets posting profile based on the fixed asset group

 

2859071 Transferring an asset that was created via a Vendor Invoice does not create acquisition   transactions during the transfer

 

2864536  Fixed Assets journal does not update value model when asset has the same value model as the default in FA parameters

 

2861049  Amount in reporting currency field does not get updated correctly when transferring a fixed asset record to a different set of dimensions

 

2860254  Asset Depreciation Proposal calculates incorrect amounts and incorrect periods for Straight Line Service Life Depreciation Method

 

2852148  Split fixed assets journal does not copy dimensions from the value models   when you split a fixed asset

 

2840097  Last acquisition only shows on an Acquisition Proposal when the Allow asset acquisition from Purchasing checkbox is not selected

 

2810230  Fixed assets mid quarter applicability report displays incorrect field value

 

2909554  Depreciation is not backed out automatically if doing a sale-disposal in the   same fiscal year as you already did a depreciation in

 

2929900 A stack trace results in TransDate in table LedgerJournalTrans has not been explicitly selected when validating a FA Journal and Error on Invalid Access   set to Yes

 

2737639 No journal entries are created when an asset is moved to a new group that uses different accounts

Cumulative Update 4

2733895  Acquisition price of a fixed asset is not reduced when an acquisition transaction is reversed

Cumulative Update 4

2744207  Incorrect financial dimensions are passed for offset accounts for derived   value models in Fixed assets

Cumulative Update 4

2731472  Fixed asset note report is split in two columns, with one column on each page  

Cumulative Update 4

2801964  Posting an acquisition adjustment does not create depreciation adjustment transactions for derived value models

Cumulative Update 5

 

 

Hotfixes for Bank management

Included in cumulative update

2852147  Field Currency filled in error when attempting to do a Payment Reversal on a Ledger Account and Review Process turned on

 

2843713  Cannot generate NACHA International ACH Transactions (IAT) files for Canadian vendors

Cumulative Update 6

2839148  Bank transaction type does not default from a method of payment that doesn’t have a default payment account

Cumulative Update 6

2779002  The Bank reconciliation report does not display the bank balances of both the debits and credits of a bank voucher

Cumulative Update 5

2712626  The Bank reconciliation report displays bank transactions from other bank accounts

Cumulative Update 4

2654105  The Bank reconciliation summary report displays all bank transactions

Cumulative Update 3

 

 

Hotfixes for General ledger

Included in cumulative update

2891180  General Journal can post to incorrect financial dimensions.

 

2892531  Changes have been made to combination XXXX ---- since the combination was last used. The combination must be re-validated to be used

 

2874249 Sales   Tax Payment report summary section does not include correction lines or line  amounts compared to the summary total

 

2864076  Stack Trace error on Trial Balance Summary report when using financial dimension set with three dimensions and ranges filled in on the report

 

2868171  Penny Difference Accounts not inheriting dimensions on a General Journal

 

2851488  Can't Change a GL Dimension value that is used on a budget register entry -- Dimensions are lost on all Budget Register Entry transactions

Cumulative Update 6

2841712  Journal number does not show on voucher transaction form for the rounding distribution

 

2843566  Dimension focus form allows you to change available and selected dimensions

 

2837459  Balances report in General journal is printing incorrect Balance information  and not correctly restricting by Main Account

 

2819814  Selected ranges are duplicated on reports

Cumulative Update 6

2777805  General journal voucher can be posted successfully after the approval is   rejected

Cumulative Update 5

2785115  Doubled General ledger balance is displayed in Vendor/Ledger reconciliation report

Cumulative Update 5

2761961  Bridging transactions are not removed from the LedgerTransFurtherPosting table after posting

Cumulative Update 4

2905704 Budget consolidations are not using the default consolidation account in setup and always going to the actual account

 

2864076  Printing Summary Trial Balance results in a Stack Trace Error -- Error executing code: Map (object), method createFromXML called with invalid parameters

 

2916589 Main Account Autoreport results in   a Stack Trace error on CU 7

Cumulative Update 7

2920566 SQL error on GLTrial Balance when financial dimension name exceeds 60 characters on CU 7

Cumulative Update 7

2926998 Allocation is distributing even when a value is supplied when in fact they only want it to allocate when a value is blank

 

2933951 Quantity field not populated on a reversing entry in the General Ledger

 

 

 

Hotfixes for Budgeting

Included in cumulative update

2810716  Can't submit imported budget register entries to workflow

Cumulative Update 5

2786259  Cannot reverse a transaction in the invoice journal when budget control is not enabled

Cumulative Update 5

 

 

Hotfixes for Accounts payable

Included in cumulative update

2887427  Payables Checks cannot be generated by vendor account order

 

2903589 Vendor Payment Proposal is not pulling in open vendor invoices with a payment release date that are released prior to the payment date

 

2873971 Detailed Vendor Aging report does not display data when search/find feature is used

 

2870051  Document handling notes on Vendor invoice line form do not carry over to   Vendor transactions form

 

2867753 Incorrect actual sales tax is posted when you have a credit amount on an Invoice Journal

 

2863289 Reversal of AP Invoice Transactions through Transaction Reversal returns an error

 

2860014 In Accounts payable (AP), can't save or post purchase agreements if direct invoicing and invoice validation are turned off; receive error "Field 'Reference' must be filled in"

 

2860336  The 1099 Amounts for Debit Memo's do not update VendSettlementTax1099 on 1099 Update causing overstated 1099 amounts

 

28203470 After   posting payment journal Print payments report does not include settled transactions

 

2868742  Exchange Rate field is not editable on entry into the General Tab of the AP Invoice Form

 

2855382 On the Breakdown of Voucher form, selecting the Sales Tax parameter generates the following error, "Incorrect sales tax combination used"

Cumulative Update 6

2850189  Freight charges are being posted with a transaction type of Transfer when they should be posted with a Transaction Type of Purchase order

Cumulative Update 6

2840571  Cannot cancel a purchase order when a Prepayment invoice has a rounding distribution

Cumulative Update 6

2835431  Accrued purchases account out of balance when Correction option selected in General Ledger parameters

 

2827702  Attachments are no longer visible after posting a Vendor Invoice from Pending to Open

Cumulative Update 6

2820367  Update 1099 is incorrectly updating TRANDATE in the VENDSETTLEMENTTAX1099   table on prepayments

Cumulative Update 5

2827704  Vendor balance list report dates do not match what was entered into the   dialog

Cumulative Update 5

2820942  Printing Vendor Reconciliation report has poor performance

Cumulative Update 5

2812979  Vendor remit-to address not being populated during the payment proposal process

Cumulative Update 6

2820697  Unable to post a prepayment if change management is active and using workflow  

Cumulative Update 6

2802864  Vendor remit-to address is not display in the Vendor payment journal

Cumulative Update 5

2799316  Check reuse functionality is not available for Canada Company

Cumulative Update 5

2800289  Vendor Settlement for 1099 is not displayed with amounts which are settled against Prepayments

Cumulative Update 5

2800067  The 1099 Amounts are understated while applying prepayment to PO Vendor invoice or overstated after running 1099 Tax update

Cumulative Update 5

2796303  Miscellaneous charges on purchase order line does not consider financial  dimensions

Cumulative Update 5

2793686  All Reason codes populate in drop down list when a Vendor is placed on Hold

Cumulative Update 5

2776974  Vendor invoice first line description is copied to all subsequent line   descriptions

Cumulative Update 5

2734664  Default Vendor accounts are not restricted by Vendor Group

Cumulative Update 4

2715927  The 1099 amounts for Debit Memo's do not update VendSettlementTax1099 and 1099 Update with Recalculate does not re-calculate.

Cumulative Update 4

2715635  Cumulative total is not displayed on the Vendor payment journal report

Cumulative Update 4

2705892  Vendor Balance List reports are printing with blank pages

Cumulative Update 3

2704309  The 1099 MISC Vendors are printed in incorrect boxes while printing Vendor Settlement for 1099’s.

Cumulative Update 3

2699103  Electronic signatures do not print on US checks

Cumulative Update 3

2699828  Check payments with a payment note prints incorrectly

Cumulative Update 3

2680823  The voided checks format is incorrect when payments are generated

Cumulative Update 3

2627017  Vendor aging report displays incorrect data after selecting Negative balance check box

Cumulative Update 3

2635032  Unable to select dimensions in the Offset account field when mapping a   default account to a vendor

Cumulative Update 3

2904969  Division by Zero Error when running Update 1099 function in a company that has different accounting and reporting currencies and a currency revaluation transaction

 

2908999 Vendor Create Payment Proposal does not pull Invoices with a release date on the same date as the release date and it should

 

2919749 Printing  a Vendor Aging Report with a Vendor Name greater than 60 characters yields an error Cannot edit a record in Customer or Vendor Account Number

 

2927488 Select query not working for payment advice report during check printing

 

2924280 Partial invoicing of product  receipt displays incorrect values in Accrued purchase report

 

2928685 Tax 1099 transactions are not showing up for vendor accounts that contain a comma

 

2929522 Pending Invoice Quantity Totals revert back to previous balance when a Pro forma Invoice is printed

 

2928039 Incorrect Line Discount Amount when using the Price Unit field on a Purchase Order when there is a discount on the line

 

2932192 Update 1099 process produces stack trace on vendors with exchange adjustment transactions

 

2935255 A vendor exists in multiple companies, but when you click the Update 1099 button for the vendor in one   company the summary record is not displaying

 

2935489 Posting a Purchase Order Invoice that contains a Fixed Asset acquisition is not hitting the correct account for any acquisition after the first acquisition

 

 

 

Hotfixes for Accounts receivable

Included in cumulative update

2901413  Free text invoice correction ignores account structure AX 2012 R2

 

2874925 Billing classifications and collection letter reprint

 

2837433  Statement Address not printed on Customer Statement, always picks the primary address

Cumulative Update 6

2870031  Customer account appears under the past due area page when they have a past due crediting balance

 

2870049 When   printing multiple picking lists, if a customer is over the credit limit, the picking list immediately preceding this customer in the printing order will not print

 

2870768  Unexpected print dialog when using Print management on Free Text Invoice

 

2858751  Due date not printing on External Customer Account Statement when the cutoff date is in the past and payments were applied after the cut off

 

2841661  Free text invoice doubles the sales tax amounts that print in the sales tax section of the report

 

2829603  Customer Account Statement will not print if you do not have an address record for the customer

Cumulative Update 5

2821332  Ledger posting for Sales Orders Report Summary checkbox still prints the report in detail

Cumulative Update 5

2822455  When printing external Customer account statement, the credit limit is printing on the report even though the Show credit limit check box is not selected

Cumulative Update 5

2822454  Customer Reconciliation has poor performance and can cause a connection error  

Cumulative Update 5

2810228  Offset account dimensions are blank when payments are entered in the Customer payments form

Cumulative Update 5

2771900  Detailed due day list report does not display partial payments

Cumulative Update 5

2754298  Free text invoices are posted without workflow approval

Cumulative Update 4

2750093  Financial dimensions for an asset do not appear in the 'Free text invoice' form

Cumulative Update 4

2736822  “The Combination is not valid for the account structure…" is displayed   when posting a cash discount to a payment journal

Cumulative Update 4

2798400  Customer account statement prints only the last customer in the range to the PDF file

Cumulative Update 5

2723038 Customer   posted payment journal report does not display multiple invoices against the  payment voucher

Cumulative Update 4

2710781  The AR credit card process runs when using a pro forma invoice

Cumulative Update 4

2692743  Recurring free text invoices use incorrect sales tax group

Cumulative Update 3

2685126  Can’t select a customer account in the Customer payments form, receive error "'Customer Account' is not found in the table 'Customers'”

Cumulative Update 3

2660624  Customer name field is not printed while printing Customer balance report, in AR

Cumulative Update 3

2873972 Detailed Customer Aging report does not display data when search/find feature is used

 

2916598 Interest settlement transactions showing up as a difference on the Customer/Ledger report

 

2919854 Customer Invoice Specification Report does not include Sales Tax Amount

 

 

 

Hotfixes for Public Sector

Included in cumulative update

2800471 DictField object not initialized and then a Stack trace error is returned   trying to add a sort to the Budget Control Account Detail History report

Cumulative Update 5

2895138  Invoice Remaining Amount Field is doubling after performing a Purchase Order year end process

 

2864967  ALE does not apply different posting definitions specified on the lines

 

2862689  Purchase Agreement Invoice Lines inquiry not available when Direct Invoicing required for Public Sector

 

2832404  Opening transactions process not recognizing period 13 adjustments

 

2816049  During the year-end process, can't generate closing entries in the previous fiscal year or create opening balance transactions in the new fiscal year

Cumulative Update 6

2799462  Cannot submit Advanced Ledger Entry (ALE) to workflow

Cumulative Update 5

2792988  Public sector: Year-end closing does not consider the posting layer when P/L balances are rolled into the Retained Earnings account

Cumulative Update 5

2785560  Can't delete vendors when the public sector license key is removed, receive error "Debug assertion failed. Stack trace:"

Cumulative Update 5

2739001 In   General Ledger (GL), discounts are not included in the 'Ledger Balance' field for open purchase orders on the Vendor Encumbrance reconciliation report

Cumulative Update 4

2717859 In General Ledger (GL), incorrect funding sources are referenced and funding limits are not updated in an Advanced Ledger Entry (ALE)

Cumulative Update 4

No KB article number available at the time of posting Interest settlement transactions posting an extra transaction to General Ledger throwing off GL versus AR balance

 

2890653  General ledger year end (opening transactions) does not delete transactions when processed for a fund or funds and delete transactions is marked

 

2932248  Balance by fund error is shown when validating an Invoice journal using projects

 

2918331 The Main Account is not populating on a Free Text Invoice when you are adding a Project ID in the Lines Details when public sector is enabled

 

 

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Related Resources

  • In Microsoft Dynamics AX 2009, you had the ability to force a specific dimension value as being 'Fixed' for a respective General Ledger account number. In Microsoft Dynamics AX 2012, you also have the ability to accomplish the scenario of having a specific dimension value as being 'Fixed' for a respective General Ledger main account. However, the avenue towards accomplishing this in Microsoft Dynamics AX 2012 is different.

    For information around how to accomplish a 'fixed' financial dimension value in Microsoft Dynamics AX 2012, review the Microsoft Dynamics AX Shared Financial Data Management white paper. Specifically, page 13 in the document includes discussion around the use of 'Fixed' financial dimension values in Microsoft Dynamics AX 2012.

    You can also view additional information on this topic in the AX Support blog.
  • In Microsoft Dynamics AX 2009, you could share your General Ledger account numbers across companies through the setup of a unique virtual company configuration. In Microsoft Dynamics AX 2012, we have a Shared Setup configuration across legal entities that allow you to more easily share data across legal entities. It is important to understand the mapping of a Legal Entity to a Ledger, a Legal Entity's Ledger to a Chart of Accounts, and a Chart of Accounts to Account Structure(s). With having a better understanding of how Legal Entities, Ledgers, Chart of Accounts, Account Structures align to each other, you will have a better feel for the powerful financial dimension capabilities in Microsoft Dynamics AX 2012.

    For additional information around the mappings between Legal Entities, Ledgers, Chart of Accounts, Account Structures in Microsoft Dynamics AX 2012, review the Microsoft Dynamics AX Shared Financial Data Management white paper.
  • How to import exchange rate from external sources in Microsoft Dynamics AX 2012 Consuming Web Services
  • In Microsoft Dynamics AX 2012, summary balances for a main account/financial dimension combination are not necessarily automatically updated during the posting logic. The setup of your financial dimension sets in Microsoft Dynamics AX 2012 control whether a main account/financial dimension combination's summary balance will be updated during the posting logic. If the Trial Balance list page doesn't appear to display the appropriate balances for a main account/financial dimension combination, you will want to check as to whether or not the 'Update balances during the posting process' option is marked for the financial dimension set for which you are viewing data for. If you do not have the 'Update balances during the posting process' option marked, you will need to continuously update balances on the financial dimension set in order for the main account/financial dimension combination's summary balances to be accurate in the Trial Balance list page.
  • Hide Specific Dimension Value in Microsoft Dynamics AX 2012: Assume that you have a legal entity called CEU and a legal entity called CEED and both legal entities share the same Chart of Accounts which is called 'Corporate'. The 'Corporate' Chart of Accounts has two account structures: Account Structure (contains all Balance Sheet accounts); and Account Structure-PL (contains all P/L accounts). Both of these account structures are configured to use the Main account and a custom financial dimension value that I've created called BU, which represents a Business Unit. I then have Business Units setup as financial dimension values: ONE, TWO, THREE, and FOUR. In the CEU legal entity, all four of the BU financial dimension values should be available for use. However, in the CEED legal entity, I only want the BU financial dimension values of ONE, TWO, and THREE to be available for use. This means that for the CEED legal entity, I would like to prevent the use of the FOUR BU financial dimension value from being used. You can easily accomplish in Microsoft Dynamics AX 2012 through use of the 'Suspended' checkbox in the Financial dimension values form. The steps towards accomplishing this in Microsoft Dynamics AX 2012 using the scenario that I've outlined above include:
    • Go to General Ledger | Setup | Financial Dimensions | Financial Dimensions to open the Financial Dimensions form.
    • In the Financial Dimensions form, click on the BU financial dimension, and then click the Financial Dimension Values button to open the Financial dimension values form.
    • In the Financial dimension values form, click on the FOUR financial dimension value.
    • In the 'Select the level of dimension value to display' field, select Companies.
    • In the Companies(+) field, select the CEED legal entity.
    • In the Companies drop-down field, select the CEED legal entity.
    • Mark the 'Suspended' checkbox.
    • Close the Financial dimension values form.
    When you now try to use the FOUR financial dimension value in the CEED legal entity on a transaction, an error message will appear stating "Dimension value FOUR is suspended."

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Still having trouble...

  1. Ask the community of users like yourself through the Microsoft Dynamics AX Community here.
  2. Search for your issue on the Microsoft Dynamics Lifecycle Services site to research it.  Issue Search is a search engine that you can use to quickly search for KB articles, hotfixes and workarounds for reported issues in Microsoft Dynamics AX 2012 and Microsoft Dynamics AX 2012 R2.  You can see which reported issues are in the process of being fixed and see notifications when a hotfix is released for a specific functional area in AX 2012. You can download released hotfixes, see which code objects are affected, and see the code changes introduced by the hotfix.  In order to use Issue Search, you must have a CustomerSource or a PartnerSource account, and have created a project.  For more information, see the Lifecycle Services User Guide.   
  3. For Technical support questions, contact your partner, or if enrolled in a support plan directly with Microsoft, you can enter a new support request to Microsoft Dynamics Technical Support from CustomerSource or PartnerSource under Support >> New Support Request.
  4. You can also contact Microsoft Dynamics Technical Support by phone using these links for country specific phone numbers: 

            Partners – Global Support Contacts (requires PartnerSource login)           

            Customers – Global Support Contacts (requires CustomerSource login)

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