{"id":248,"date":"2016-08-19T07:54:15","date_gmt":"2016-08-19T07:54:15","guid":{"rendered":"http:\/\/blogs.excelglobalsolution.com\/?p=248"},"modified":"2016-08-19T07:54:47","modified_gmt":"2016-08-19T07:54:47","slug":"basic-setups-for-implementing-ax-2012-r3","status":"publish","type":"post","link":"https:\/\/excelglobalsolution.com\/blogs\/?p=248","title":{"rendered":"Basic Setups for Implementing AX 2012 R3"},"content":{"rendered":"

1.\u00a0 <\/strong>Creation of Legal Entity<\/strong><\/h1>\n

Navigation<\/strong>: Organization administration –>\u00a0<\/em>Common –>\u00a0<\/em>Organizations –><\/em>\u00a0Internal organizations<\/em><\/p>\n

Enter data to the fields like Country<\/strong>, Address<\/strong> and Time Zone<\/strong> (Close all the Client systems to change the time zone)<\/p>\n

2.\u00a0 <\/strong>Creation of COG Group<\/strong><\/h1>\n

Navigation<\/strong>: General Ledger <\/em>–><\/em>\u00a0Setup –>\u00a0<\/em>Chart of Accounts –>\u00a0<\/em>Chart of Accounts<\/em><\/p>\n

Enter the values like name<\/strong> and description<\/strong> of Chart of accounts (Do not create COA accounts here)<\/p>\n

3.\u00a0 <\/strong>Creation of Financial dimensions<\/strong><\/h1>\n

Navigation: <\/strong>General Ledger –>\u00a0<\/em>Setup –>\u00a0<\/em>Financial dimensions –>\u00a0<\/em>Financial dimensions<\/em><\/p>\n

New button<\/strong> will not be enabled in the Common –>\u00a0<\/em><\/strong>Main accounts<\/strong> form until we create a financial dimension<\/p>\n

4.\u00a0 <\/strong>Creation of Main accounts<\/strong><\/h1>\n

Navigation: <\/strong>General Ledger –><\/em>\u00a0Common –><\/em>\u00a0Main accounts<\/em><\/p>\n

5.\u00a0 <\/strong>Activate the account structure<\/strong><\/h1>\n

Navigation: <\/strong>General Ledger\u00a0–><\/em>\u00a0Setup\u00a0 –>\u00a0<\/em>Chart of Accounts –><\/em>\u00a0Configure account Structures<\/em><\/p>\n

\"Step5\"<\/a><\/p>\n

After configuring the account structure click Activate<\/strong> button.<\/p>\n

6.\u00a0 <\/strong>Creation of Fiscal Year<\/strong><\/h1>\n

Navigation: <\/strong>General Ledger –><\/em>\u00a0Setup\u00a0 –>\u00a0<\/em>Fiscal Calendars<\/p>\n

\"6\"<\/a><\/p>\n

7.\u00a0 <\/strong>Creation of Fiscal Calendar<\/strong><\/h1>\n

Navigation: <\/strong>General Ledger\u00a0–><\/em>\u00a0Setup –>\u00a0<\/em><\/em>Fiscal Calendars<\/p>\n

\"7\"<\/a><\/p>\n

8.\u00a0 <\/strong>Creation of Ledger for Legal entity<\/strong><\/h1>\n

Navigation: <\/strong>General Ledger –><\/em>\u00a0Setup\u00a0 –><\/em>\u00a0Ledger<\/p>\n

\"8\"<\/a><\/p>\n

Enter the values like Chart of accounts<\/strong> group created, Fiscal Calendar<\/strong> and Accounting Currency<\/strong>.<\/p>\n

We should add the Account structure<\/strong> created in the Account structure section.<\/p>\n

9.\u00a0 <\/strong>Configure exchange rate types<\/strong><\/h1>\n

Navigation: <\/strong>General Ledger –><\/em>\u00a0Setup\u00a0 –><\/em>\u00a0Currency –><\/em> Exchange rate types<\/p>\n

\"9\"<\/a><\/p>\n

We can create any number of exchange rate types and add exchange rate to that type.<\/p>\n

10.\u00a0<\/strong>Configure currency exchange rate<\/strong><\/h1>\n

Navigation: <\/strong>General Ledger –><\/em>\u00a0Setup\u00a0 –><\/em>\u00a0Currency –><\/em> Exchange rate types<\/p>\n

\"10\"<\/a><\/p>\n

Select the Exchange rate type<\/strong> in the drop down and click new<\/strong> button to create a currency exchange rate<\/p>\n

11. <\/strong>Configure General Ledger parameters<\/strong><\/h1>\n

Navigation: <\/strong>General Ledger –><\/em>\u00a0Setup\u00a0 –><\/em>\u00a0General Ledger parameters<\/p>\n

\"11\"<\/a><\/p>\n

By default some of the setups are configured.<\/p>\n

In the Batch transfer rules section, set the transfer mode to Synchronous<\/strong> in order to create the vouchers automatically when we post the packing slip and invoice for Sales and purchase orders.<\/p>\n

For \u2018Scheduled batch\u2019<\/strong>\u00a0transfer mode, the transactions will be posted to the general ledger later when you run General ledger –> Periodic –> \u2018Batch transfer for subledger journals\u2019<\/strong>.<\/p>\n

12.<\/strong>Configure Posting profiles<\/strong><\/h1>\n

Navigation: <\/strong>Inventory Management –>\u00a0<\/em>Setup –>\u00a0<\/em>Posting\u00a0–><\/em>\u00a0Posting<\/em><\/p>\n

For Sales Order:<\/strong><\/p>\n