Howdy, Stranger!
Categories
- All Categories
- 73 General
- 73 Announcements
- 66.6K Microsoft Dynamics NAV
- 18.7K NAV Three Tier
- 38.4K NAV/Navision Classic Client
- 3.6K Navision Attain
- 2.4K Navision Financials
- 115 Navision DOS
- 854 Navision e-Commerce
- 1K NAV Tips & Tricks
- 772 NAV Dutch speaking only
- 615 NAV Courses, Exams & Certification
- 2K Microsoft Dynamics-Other
- 1.5K Dynamics AX
- 305 Dynamics CRM
- 109 Dynamics GP
- 10 Dynamics SL
- 1.5K Other
- 993 SQL General
- 384 SQL Performance
- 34 SQL Tips & Tricks
- 34 Design Patterns (General & Best Practices)
- Architectural Patterns
- 10 Design Patterns
- 5 Implementation Patterns
- 53 3rd Party Products, Services & Events
- 1.7K General
- 1.1K General Chat
- 1.6K Website
- 79 Testing
- 1.2K Download section
- 23 How Tos section
- 260 Feedback
- 12 NAV TechDays 2013 Sessions
- 13 NAV TechDays 2012 Sessions
Consignment Vendor Payment
n_c_balaji
Member Posts: 34
Hi All,
Has anyone come across how Consignment Vendor Payment is done in Navision. This is for a Retail customer wherein the Vendor Payments are made at end of the month based upon the Retail Sales performed in that month.
Standard Navision Payment Journals shows the open Invoices for the entire amount Invoiced for the vendor. For eg. 1-Jan Purchase Order is placed to the Vendor for 100 qty with Unit Cost as 100. Stock is received in the Inventory and Invoice is posted for the Vendor on the same day. So the Vendor Outstanding amount will be 10000. The Actual Sales has happened only for 50 qty, which the Customer knows only at the end of the month. So I need to pay only for 50 Qty i.e. Rs.5000 to the Vendor.
The Customer neither can delay the posting of Invoices till end of the month nor he can use credit memos to return back the unsold qty to the Vendor.
How can this situation be handled in Navision...........
Thanks,
N C Balaji
Has anyone come across how Consignment Vendor Payment is done in Navision. This is for a Retail customer wherein the Vendor Payments are made at end of the month based upon the Retail Sales performed in that month.
Standard Navision Payment Journals shows the open Invoices for the entire amount Invoiced for the vendor. For eg. 1-Jan Purchase Order is placed to the Vendor for 100 qty with Unit Cost as 100. Stock is received in the Inventory and Invoice is posted for the Vendor on the same day. So the Vendor Outstanding amount will be 10000. The Actual Sales has happened only for 50 qty, which the Customer knows only at the end of the month. So I need to pay only for 50 Qty i.e. Rs.5000 to the Vendor.
The Customer neither can delay the posting of Invoices till end of the month nor he can use credit memos to return back the unsold qty to the Vendor.
How can this situation be handled in Navision...........
Thanks,
N C Balaji
0
Comments
Did you find any solution on consignment sales, inventory and related transaction?
I am also looking at an solution or workaround on this. We are using AX 4.0 sp1.
Nikesh Shah