Automatic settlement saves time and money
Drafting good annual financial statements takes time. That is not a problem if the focus is on the essentials. The correctness of balances on general ledger accounts should be self-evident, but sorting out balances can sometimes cause annoying delays.
General ledger settlements can help you gain good insights into the balances of general ledger accounts. With the Solution for Settlement in Dynamics AX2012 and FO, you can automatically settle the transactions on the suspense accounts for receipts and packing slips.
From the general ledger and sub ledgers for purchase orders and sales orders, the general ledger transactions are searched by the Mprise Solution. When these ledger transactions close, they are settled.
Because of the link with the sub-administration, the automatic settlement is 100% accurate. Of the transactions that unexpectedly do not close you get a crystal clear overview. This gives you a very good insight into the balances on these ledger accounts.
The Solution for Settlement in Dynamics AX2012 and FO offers the possibility of settling general ledger transactions via batch processing. This means that settlement can be carried out throughout the year, without taking up any extra time. This gives you continuous insight into the substantiation of the balances for these temporary ledger accounts and enables you to make corrections where necessary throughout the year.
To help you determine if the Solution for Settlement in Dynamics AX2012 and FO developed by Mprise can do something for your organization, we offer the following three steps:
AbemecRead more customer stories