Creating a Trade Agreement in AX 2012: A Comprehensive Guide
If you are running a business that involves buying and selling goods and services, chances are you will require trade agreements to be in place. This is particularly true if you have customers who purchase a large volume of goods from you, as creating trade agreements can help you establish long-term partnerships with them. In this article, we will cover how to create a trade agreement in AX 2012.
Step 1: Create a Customer Record
The first step in creating a trade agreement in AX 2012 is to create a customer record. This is important as the trade agreement will be tied to a specific customer. To create a customer record, navigate to the Customers module in AX 2012 and click on the ‘New’ button. Input all the necessary fields, such as the customer’s name, address, contact details, and other relevant information.
Step 2: Setup a Base Price
The next step is to set up a base price. This is the standard price that you will charge for a particular item without any trade agreements in place. To set up a base price, navigate to the Item List and select the item you want to set a base price for. Click on the ‘Price’ button and input the price in the ‘Sales’ field. Save the changes.
Step 3: Create a Trade Agreement Journal
Once you have set up the base price, the next step is to create a trade agreement journal. This is the document that will contain all the details of the trade agreement. To create a journal, navigate to the Trade Agreements module and click on the ‘New’ button. Input the necessary details, such as the agreement type, the customer’s name, and the item or items that the agreement will apply to.
Step 4: Add Line Items to the Trade Agreement Journal
The next step is to add line items to the trade agreement journal. In other words, you need to specify the terms of the agreement. For example, you can indicate that the customer will receive a discount of 5% on all purchases of a particular item. To add a line item, click on the ‘Add Line’ button and input the necessary details, such as the item name, the discount percentage, and any other relevant information.
Step 5: Post the Trade Agreement Journal
Once you have added all the line items to the trade agreement journal, the final step is to post the journal. This will make the trade agreement effective. To post the journal, click on the ‘Post’ button and confirm the details. Once the journal is posted, the trade agreement will take effect for the specified customer and item or items.
In conclusion, creating a trade agreement in AX 2012 is a relatively straightforward process. By following the steps outlined in this article, you can create a trade agreement that will help you establish long-term partnerships with your customers. Remember to ensure that all the necessary details are included in the trade agreement journal, such as the agreement type, customer’s name, and the terms of the agreement.