About settlement type for credit notes
Important
This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012
When you create a credit note in the Purchase order form, the specified settlement type is transferred to the Settlement type field. The Settlement type field is located on the Setup FastTab on the purchase order.
The settlement types that apply are:
Values |
Description |
|---|---|
None |
The invoice transaction will not be settled. |
Open transactions |
The transactions will be offset against open transactions. The First In First Out (FIFO) principle applies. |
Designated transactions |
The transactions will be settled with regard to a specific invoice. |