MindQuad Solutions Microsoft Dynamics Ax Functional Consultant Interview Questions, Process, and Tips

I am an experienced Microsoft Dynamics AX Functional Consultant with a strong background in implementing and customizing the software to meet business needs.

• I have worked on multiple projects where I successfully implemented Microsoft Dynamics AX for clients in various industries.

• I have expertise in configuring and customizing modules such as Finance, Supply Chain Management, and Production.

• I have a deep understanding ...read more

To create a PO in Microsoft Dynamics Ax, follow these steps:

• Navigate to Procurement and Sourcing > Purchase Orders > All Purchase Orders

• Click on 'New' to create a new PO

• Fill in the necessary details such as vendor, items, quantities, and delivery dates

• Submit the PO for approval

• Once approved, the PO can be sent to the vendor

Vendor posting profile is a configuration that defines the default accounts used for posting vendor transactions.

• It determines the accounts that will be used for posting vendor invoices, payments, and credit memos.

• It can be set up at the vendor group level or at the individual vendor level.

• It can also be used to define default dimensions for vendor transactions.

• Examples of vendor posting profiles include 'Standard', 'C

Prepaid expense is an expense paid in advance and is recorded as an asset until it is used or consumed.

• Prepaid expenses are commonly seen in insurance premiums, rent, and subscriptions.

• To set up prepaid expenses in Dynamics Ax, create a new ledger account for prepaid expenses.

• Record the prepaid expense as a debit to the prepaid expense account and a credit to the cash account.

• As the prepaid expense is used or consumed,...read more

Procure to Pay cycle is the process of acquiring goods or services from a vendor and paying for them.

• The cycle starts with identifying the need for a product or service.

• Then, a purchase requisition is created and sent for approval.

• Once approved, a purchase order is created and sent to the vendor.

• The vendor delivers the goods or services and an invoice is received.

• The invoice is matched with the purchase order and goods...read more

Vendor details can be added in Microsoft Dynamics Ax by navigating to the vendor form and entering the required information.

• Open the vendor form in Microsoft Dynamics Ax

• Enter the vendor details such as name, address, contact information, etc.

• Save the vendor details to complete the process