We resell software products and don't stock anything. We order directly from the manufacturer say Microsoft and most of the time the software is shipped direct to the end customer ship to location or via electronic.
Now how can I create an item and track it in AX? Ok. I create a item model group and un-check the "stocked item". Still AX requires item group and tracking dimensions. Ok I create a default. Is that the right approach?
Now ledger a/c question? Since no inventory - how the purchase work from ledger transactions perspective:
Story: I buy an item from a vendor and sell it to a customer: No stocking; net 30 for vendor; net 30 for customer;
I post purchase invoice: what happens?
Vendor balance a/c Cr purchase expense a/c Dr
AP Payment journal posting (I cut a check)
Vendor balance a/c Dr Cash a/c Cr
accounting 101.. Accounts payable, Sales a/c etc.?
