Posting set up for a service item ???

Hi all,

I would like to know what is the difference between Receipt and Consumption for a Service item in the Setup of Item groups - Posting / Purchase order.

Can anyone explain it to me?

For a certain service item I should set up a ledger account where the cost/value of the service received should be accumulated and I am not sure if this account shoud be set up in Item group/Posting/Purchase order/ Receipt or in Item group/Posting/Purchase order/ Consumtion.

Help me!

thanks in advance!



I would like to know this as well.

I would like to know this as well.


For the service items stock are not maintained. Hence No Receipt or consumption is booked for them.

Also, Consumption is booked at sales and receipt is booked at purchase.

Which version of AX are using? Posting routine has changed from 2012 version.