Purchase Order Posting in AX 2012

Finance and Operations/AX User Forum
1

I am trying to get the posting COA’s in order for AX 2012 and I was hoping someone could look at this and let me know if I am close before I continue my setup.

This is for a purchase of a stocked item, standard cost

Product Receipt:

  1. Debit 2001 - AP Clearing (Purchase expenditure, un-invoiced )

Credit: 2002 - AP Accrual (Purchase, accrual)

  1. Debit: 1342 - Inventory Clearing, Received, un-invoiced (Product receipt)

Debit: 5600 - Purchase Price Variance (If needed and could be debit or credit)

Credit: 2001 - AP Clearing (Purchase expenditure, un-invoiced)

Invoice:

  1. Debit: 2002 - PO Accrual (Purchase, accrual )

Credit: 2001 - AP Clearing (Purchase expenditure, un-invoiced)

  1. Debit: 5200 - COGS - Parts (Purchase expenditure for product)

Credit: 2000 - Accounts Payable (Vendor balance)

  1. Debit: 2001 - AP Clearing (Purchase expenditure, un-invoiced)

Debit: 1200 - Parts Inventory (Purchase, inventory receipt)

Credit: 1342 - Inventory Clearing, Received, un-invoiced (Product receipt)

Credit: 5200 - COGS - Parts **(**Purchase expenditure for product)

Thanks who ever would respond it would really get me movning along for my setup.