Forum Post: Consolodate customers and vendors payments in ledger

Dear All, Is there any way to cosolodate customers and vendors payments and invoices(Customer=Vendor) to reflected automatically in the ledger accounts (Balance Sheet). i.e. when we do a settlement for customer payment or vendor payment, to be reflected on the ledger accounts, payables or receivable. It is vital for our company. Our system is Microsoft Dynamics AX 2012 R2 Thanks in advance