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Is there a way to automatically generate deferred revenue entries for fixed price project when milestone invoice amount is greater than the recognized revenue amount during the project? We have the "Project WIP Sales Value" and "Project WIP Invoiced On Account" setup and understand they will be eventually cleared out at the end of the project by elimination. But the requirement is during the project at any time for the over invoiced amount to be recorded as deferred revenue.
Any recommendation would be much appreciated.
If I understand you correctly, the WIP Sales value ledger account needs to be used when the invoiced amount is lower compared to the recognized revenue. Otherwise when the invoiced amount is higher, you want to have it on a deferred ledger account? (WIP sales value post back to 0 at that time)
This is not possible in standard AX. Years ago at a customer in an AX4.0 environment we did a similar customization. It is possible to do, but a quite complex customization. There are some risks if the customization is not being tested correctly.
Thanks for your quick response! That's exactly what I am asking. Seems like a manual adjusting and reversing entry would have to be done at month end in that case. I will create a MS connect ticket and hope this can be considered in a future release.
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