Microsoft Dynamics AX Project Funding Sources (Part 1)

This blog is part one of a two-part series reviewing funding within a Project Contract.  In part one we will be reviewing funding sources. A funding source is exactly as it sounds, the source of where the money is coming from for a project. Usually a customer is the source of funding, but there are many scenarios where that may not be the case or where you would have multiple sources of funding. 

If you’re working with a large organization which require the tracking of spend and issuance of funding based on department, you can create a funding source for each department. Another scenario where you may want to use multiple funding sources is when a customer wants to pay for a portion of the work on a project (say the hours) and the customer is requiring their sub-tier to pay for the other portion. In this case you can create two funding sources and charge each company with their portion. In part two we will review exactly how to separate the charges.  

Funding Source Records

A Project Contract is required prior to creating and working on projects. When a Project Contract is created, the system automatically creates a funding source – because a project always needs funding! 

To get started, navigate to Project Management and Accounting -> Common -> Projects -> Project Contracts

• Find and open your Project Contract. There will be a Fast Tab called Funding Sources.

Check out the full post here!