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520Hi,
I created a new Project with Grant as the funding type.
I enter funding limit in Project contract.
I created an on-account transaction equal to funding limit, create invoice proposal for the on account and post the transaction.
When I check the project contract, the Spent amount was updated by the on-account transaction.
Should the on-account transaction update the Spent amount in project contract?
The on-account transaction is an advance payment made by the customer and should not update the Spent amount in project contract.
My issue here is I cannot create a Purchase order because the funding limit is already consumed by the on-account transaction.
Now I created a reversal of the on-account transaction so that I can create a Purchase order but the system did not allow me because the Spent amount in project contract did not update with the reversal of on-account transaction.
The error message when I create a Purchase order is as follows:
Revenue could not be allocated. Verify that funding rules have been set up to allocate the revenue'
I'm using AX2012 R3.
Pls advise.
Thanks.
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