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Finance | Project Operations, Human Resources, ...
Answered

Difference between Project Types Internal and Cost Project

Posted on by 726

Wondering if anyone could elaborate the main pros and cons when choosing a project type "Internal" versus type "Cost Project". MS documentation I found not very helpful on main differences.

Thanks guys

  • RE: Difference between Project Types Internal and Cost Project

    Hi Simon,

    Hope your question is addressed by now.  If so please mark the thread as answered to close the thread.

    Best Regards

    Ashok Kumar Gupta Ega

    Sr. T.A, Microsoft

  • simonsmith101 Profile Picture
    simonsmith101 726 on at
    RE: Difference between Project Types Internal and Cost Project

    Thanks Christoph.

  • Suggested answer
    simonsmith101 Profile Picture
    simonsmith101 726 on at
    RE: Difference between Project Types Internal and Cost Project

    Thanks Junaid. That explains it.

  • Suggested answer
    Junaid Idrees Profile Picture
    Junaid Idrees 12,746 on at
    RE: Difference between Project Types Internal and Cost Project

    Hi Simon,

    In nutshell, the significant difference between internal and cost project is, Cost incurred in "Cost project" cannot be capitalized to balance sheet accounts but only to profit and loss account. But internal type of project cost can be capitalized to balance sheet account as well.

    Create a project group with project type as "cost project" and you will see system will only allow you to select profit and loss in ledger section that means you can only post the cost to P & L accounts.

    Hope it helps.

  • Verified answer
    Christoph Thaler Profile Picture
    Christoph Thaler 5,442 on at
    RE: Difference between Project Types Internal and Cost Project

    Hi Simon,

    You can find more information about the project types here: docs.microsoft.com/.../about-project-types

    It‘s from AX 2012 but still valid.

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