Difference between Project Types Internal and Cost Project

(0) Share

Report

Posted on by simonsmith101

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

All responses (5)

Answers (1)

AshokKumarGuptaEga on at

Like (0)

Report

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 726 on at

Like (0)

Report

RE: Difference between Project Types Internal and Cost Project

Thanks Christoph.
Suggested answer

simonsmith101 726 on at

Like (1)

Report

RE: Difference between Project Types Internal and Cost Project

Thanks Junaid. That explains it.
Suggested answer

Junaid Idrees 12,746 on at

Like (1)

Report

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 5,442 on at

Like (1)

Report

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.