Schema of Posted entries for Project Management and Accounting

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Posted on by Arnab Das

Hello All,

I am sure we all are safe and healthy.

I need to present client's CFO the revenue recognition functionality for project management and accounting. Is there anyway to get the schema for posted accounts (for all the relevant steps), I tried to get the same from USMF but not getting in right direction. This presentation-meeting will also focusing defining the new COA of our implementation. Any help on this schema will equip me for a constructive discussion.

Thanking you all in advance. Please stay safe, stay healthy.

Best regards,

Arnab

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André Arnaud de Cal... 301,158 Super User 2025 Season 2 on at

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Hi Arnab,

I'm not sure what you are asking exactly here. Can you elaborate? Note that USSI also contains an example setup on projects.

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Arnab Das on at

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Hi, Thank you for your quick response. Kindly find below the example, I want to prepare for Revenue recognition maintaining the same way:

Recording WIP Cost:

Project WIP Cost Expense A/c…………………………………………………….Dr.

To Expenses A/c………………………………………………………………….Cr.

Invoicing expenses:

Project Cost Expenses A/c. …………………………………………………….Dr.

To Project WIP cost expenses A/c……………………………….….Cr.

Accounts receivable A/c. ……………………………………………….………Dr.

To Project Revenue A/c …………………………………………………Cr.

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Ludwig Reinhard Microsoft Employee on at

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Hello Arnab Das,

Please have a look at the standard contoso USSI demo company.

They have a 'richer' setup when it comes to projects and project accounting, which might help you with your preparation.

Best regards,

Ludwig

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Arnab Das on at

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Thank you very much for your input. Indeed, a little more variety found. Thanks a ton.

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