Microsoft Dynamics AX (Archived)

Unable to recognise Invoicing Transaction from Invoice Proposal from Billing Rule for Fixed Priced Project : Percentage of Completion Type

(1) Share

Report

Posted on by Community Member

Hello,

Error message telling "No invoice transactions." appears on "Invoice proposal with billing rule" form as shown below.

Following Attributes are utilised:

Project Group : Fixed Price (Percentage of Completion)

Billing Rule : Progress

After entering project budget and journal, "Estimates" form is used to recognise the revenue matching the progress.
Correct ammount of Accrued Income is visible on "Posted Transactions" form, under category "Sales Estimate (Fee)"-nonchargeable.

Could you please indicate a solution so that invoice could be raised matching the recognised revenue for the progress of the project?

Thank you,

ABTS

*This post is locked for comments

I have the same question (0)

All responses (8)

Answers (2)

Verified answer

David Massey on at

Like (1)

Report

Progress billing rules and Fixed price projects are not compatible. Progress billing rules are used for Time and Material projects and only create Fee transactions for invoicing. Fixed Price project will only invoice On-Account transactions. These are created by either Milestone billing rules or manual entry of On-Account transactions.

Revenue recognition is separate from invoicing. Contract value is determined by the sum of the Milestone records (On-account transactions). The estimation/elimination process had a dependency on this computed valued to determine the amount to be recognized based on Percent complete or Completed contract. The contract value used by Progress billing rule would not be used.

Was this reply helpful? Yes No
Verified answer

Community Member on at

Like (0)

Report

Hi David,

Thank you so much for the reply.

I was able to issue an invoice at milestone type of billing.

ABTS

Was this reply helpful? Yes No
Abhi Agarwal 50 on at

Like (0)

Report

Hi ABTS, what did you do to get pass this error, I am encountering the same when trying to do milestone billing on a FP project ?

Was this reply helpful? Yes No
Suggested answer

David Massey on at

Like (0)

Report

If you define the milestone using the billing rules, you need to mark they ready to bill.

On the contract:

1. Maintain - Manage contract status

2. Select the milestone billing rule

3. Update milestone status

4. Mark the milestone as ready to bill.

At this point the milestone will appear on a new invoice proposal

Was this reply helpful? Yes No
Abhi Agarwal 50 on at

Like (0)

Report

Still the same error, updated the milestone and also tried to generate the invoice using on-account transactions

Was this reply helpful? Yes No
David Massey on at

Like (0)

Report

How are you generating the invoice? Specifying On-account transaction is not an option when creating invoices for billing rules.

The On-account transactions under the Bill tab is only used for non-billing rule based milestones.

Was this reply helpful? Yes No
Abhi Agarwal 50 on at

Like (0)

Report

I tried both option but still gives error

Was this reply helpful? Yes No
David Massey on at

Like (0)

Report

Please provide screen shots of how you are going through the invoice process. It also helps to version of AX. Are there customization to the system?

Was this reply helpful? Yes No