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Auto-reversal of accrue revenue

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Hi All,

I have come across a scenario where I want to accrue revenue for a fixed price project at month end which should automatically get reversed in the next month. Do we have any out of box solution for this?

Regards,

Nakul

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Ludwig Reinhard Microsoft Employee on at

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Hi Nakul,

What's the business scenario for that?

If you accrue revenue with the estimation process then also a part of your costs will be moved from a WIP to a cost account.

If you reverse the accrued revenue then the only thing remaining on the project would be the cost element.

Would be great if you could provide more details about the underlying issue.

Many thanks,

Ludwig

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Miguel Angel Garcia Microsoft Employee on at

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Hi Nakul,

You could use a fixed price of type complete percentage to accrue revenue with the estimation process in monthly basis.Since complete contract FP project will do it at the end of Project. See link from online help:

https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/about-estimates

Not sure about your point of get reversed in the next month, could you please add more details?

A monthly estimate (complete percentage) will move from WIP to P&L account to recognize the revenue at that point of the time. However, if you are reversing the estimate from previous month that operation will be reversed too with reverse ledger posting.

Best Regards

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Ludwig Reinhard Microsoft Employee on at

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Hello nakul waghe,

Have you been able to find a solution to your problem or do you need any other help from the community?

Best regards,

Ludwig

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Community Member on at

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Sorry Ludwig, got busy and couldn't connect back to you.

I am fine for now, thanks

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Ludwig Reinhard Microsoft Employee on at

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Good to hear.

Can you then verify the answers to get this thread completed.

Many thanks and best regards,

Ludwig

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