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Hi,
We have around 100 Projects which we use percentage of Completion as a Revenue Recognition Method,
Can I book the Accrued Revenue for all Projects ONE TIME NOT ONE BY ONE
Note;
All those Projects are Under One Project Group
Thanks & Regards
Mustafa
Hi Mustafa,
There is a periodic function available that allows you posting the project estimates for multiple projects at once.
Please search for it in your menu structure in the project module.
Once you found it you can post the accrued revenue for all of the 100 projects without having to open them one by one.
Best regards,
Ludwig
Hi Ludwig,
Can you please let me know what this periodic function is?
Regards
Good Morning Mustafa,
In D365FO you can find the functionalities under project management / Periodic / Estimates.
There you can create, calculate, post ... estimates for multiple projects.
As per me, For posting the project estimates for multiple projects at once, The estimated Cost should be defined for each Project in its Profile , Am I Right ?
I don't understand your last question.
Can you clarify it and possibly provide an example or screenshot?
Many thanks,
Actually my inquiry is about (Percentage complete) thru Revenue Recognition, In setup there are many Calculation Options (Manual Or Cost,..) , My Question is if I selected (Cost).. WHAT IS the Equation?? Actual Cost will be divided by which figure ?
Hello Mustafa,
The actual costs are compared against the forecast costs that you selected when running the estimate (remember that you must select a forecast model). What AX calculates and how it calculates depends on the calculation method selected. The following blog post provides an overview of the available methods.
docs.microsoft.com/.../estimate-calculation-methods-for-fixed-price-projects
Are you asking for following setup:
There are three option:
1. Manual which will allow you to enter Percentage completion manually.
2. Automatic which will calculate percentage completion by calculating all actual cost against estimated cost.
3. Cost Template which will allow you to calculate percentage completion as per cost template selected in Project group.
Following are example of cost template where I mention completion method is automatic.
Let me know if this solve this issue.
For booking multiple revenue without going to each project, as Ludwig Reinhard suggested best way to do it.
Following are the options you can use it for bulk creation / deletion / posting as well as for reversal.
For more information regarding Fixed Price Contract with Percentage completion method you can refer following blog:
https://dynamics365finance.wordpress.com/2019/06/03/fixed-price-percentage-completion-contract-with-milestone-billing-full-cycle/
Let me know if any more help required.
Thanks,
Gaurangkumar Jani
D365 Finance Functional Consultant
Hi Jani,
Thanks for your detailed response, Currently All is Ok with me EXCEPT One Point ( Where can I mention The Estimated Cost for a Particular Project?)
In project forecast.
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