117
Hi Everyone,
I am working on project management & account module Ax2012 R3, I have a question that how to configure our invoice proposal resource wise as per number of days allocations,
Secondly, I require to configure accrued revenue [ accounting] on project type [Fixed price, time & material].
Thank you for sharing very extensive information it would be valuable for me while preparing demo for client.
Just only one requirement left, which is I am chasing in project management & accounting that how would I manage my assigned resource on project.
Suppose that, four employees are assigned to project and they have a different cost/sale prices per day.
Like:
Employee A - 250 USD per Day - Assistant Mechanic
Employee B - 500 USD per Day - Mechanic
Employee C - 750 USD per Day - Assistant Engineer
Employee D - 1000 USD per Day - Engineer.
Project Period for example: 01-March-2022 To 31-March-2022.
Employees are assigned for the following period on project.
Employee A & B, 01- March -22 to 15-March-22
Employee C & D, 16 - March -22 to 31- March -22.
How and where do I configure in Ax2012 this scenario?
for the report reference of customer legacy system.
Hi Raheel,
Not 100% on your exact requirements but the invoice proposal functionality would pick up any "chargeable" transactions posted to the project during the invoice period. For Fixed-price projects these are in the form of on-account transaction representing the various project milestones. For T&M projects the transactions billed are the hour/expense/item/fee transaction posted to the project/s.
When you generate the billing proposal you are asked which transaction types you wish to include.
Your resources will make booking to projects using the hour/timesheet transaction or through employee expenses. These are then picked up on the invoice proposal to be billed. How you want these to appar on the actual invoice is doe through the particular invoice format which you can customise to your liking.
Accrued Revenue
Fixed-price - On-account transaction is posted to WIP account, using Project - WIP invoiced - on account posting type. The revenue recognition process (Estimates) releases these accruals based on the progress of the project using the various cost templates (Cost amount, Quantity, Manual). This Credits Project - accrued revenue - sales value and then debits project - WIP - sales value (so set this posting to the same account as Project - WIP invoiced - on account to clear out the accrual.
T&M - For T&M projects you set th accrue revenue flag on against the project group to accrue revenue. Set up the postings for Project - WIP - sales value and Project - accrued revenue - sales value. When a "chargable" transaction is posted the system will accure the revenue and automatically release the accrual when the transaction is invoiced.
KR
Mark
Stay up to date on forum activity by subscribing. You can also customize your in-app and email Notification settings across all subscriptions.
#1
André Arnaud de Cal...
291,280
Super User 2024 Season 2
#2
Martin Dráb
230,235
Most Valuable Professional
#3
nmaenpaa
101,156
Share
Report
All responses (
Answers (