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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Sales order for school...
Microsoft Dynamics AX (Archived)

Sales order for school fees

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Posted on by Hariharans87 36

Hi,

The client is running a school. They have 3 terms (Sep - Dec, Jan - Mar, Apr - Jun). Fiscal year period is Sep - Aug. The due month for the term 1, term 2 and term 3 is Jun, Nov and Mar. We have created term as product in AX and we used sales order invoice for bill.

The problem is we are generating bill and receiving amount on Jun for the term 1. Term 1 period (Sep - Dec) will come under next fiscal year. It should come as liability not revenue for the current fiscal year.

Still it is not implemented, Could you please suggest how to resolve this issue or any other workaround for this scenario.

Thanks,

Hari

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I have the same question (0)
  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi Hariharan S,

    I do not fully understand the issue with the liability. Can you elaborate on that especially when and why a liablity should be generated.

    Many thanks and best regards,

    Ludwig

  • Hariharans87 Profile Picture
    Hariharans87 36 on at

    We received fees in advance in the previous fiscal year. It is not a revenue for the previous fiscal year. It is revenue for the current fiscal year. So, this sales order invoice receipt should come under liability for the previous year.

    I don't know how to handle this scenario by using sales order. Please also let me know if you have any other workaround for fees system.

  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hello Hariharan S,

    Your scenario sounds like a prepayment scenario for SO's.

    Do you know this article here?

    community.dynamics.com/.../ax-2012-sales-order-prepayment

    Does it fit your process?

    Best regards,

    Ludwig

  • Hariharans87 Profile Picture
    Hariharans87 36 on at

    Yes. I can try prepayment. Thanks for your help.

  • guk1964 Profile Picture
    guk1964 10,888 on at

    You might try Synergy Software Systems Dubai who have an add on solution for student take on and fees billing that caters for revenue recognition..

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