Customer advance in the project module

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Posted on by imran ul haq

4,017

Hi All

I have created the customer advance journal and post it from the project module. Now i am trying to create the invoice proposal for the milestone and want to deduct the amount from the advance but in the invoice proposal i am not getting the advance amount in the "Reconciliation with customer advances" section.

Ca you suggest me the reason and how i can fix this issue.

Thanks in advance.

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imran ul haq 4,017 on at

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Any suggestion experts

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David Massey on at

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The cash advance reconciliation section only appears for Time and Material projects.

Please provide more information about AX version, project type and how you created the cash advance, milestones (billing rules, on-account entry)

If FP project, the cash advance should show as a negative transaction on the first invoice created after the posting of the cash advance.

Normally you would not use cash advance for a fixed price projects. The prepayment (deposit) is a defined milestone for the contract cost.

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Joel Leichty 466 on at

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From the Project open the On-account transactions form. Click the "Offset" filter checkbox. You should see a transaction with a Transaction origin of Deduction. This Transaction origin is what shows up in the Reconciliation section of the Create invoice proposal form.

Your wording is a bit unclear on your steps. The steps should be:

1.) From the Project click the Customer advance button. Enter the advance amount and click ok. Post the Project invoice proposal.

2.) Enter hours on the Project.

3.) Create an invoice proposal. Apply the advance (prepayment) amount against the sales value of the hours.

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Community Member on at

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Is there a provision to change the recovered advance amount?

The client would like to recover the advance amount in the ratio of the invoice amount to the Total Contract Value. Thanks!

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David Massey on at

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When creating the Invoice proposal, there is an option to split the cash advance amount. In this way you can determine how much of the cash advance should be applied to this invoice.

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