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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Using Business Central...
Small and medium business | Business Central, N...
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Using Business Central for Film Project Management/Accounting

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Posted on by Roger Noden 41

Need some advice on how to setup the following use case in Business Central:

 

  1. We will be creating short films that we will promote; so they are not associated with a specific customer
  2. We would like to track expenses against a budget for each film
  3. We want to be able to report on each film individually (Profit/Loss, Budget vs Actual, etc.)
  4. We also need to account for Film Cost Capitalization, Amortization, and Impairment.
    This basically means that the project costs incurred in the ‘research phase’ are expensed as incurred, while costs incurred in the ‘development phase’ are capitalized once the recognition criteria are met. 

 

I'm struggling on how to setup Job/Project Management in Business Central to handle this. Any suggestions?

 

Categories:
Dynamics 365 Business Central
  • gdrenteria Profile Picture
    gdrenteria 16,171 Most Valuable Professional on at
    Using Business Central for Film Project Management/Accounting

    Hi, good day
    I hope this can help you, and give you some hints.

    Jobs - Dynamics 365 Business Central

    Project management - Business Central | Microsoft Learn

    Best Regards
    Gerardo

  • Suggested answer
    Jainam M. Kothari Profile Picture
    Jainam M. Kothari 2,540 on at
    Using Business Central for Film Project Management/Accounting
  • Suggested answer
    Khushbu Rajvi. Profile Picture
    Khushbu Rajvi. 11,083 Super User 2025 Season 1 on at
    Using Business Central for Film Project Management/Accounting
  • Suggested answer
    YUN ZHU Profile Picture
    YUN ZHU 79,517 Super User 2025 Season 1 on at
    Using Business Central for Film Project Management/Accounting
    I think there is nothing wrong with using the standard Project module, you just need to add a dummy customer in the Customers section.
     
    Hope this can give you some hints as well.
    Thanks.
    ZHU
  • Ramesh Kumar Profile Picture
    Ramesh Kumar 1,737 on at
    Using Business Central for Film Project Management/Accounting
    Ho Roger,
     
    Based on the requirement I think standard Business central should be good to setup and process the project account. Please find the below link from Business central documentation which might help you
     
     
    Thanks
    Ramesh
     
    If this helped you, please check the box Does this answer your question?
  • CU12121108-0 Profile Picture
    CU12121108-0 4 on at
    Using Business Central for Film Project Management/Accounting
    Hello Dynamics Community,
     
    Business Central is well-suited for managing film projects with these requirements. Set up each film as a Job in Business Central to track expenses, budgets, and report on Profit/Loss or Budget vs Actual. Use Job Task Lines to differentiate between research and development phases, aligning costs with capitalization or expense requirements. For Film Cost Capitalization and Amortization, configure Fixed Assets or General Journals to handle recognition criteria and impairment tracking. A specialized add-on like magis tv english alternative can complement your setup for advanced content-specific management, ensuring seamless workflows tailored for the film industry.
     
    Best Regards!!!
  • Suggested answer
    JAngle Profile Picture
    JAngle 63 on at
    RE: Using Business Central for Film Project Management/Accounting

    Might be worth looking at progressus psa appsource.microsoft.com/.../pubid.progressussoftware|aid.progressuseu|pappid.131f85d1-48f2-481c-8d5a-849b16e388e6

    Covers more than standard does for project accounting. Easier to push through ideas/suggestions than it is with Microsoft (terms of speed)

    The part where you don’t associate with a specific customer for instance. PSA let’s you have multiple customers per project so when you can record revenue you can add a new customer to that project

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