Notifications
Announcements
No record found.
Hi Team,
Could anyone help me in understanding gow to put beginnning balances of both TnM and FP projects through Project operations.
Regards
Gaurav Virdi
Could you open up your scenario a bit, please? In integrated and Lite deployments, T&M and FP projects start at 0 actual cost and revenue, unless time/expense entries are inherited from quote to order at order creation.
Hi,
Thankyou for your response.
We will be using the integrated version i.e., Project operations with FnO. Now, as on specific cut off date i want to put the balances of already booked cost, revenue & invoices against a project (both TnM & FP). In case of D365 FnO, this used to be done through "Beginning balance journal" where it will posted the transaction but does impact the financials in G/L Account. In the similar way, i wanted to understand how do we put the beginning balances through Project Operations.
Sigita // Sigita Cepaitiene (sorry for the double ping but I don't know which one you use :) ) would we log these via Journals in CE to then get them as UBS, Cost and Milestone Actuals to the integration journal and GL? These would need to be set with a Billing Type of Non-Chargeable, if we don't want them on an invoice, right? I'm not familiar with F&O's Beginning balance journal.
If the ask is how does it NOT affect the GL (as described here), then what's the approach in that case?
Hi Gaurav,
Beginning balances (BB's) only post to the project module making the use of them an easier way to migrate as you don't have to worry about the GL balances other than checking they match what you post through the BB journal. There is not currently any similar functionality within Project Operations to be able to load beginning balances as the point of data migration.
This means we just have to migrate historic project balances more along the lines of the other modules in F&O where you create the opening balances using journals that post into the GL and then remove the related TB balances to a migration account. However the migration journals would need to be posted from the CE side of the platform rather than F&O.
I've not yet tested how we then create the initial revenue recognition(|Estimate) catch up, as we cannot select on the Create Estimate form for it to point to "beginning balances" only to post the revenue already recognised from the legacy system. However I would guess we just run an estimate at the point of migration using the normal day to day settings which again would post to the GL so the respective balances would need to be posted to a migration account when the TB is brought over. This then becomes part of the cut-over activities whereas if you have BB functionality you can do this independently (i.e. post go-live) if you wish.
Hope that helps.
KR
Mark
You could use import of journal lines using journals in CE for project opening balances.
More info:
docs.microsoft.com/.../create-confirm-entry-journals
Under review
Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.
As AI tools become more common, we’re introducing a Responsible AI Use…
We are honored to recognize Neeraj Kumar as our Community Spotlight honoree for…
These are the community rock stars!
Stay up to date on forum activity by subscribing.
Martin Dráb 664 Most Valuable Professional
André Arnaud de Cal... 522 Super User 2025 Season 2
Sohaib Cheema 303 User Group Leader
