Posts Tagged ‘Project Management and Accounting’
Dynamics 365 – Managing Fees Transactions in Project Management and Accounting
This post will cover specific business scenarios related to the use of Fees transactions in the Project Management and Accounting area of Dynamics 365 for Finance and Operations (D365FO) typically applicable to Architecture, Engineering, Construction and other similar project-based industries. Here’s a quick summary of the Project Types in D365FO: Time and Material Fixed-Price Investment…
Read MoreDynamics 365 – Fulfill Project Resources On Tasks Past The Planned End Date
Exciting news for project source managers came with the spring release of D365 (release 8.0): it is now possible to fulfill resources on tasks past the planned end date for the task. A new Fulfill planned resource request option is available on the Resource fulfillment form (Project management and accounting > Project resources): While the…
Read MoreMicrosoft Dynamics 365 for Finance & Operations Enterprise Edition – On Account Project Statements
On account project statement is a list of un-invoiced transactions posted on a project. In both, Microsoft Dynamics AX 2012 and Dynamics 365, On account invoicing is only available for external project types. The functionality is used when a project invoice is generated for either a milestone completed (in both, Time and material and Fixed-price…
Read MoreProject Profit and Loss Reporting for Field Operations
One of the most challenging (and most rewarding) aspects of Field Operations is understanding when a particular project is over-budget or under budget and, more importantly – why? Whether you are running a business with a multitude of small projects or big ones, or even a mix of the two, the company’s overall profitability depends…
Read MoreIntercompany Expense Reports in Microsoft Dynamics AX 2012
A term Intercompany is used to describe activities that are conducted between two or more related internal legal entities with common control, i.e. in the same enterprise. It is a very common scenario that an employee submits an expense report that just lists all his or her expenses for a week or a month. Some…
Read MoreThe Meat and Potatoes of Dynamics 365 Service Subscriptions
Today, we are discussing Service Subscriptions in Microsoft Dynamics 365 for Operations (formerly known as Dynamics AX). Service Subscriptions are all around us as equipment maintenance, software as a service, television or phone service, fitness club memberships, financial services, and landscaping to name a few. A Service Subscription is used in Dynamics 365 to document…
Read MoreMicrosoft Dynamics AX Project Funding Limits and Rules (Part 2)
This blog is the second half of a series reviewing funding within a Project Contract (See part 1 here). In this section we will be reviewing funding limits and funding rules. A funding limit holds the amount of money each funding source has allocated to it. Funding rules tell the project transaction which funding source…
Read MoreMicrosoft Dynamics AX Project Profit and Loss Reporting
Ask anyone using project management or project accounting functionality what is the most important outputs of their ERP system is and many will tell you “to accurately calculate the Profit and Loss”. That is just what Dynamics AX allows you to do with their Project Profit and Loss Report. Managers can review their projects to…
Read MoreMicrosoft Dynamics AX Project WIP Analysis
While working with Time and Material Projects within Dynamics AX, Work In Progress (WIP) Reports provide much needed information about ongoing projects. For example, it is important to know how much material you have purchased for a project, but not yet invoiced or see where you are in invoicing relative to the transactions against your…
Read MoreMicrosoft Dynamics AX 2012 – Non-Conformance Reporting
A non-conformance is an unexpected event or deviation from specified requirements or procedures. When a non-conformance occurs it can lead to budget overruns, project delays, rework, unnecessary scrap of materials, decreased productivity or product recalls, just to name a few examples. In Microsoft Dynamics AX 2012, non-conformances are used to record and report anything that…
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