![]() Because project categories are assigned to a single group, they are associated with the same transaction type as the category group. At least one category group must be created for each transaction type, and each project category must be assigned a category group. To create a new category to use with project transactions, you must first create it as a shared category.Ĭategory groups let you share properties, primarily posting profiles, between related categories. To make it easier for companies to categorize transaction types, categories in Microsoft Dynamics AX are shared between Production control, Travel and expense, and Project management and accounting. By categorizing expenses and revenues separately from the general ledger, project managers can get additional details about project performance. In Project management and accounting, you can categorize revenue and expenses on projects to control posting to the general ledger, and for detailed reporting and analysis. Transaction categories and category groups Project transactions are usually both summarized by posting to the general ledger, and managed in the project ledger. This lets you control how project transactions are recorded, by limiting the values available for workers, projects, and categories in journals and timesheets. ![]() Hour, expense, and fee transactions can be validated by the system. Chargeable line properties apply only to Time and material projects. The line property for a transaction indicates whether the recorded transaction can be invoiced. For non-item transactions, the item sales tax is based on the specified project category. The sales tax group is taken from the project or project contract. The prices can be overridden in the journal. The system searches for default sales and cost prices, and applies them to the transaction. ![]() In addition to these transaction types, on-account transactions represent prepayments for a Time and material project or schedule payments for Fixed-price projects.Īll transaction types have the following characteristics: Item – Transactions are linked to items that are purchased for resale, and to items that are consumed in a project, such as when a customer purchases a new computer for the project through the company.įee – Fixed revenues are associated with a Time and material project, such as a bonus for the early delivery of a project blueprint plan and budget. Examples include travel expenses or vendor services. Hour – Transactions are linked to the financial compensation of project workers, such as consulting, installation, or design.Įxpense – Transactions are associated with a project, unless the transactions are related to items or costs. These forms can include free text invoices, purchase orders, purchase requisitions, or vendor invoices.įour predefined transactions types are supported in Project management and accounting: For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.Īpplies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012Īfter a project is created, transactions are entered in journals or in project-related forms. ![]() For the latest documentation, see Microsoft Dynamics 365 product documentation. This content is archived and is not being updated.
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