Export (0) Print
Expand All

About project beginning balances [AX 2012]

Updated: September 28, 2012

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

By entering beginning balance transactions, you can transfer projects to Microsoft Dynamics AX without affecting the general ledger. For example, if you have been tracking a project offline or in another program, you can migrate the project to Microsoft Dynamics AX, specify a beginning balance, and then continue to track the project information. You can also use a beginning balance journal if you have been recording project costs and revenues in Microsoft Dynamics AX, but have not recorded details in Project management and accounting and now want to track project details.

Example

In Microsoft Dynamics AX, in the Sales price (hour) form, you create sales prices for project 9012 as described in the following table.

Effective date

Category

Worker

Project

Currency

Sales price model

Pricing

June 10, 2011

Service

AWA

9012

EUR

Quantity

10.00

June 10, 2011

Service

AMO

9012

EUR

Quantity

15.00

June 12, 2011

Service

AMO

9012

EUR

Quantity

20.00

In Microsoft Dynamics AX, in the Hour journal, enter a line for worker AWA for project 9012. The effective date is June 11, 2011, and the category is Service. EUR 10.00 is automatically inserted as the sales price in the journal line. Now enter a line for worker AMO for the same effective date and category. EUR 15.00 is inserted into the hour journal line.

On June 15, 2011, add another line for AMO. The new price EUR 20.00 is inserted because effective June 12, 2011, this is the valid price. However, when you perform the same action for worker AWA, the sales price remains at EUR 10.00 because no sales prices with more recent effective dates have been created for worker AWA.

NoteNote

A beginning balance transaction cannot be adjusted in the way other transaction types are. Beginning balance transactions do not need to be adjusted because they do not have an impact on the general ledger. Instead, to change the beginning balance in a project, you can enter another beginning balance journal that has a negative amount. This adjusts the overall beginning balance.


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).
Was this page helpful?
(1500 characters remaining)
Thank you for your feedback

Community Additions

ADD
Show:
© 2014 Microsoft