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About invoicing [AX 2012]

Updated: November 22, 2011

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

The project type determines which invoicing procedure should be applied. Only the two external project types, time-and-material and fixed-price projects, can be invoiced. Time-and-material projects and fixed-price projects are always attached to a project contract.

  • Fixed-price projects – The customer invoice amount is based on invoice billing schedules. Invoicing is performed through an on-account setup, also referred to as a billing schedule. Fixed-price projects can be invoiced per project or per project contract.

  • Time-and-material projects – The customer invoice amount is based on transaction lines that are entered on projects. Transactions can be invoiced per project or per project contract.

Time-and-material projects and fixed-price projects can be attached to the invoice projects as follows:

  • On-account invoicing – Time-and-material projects and fixed-price projects can be invoiced on account. Two different types of on-account setups are required for the two project types.

  • Invoicing in the periodic section – Through the periodic functions, transactions can be invoiced across projects. The periodic functions provide an overview of transactions to be invoiced.

  • By using credit notes in invoicing – A credit note can be created for both time-and-material projects and fixed-price projects.

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