About invoicing fixed-price projects [AX 2012]

Updated: November 11, 2011

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

Invoicing a fixed-price project consists of defining a billing schedule and performing the invoicing procedure.

You can invoice fixed-price projects on a billing schedule. You set up the billing schedule for the project in the On-account form. (Click Project management and accounting > Inquiries > Transactions > On-account.)

The billing schedule is defined in terms of one or more milestones for the project. You specify payment for each milestone in the On-account form.

For example, you can set up a billing schedule as follows:

  • 20 percent when the project contract is signed.

  • 30 percent on first delivery.

  • 15 percent on second delivery.

  • 35 percent on final delivery

When the milestone payments are ready to be invoiced, you apply the procedure for invoicing on-account amounts.

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