About WIP subscription accounts [AX 2012]

Updated: February 26, 2011

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

This topic provides an overview of how and where the WIP - Subscription account is applied and what parameter setup is required in the Line properties form. Use the account for accruing revenue that is then shown in the WIP statement.

Balance

License code

Configuration Key

Service

Subscription

Transaction type

Project type

Account type

Fee - subscription

Time and material

Balance

Subscription group - Accrued revenue for subscriptions can only be posted if the Accrue revenue check box in the Line properties form is selected on the subscription group that is attached to the subscription. Furthermore, accrued revenue cannot be posted until the invoice for the subscription has been posted.

Action

Effect

Invoicing

The WIP - subscription account is credited with the same amount by which Accrued revenue - subscription account is debited.

In this manner, the revenue is moved to the WIP balance sheet from where accrued revenue is posted to the Accrued revenue - subscription account.

Post accrued revenue

The WIP - subscription account is debited with the same amount that the Accrued revenue - subscription account is credited.

Reverse accrual

When an already-accrued transaction is selected for reversal, the WIP - subscription account is credited with the same amount that the Accrued revenue - subscription account is debited.


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).

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