About WIP invoice on-account accounts [AX 2012]

Updated: December 6, 2011

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

You can create an on-account invoice for work in process (WIP) on a project. The amount that you select for the WIP invoice can be related to specific costs or to a specified percentage of the total contract amount. You can select an estimated amount on the invoice, and then reverse the estimate when you calculate the actual invoice amount earned on a project. For more information about how to create an on-account invoice, see Create on-account invoices for all projects.

Before you can create a WIP on-account invoice, you must select ledger accounts in the Project groups form to use for posting the invoice. The postings by project transaction type for an on-account invoice are shown in the following table.

Transaction

Posting results

Invoice

The account is credited when you create an invoice for a Time and material project.

Invoice on account

The account is credited when you create an on-account invoice for a project.

Post estimate

The account is credited on Fixed-price projects if you select Profit and loss in the On-account invoicing field in the Project groups form.

Reverse estimate

The account is debited on Fixed-price projects if you select Profit and loss in the On-account invoicing field in the Project groups form.

Eliminate

The account is debited.

Reverse elimination

The account is credited.


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

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