About on-account accrued revenue

Important

This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.

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

You can accrue revenue on Fixed-price projects and on Time and material projects while a project is in progress. You do this by creating an on-account invoice. The amount of accrued revenue that you select can be related to specific costs or to a specified percentage of the total contract amount. You can post an estimated amount as accrued revenue, and then reverse the estimate when you calculate the actual revenue 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 accrue on-account revenue, you must select the ledger accounts to use for posting accrued revenue in the Project groups form. The following table shows postings by project transaction type for on-account accrued revenue.

Transaction type

Posting results

Post estimate

If you select On-account invoicing in the Profit and loss field of the Project groups form for Fixed-price projects, the selected account is debited, and the on-account invoice amount is posted to the balance sheet.

Reverse estimate

If you select On-account invoicing in the Profit and loss field of the Project groups form, the account is credited.

Eliminate

The account is credited.

Reverse elimination

The account is debited.

See also

About on-account invoicing

Create and post invoice proposals

On-account transactions (form)

Project groups (form)