About on-account accrued revenue [AX 2012]

Updated: December 7, 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 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.


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

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