About WIP cost value accounts [AX 2012]

Updated: February 22, 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 contains an overview of how and where the WIP - cost value account is applied and the parameter setup that is required in the Project groups and Line properties forms.

Balance

License code

Configuration code

Project II

Work in Process

Transaction type

Project type

Statement type

Hour

Time and material

WIP

Expense

Fixed-price

Consumption

Investment

In the Project groups form, on the Journalizing FastTab, select Balance in the Journalizing fields. In the Line properties form, on the General FastTab, select the Capitalize cost check box.

Action

Effect

Post journal

The account is debited if the transaction ledger status is Balance.

Post cost

If transactions are moved from the status No ledger or Profit and loss to Balance, the account is debited. If transactions are moved from the status Balance to Profit and loss or No ledger, the account is credited.

Invoicing

If the transaction ledger status is Balance, the account is credited when time and material project invoices are posted.

Post estimate

For investment projects and fixed-price projects with the completed contract revenue recognition accounting principle the account is credited when items, hours and expenses are posted if the Capitalize cost check box is selected in the Line properties form.

Reverse estimate

For investment projects and fixed-price projects with the completed contract revenue recognition accounting principle, the account is debited.

Eliminate

If the transaction ledger status is Balance, the account is credited.

Reverse elimination

If the transaction ledger status is Balance, 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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