Posting example 5 - fixed-price project [AX 2012]

Updated: November 11, 2011

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

The following tables provide an example of posting a fixed-price project.

Project group parameters

Revenue recognition accounting rule

Matching principle

On-account invoicing

Completed percentage

Sales value

Profit and loss

Tip Tip

These project group parameters are set up on the Estimate FastTab in the Project groups form. Click Project management and accounting > Setup > Posting > Project groups.

Statement P&L

Positive amount

Jul

Aug

Sept

Oct

Nov

Dec

Total

Invoiced revenue - on account

Credit

80,000

0

50,000

0

70,000

0

200,000

Accrued revenue - sales value

Credit

0

0

0

0

0

0

0

Revenue

80,000

0

50,000

0

70,000

0

200,000

Cost

Debit

12,000

30,000

24,000

36,000

18,000

0

120,000

Gross margin

68,000

-30,000

26,000

-36,000

52,000

0

80,000

Statement WIP (balance)

Positive amount

Jul

Aug

Sept

Oct

Nov

Dec

Total

WIP - sales value

Debit

0

0

0

0

0

0

0

Net WIP

0

0

0

0

0

0

0

Statement P&L

Positive amount

Jul

Aug

Sept

Oct

Nov

Dec

Total

Invoiced revenue - on account

Credit

0

0

0

0

0

0

0

Accrued revenue - sales value

Credit

-60,000

50,000

10,000

-60,000

40,000

0

0

Cost

Debit

0

0

0

0

0

0

0

Statement WIP (balance)

Positive amount

Jul

Aug

Sept

Oct

Nov

Dec

Total

WIP - sales value

Debit

60,000

-50,000

-10,000

60,000

-40,000

0

0

Statement P&L

Positive amount

Jul

Aug

Sept

Oct

Nov

Dec

Total

Invoiced revenue - on account

80,000

0

50,000

0

70,000

0

200,000

Accrued revenue - sales value

Credit

-60,000

50,000

-10,000

60,000

-40,000

0

0

Revenue

20,000

50,000

40,000

60,000

30,000

0

200,000

Cost

Debit

12,000

30,000

24,000

36,000

18,000

0

120,000

Gross margin

8,000

20,000

16,000

24,000

12,000

0

80,000

Statement WIP (balance)

Positive amount

Jul

Aug

Sept

Oct

Nov

Dec

Total

WIP - sales value

Debit

-60,000

50,000

-10,000

60,000

-40,000

0

0

Net WIP

-60,000

50,000

-10,000

60,000

-40,000

0

0


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