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Project Management and Accounting (AX 2012)

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308 views4 pages

Project Management and Accounting (AX 2012)

abc

Uploaded by

Praveen Kumar
Copyright
© © All Rights Reserved
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2resn017 Project management an accourting (AX 2012), Project management and accounting [AX 2012] Updated: October 6, 2014 Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012 Use Project management and accounting to plan, create, manage, control and complete projects for your organization, Customer-focused projects can be set up on a time and materials or fixed-price basis. You can also use the module to manage costs for internal and investment projects. You can create project quotations that can be converted to projects. You create project cont cts with one or more funding sources that will be invoiced for project costs and fees. Funding sources can include customers, internal organizations, and grants, A project contract can have one or more projects assigned to it. Each project that you create can have one or more subprojects and activities that comprise the project work structure. For flexible project planning, you can integrate the project management and accounting module with Microsoft Project Server. You can cteate and monitor project budgets for cost control. Employees and contractors can enter project timesheets and expense reports to record project-related time and expenses. You can cteate service industry-focused projects that consist primarily of worker services by drawing on features such as contract management, quotations, budgeting, project policies, project parameters, and categories, You can assign attributes for project skills and experience to workers. You can also search for and assign workers to a project based on worker skills and availabilty, or based on the requirements for a project. You can assign indirect costs, define the calculations for indirect cost amounts, and allocate indirect costs to a project. Indirect, costs are calculated based on worker hours that are added to a project, You can record invoiced amounts that are retained by a customer until the progress on a project reaches an agreed-upon stage. You can also retain a percentage of vendor invoices until you confirm the quality of work by a vendor who is a subcontractor on a project, or until you receive payment from a customer or other funding source. You can set up billing rules that track progress on a project, and define when and how to calculate customer invoice amounts for advances, project milestones, completed units, amounts retained by customers, and administrative fees. Project managers can view reports that provide project details and analyze project financials from a variety of perspectives. Business processes hips:technet micros comfen-usfibaryhh242752 aspx we 2resn017 Project management and accounting AX 2012) Project management and accounting a Initiate project Create, send and confirm quctation Cheste projet contract Create project and ‘work Breakfown reste projet forecasts nd budgets ‘Assign workers ane Categories ——> Execute project. = = — Analyze project Manage project, work Breakdown Analyze cash fow sructure Manege project Review costs forecast ane budget Emtertime ang expenses Procure products ‘and services Process projact, Recognize revenue ‘and capitalize costs analyze performance Review invoices ‘Analyze utilization .loz9,oliminate ot conver project Project management and accounting at a glance Important tasks Create a project contract Primary forms Project management and accounting parameters (form) Create a project Create a project quotation Manage project forecasts Create and submit an original project budget Create and post invoice proposals hitps:technet micros comfen-usfibaryhh242752 aspx Project quotation (form) Estimate projects (form) Project contracts (form) Projects (form) Create invoice proposals (class form) Popular reports Project cash flow report (ProjCashFlowProject) Project profit and loss report (ProjProfitLossProj) Project WIP report (ProjWIPProj) Category hour utilization - billable rate report (ProjBillUtiICategory) Worker hour utilization - billable rate report (ProjeillUtilEmp!) 2resn017 Project management and accounting (AX 2012) Invoice proposals (form) Integration of Project management and accounting Project management and accounting can be integrated with the following modules and Microsoft programs: * Accounts payable Accounts receivable © General ledger * Budgeting © Cost accounting © Fixed assets * Cash and bank management © Travel and expense * Compliance and intemal controls # Human resources © Setup procurement and sales category defaults for projects * Product information management # Master planning * Production control © Inventory management «Sales and marketing * Service management * Microsoft Project Server + Microsoft SQt Server Analysis Services + Microsoft SQL Server Reporting Services © Microsoft Excel © Microsoft Outlook See also hips:technet micros comfen-usfibaryhh242752 aspx 2resn017 Project management an accourting (AX 2012), Setting up and maintaining Project management and accounting Working with Project management and accounting Microsoft Dynamics AX reports Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS) Community Additions © 2017 Microsoft hips:technet micros comfen-usfibaryhh242752 aspx

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