About WIP sales value accounts

Artikkeli
04/18/2014

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

This topic provides an overview of how and where the WIP - sales value account is applied and what parameter setup is required in the Project groups and Line properties forms.

Account type

Balance

Availability

License code	Configuration code
Project II	Work in process

How the account is applied

Transaction type	Project type	Statement type
Hour Item Expense Fee	Fixed-price Time and material	WIP

Parameter dependencies

For fixed-price projects, in the Project groups form, on the Estimate FastTab, select Sales value in the Matching principle field, and select Completed percentage in the Revenue recognition accounting rule form. For time and material projects, in the Line properties form, on the General FastTab, select the Accrue revenue check box.

Actions and effects

Action	Effect
Post journal	The account is debited on time and material projects if revenue is set to be accrued on the project group and the Accrue revenue check box is selected in the Line properties form.
Invoicing	The account is credited if accrued revenue exists on the transaction.
Post estimate	For fixed-price projects with the completed percentage revenue recognition accounting principle, the account is debited with a fee transaction that is created when an estimate is posted.
Reverse estimate	For fixed-price projects with the completed percentage revenue recognition accounting principle, the account is credited on the reversed fee transaction when the reversed estimate is posted.
Elimination	For fixed-price projects with the completed percentage revenue recognition accounting principle, the account is credited on the original fee transaction when the elimination is posted.
Reverse elimination	For fixed-price projects with the completed percentage revenue recognition accounting principle, the account is debited on the reversed fee transaction when the reversed elimination is posted.

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