Hi,
We are using AX 2012 R2. I have a question about posting Estimations
In the Project groups, i have created a group “FP” which has the following setup
Under Journalising all are P&L
Under Invoicing, On-account invoicing is Balance
Revenue recognition principle is Completed percentage
Matching principle is Sales Value
I posted some Expenses and an Invoice
For the Invoice, it
Debited the Customer and
Credited the Account which i had mentioned in the “Project-WIP invoiced- on account”
Upto here i am OK
Later i did post an estimation
System posted a new entry
Debiting Project - WIP - sales value
Crediting Project - accrued revenue - sales value
What I was expecting, System would
Debit Project-WIP invoiced- on account
Credit Revenue account which I had mentioned under Invoiced Revenue
Please share your views
Regards
Thomas Philipose