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Project management Accounting in D365 live-3
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uh hi everyone welcome back again uh I
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found the root cause of that issue uh
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when we post the H joural AC approvals
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are not posting WAP approvals so
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the root cause of the issue is that when
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we posst the hover Journal currently it
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is booking only the project cost and
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payroll allocation account uh as I stoed
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in the previous uh
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session okay uh
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now I'll go to the project
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group we have mapped the uh default line
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property when I remove the default line
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property from
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here and saved
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it let's go and pause the H Journal
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now select the
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category 6
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hours
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mhm
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100
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[Music]
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200 so posted
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right let's go
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back to the posted transactions from the
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project screen under manage tab this is
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the one right 600 plus 12 sorry 600 uh
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cost price and sales pric is 12
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you so it is coming two lines only if we
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remove
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this and when I go
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here default line property I'm giving
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here the default line
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property I'm giving ACR Revenue W
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boosting let's again go back and save
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the
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project now I'll try to POS the
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journal
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lines
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he
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then
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and this is the one
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right
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see now we have the exact uh entry that
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we are looking for project cost debited
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and uh payroll location credited project
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WAP s value debited and project project
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recruit sale value
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credited that's the entry when we use
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use the W for
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posting
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okay we'll
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try to do in another way as
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well whether it will work or not will
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disable here from this
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point
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only line property level ACR revenues
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any
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okay
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posted manage T posted
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transactions from
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the
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see so it's not
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posted so it's correlated actually you
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need to enable
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the
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uh ACR Revenue at the project group
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level and uh ACR Revenue in the line
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property we'll check in the standard
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environment as well standard uh legal
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entity
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ussi when enable these things then it
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will post to the W
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codes
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ussi go to the project management
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accounting
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for
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so at this level also it's
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enabled so that's the that is one more
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thing that I want
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to share and let's we have posted the
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hover journals same way we can uh post
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the expense item and fee journals as
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well with W without
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WAP and let's create the invoice
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proposal
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now so as it is external project uh we
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can create the invoice proposal for time
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and material project I have selected all
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the hover journals which are uh posted
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uh for this
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project so I think while booking the
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invoice it will give you give us an
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error
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message because of uh setup is
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missing meanwhile I'll go
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there
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b so error message saying that uh no
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account is defined
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okay so this is because of uh one
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account is
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from uh customer point of view customer
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posting
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reference so when you do the invoice it
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will book to customer right so customer
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posting profiles I'm adding this and
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uh select the group of table and provide
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the group of customer account and create
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one sumary account for the
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customers
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okay this is one
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setup another one
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is project
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management
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the new
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codes I'm selecting
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any uh revenue account
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anyone just this one I'm taking which is
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wrong but for testing purpose I'm
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selecting
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that
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okay so posting profile one more error
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message saying that posting profile is
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not at the accounts receivable parameter
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level
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nothing here Leger and C
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STI
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so now try to post
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it so post
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it okay posted
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now you can see the invo journals from
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here this is the invo you booked for
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these many H journals this is the entry
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WAP accounts was reversed and
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uh so customer account this is uh not
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sorry Vue account and customer account I
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given the wrong account so that's why it
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is interest income but it is Project
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invoice
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Revenue
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okay
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so this is the thing invo
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booking now what I can show is that if I
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if you go to all customers
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that particular customer which we have
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created customer trap we have
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transactions and the transactions will
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have a open transaction of this
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much open invoice okay you can book uh
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payment from the
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aite from customer payment journal you
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can book the payment journal okay
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that's is the thing and uh if you want
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to post the expense journal and item
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Journal it is from the same way that we
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did for the uh internal
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projects and uh have fee Journal if you
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want to book the fee journal for this uh
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Journal name is not available right cck
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V details it is from the project
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management
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screen
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PPM P P it is Created from the project
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management
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module I'm giving the same V number
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which we created for the
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hover
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because of time
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constraint and the concept is same right
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so and category we don't have anything
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for uh Fe category so same way you can
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create the fee category from the
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category form project category form it
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will take you to the project category
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form and uh create the
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ID first right click on view
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details
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p
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p
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p
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p can be used in Project
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is okay
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select
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this category group also not defin for
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the free category so you can create that
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category group as
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well
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Fe select the type here
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if you want to select the line property
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you can select
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it sales
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price we have
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100 same similar way ENT will book uh it
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will be project
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cost fee Journal right posted
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transactions this is the fee journal or
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zero so ACR W sale value WAP sale value
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it's booked
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because of uh no cost
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amount if you want to post
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again fee Journal you can book it
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out
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okay so here only cost prices sorry sale
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price fee how much fee you are
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charging after
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booking it will be WP accounts let's
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show you one more
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thing uh go to the manage tab invoice
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proposal and Fe
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Journal select the F journal
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and cluse the invoice for the
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future
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entry so this is the entry that has been
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booked so w once which was previously
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booked that was uh reversed and uh
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invoice entry was posted if there is no
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wiip uh thing uh no entry will be posted
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at the time of project transactions only
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at the time of invo you will get the
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customer account and project revenue
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account okay
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so so else is
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spending entry level I think all like
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covered you can go and do the same thing
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for fixed price project as
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well
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pixel project will
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create
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I'll stop here maybe we'll uh come up
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with another topic fixed price project
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transactions and will'll do it again in
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the later
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episodes and we an we will analyze on
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these uh projects
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first all the topics which uh which I
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know
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uh okay I'll stop here we'll maybe in
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the next live section I'll come with
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new topic or Concept in the project
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management
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accounting so that we'll learn
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together okay thank
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you