Recognize CC, POC project revenue in the contract currency
You know what I am talking about. The "estimated" revenue is always posted in the local accounting currency.
- If a "Percentage of Completion" or a "Completed Contract" fixed fee project has 2 milestones where the second milestone is billed at the end upon the project acceptance,
Parallel project valuation: CC & POC method
Hi,
International operating companies often have to follow the CC accounting method to comply with local GAAP regulations while group accounting rules require the use of the POC accounting method.
Problem:
Project module does not know parallel value models / valuation stru...
Thank you for your feedback. Currently this is not in our roadmap; however, we are tracking it and if we get more feedback and votes, we may consider it in the future.
Sincerely, Annette Bruer, PM, Microsoft
How to post multiple revenue account for fixed price projects
While posting revenue recognition for 2 different project categories/Category group, it should hit 2 different revenue recognition based on the project categories/ category group. However currently it is posting to one revenue account.
Accrued Revenue settlement in FP Project
in Fixed Price Project, On posting the estimates for FP Project system Debit the WIP-Invoiced on account A/C and Credit - Accrued Revenue - Sales Values A/C, but the accrued revenue account doesn't get settled on closing the project Logically the accrued revenue amount should be reversed on posti...
Multiple capitalisaton of a project
In the current D365 F&O version an investment project can be capitalised only once. This is still an important constrain for many clients so far and would be wonderful to add this functionality, specially when our competitors technologies are able to deal with that. Scenarios: 1. Projects ...
Thank you for the suggestion! This has been added to our backlog and will be considered for a future release.
Regards,
Kim Nelson
Program Manager, Project management and accounting
Microsoft
Default description for project elimination and estimation does not exist
Default description for project elimination and estimation does not exist. As consequence there is no voucher text for these transactions. Voucher description provided business information to user but also for audit report that help to understand content.
Thank you for the suggestion! This has been added to our roadmap and will be considered for a future release.
Regards,
Kim Nelson
Program Manager, Project management and accounting
Microsoft
Leverage Actuals when migrating fully invoiced billing milestones at cutover
Currently, migrating fully invoiced billing milestones at cutover requires the creation of billing milestones and a confirmed proforma invoice. This is either a tedious manual process or requires very advanced knowledge of programmatically creating milestones and calling relevant actions to cr...
Post revenue recognition batch job should skip the errors and post the validated revenue lines
The post-revenue recognition batch job currently takes over an hour to post revenue in GL. However, if validation isn't completed, the job fails, causing delays in month-end closing procedures. The request is to modify the batch job so that it completes without errors and instead moves any err...
Project Operations Estimates should be accurate and reflect billing setup . Non chargeable elements should be excluded from sales estimate calculation which doesnt happen today
Project Estimates is a great tool for forecasting and budgetting. It is important that project estimate reflect accurate costs and revenue anticipated on the project
If these are not accurate all reporting will be incorrect in the system as Actuals v/s forecast v/s budgets won...
When user runs the Project elimination for multiple projects. If any project has an error system stops the entire process
Description: The issue is with Project elimination for multiple projects.
When we are trying to do Project elimination for multiple projects. If any project has an error system, it stops the entire process.
Example: If we have 7 Projects suppose the errors occur in 3rd P...
Administrator
Thank you for your feedback. Currently this is not in our roadmap; however, we are tracking it and if we get more feedback and votes, we may consider it in the future.
Sincerely, Annette Bruer, PM
Microsoft