Thank you for the webcast. Just a question regarding scenario 2: if you have like a 1000 contracts = 1000 sales orders then at the end of the month the whole sales departement needs to go throw all sales orders in order to post invoices with the risk of forgetting to bill certain sales orders.
Typically what you see is that those sales invoices must be posted and send automatically to customer at the end of the month.
When you are using scenario 2, i dont think there is any way to automate this, right?
Hello Joris, This is also my understanding and one of the reasons for making this post; i.e. to motivate users adding ideas for improvement on the MS ideas/experience site 😉 Best regards, Ludwig
Hi Dhruv, My understanding is that there will be some enhancements in regards to the payment / accrual functionality. Please have a look at the roadmap and MS announcements. In the meantime you can use either the project module functionalities or the service module subscription feature. Best regards, Ludwig
Has created a sales order for a T&M project. Lines that do not require revenue accrued are shown in the Project Statement under Invoiced and revenue, as expected. Lines that is accrue are not displayed and posted.
Can you get accrued sales order lines on the project?
Best regard Peter
If you work with Fixed Price Projects you should be able to do that easily. For T&M projects you probably have to use the revenue rec. or subscription billing module.
Thanks , Please share URL for the resource (URL in background slide )
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Hello Ahmed, I think, you must refer to the following one: https://youtu.be/AmM9FgkcCYw Best regards, Ludwig
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Right , Please share other URLs you have minished it on background slide . Thanks in advance.
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This is the 2nd one: https://youtu.be/w39r6hHiI9s
This is no 3:
This is no 4:
http://d365tour.com/en/microsoft-dynamics-d365o/finance-d365fo-en/revenue-recognition-scheduling/
Best regards,
Ludwig
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Thank you for the webcast. Just a question regarding scenario 2: if you have like a 1000 contracts = 1000 sales orders then at the end of the month the whole sales departement needs to go throw all sales orders in order to post invoices with the risk of forgetting to bill certain sales orders.
Typically what you see is that those sales invoices must be posted and send automatically to customer at the end of the month.
When you are using scenario 2, i dont think there is any way to automate this, right?
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Hello Joris, This is also my understanding and one of the reasons for making this post; i.e. to motivate users adding ideas for improvement on the MS ideas/experience site 😉 Best regards, Ludwig
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Hi Ludwig,
Can we achieve Accrued Revenue postings from this functionality ?
Eg.
1. Lease contract to pay 3000 at end of each quarter.
Entries to be posted at end of each month:
Accrued Debtor DR 1000
Revenue CR 1000
Then Quarter End, when we invoice the complete 3000
Accrued Debtor CR 3000
Debtor DR 3000
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Hi Dhruv, My understanding is that there will be some enhancements in regards to the payment / accrual functionality. Please have a look at the roadmap and MS announcements. In the meantime you can use either the project module functionalities or the service module subscription feature. Best regards, Ludwig
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Hi Ludwig
Has created a sales order for a T&M project. Lines that do not require revenue accrued are shown in the Project Statement under Invoiced and revenue, as expected. Lines that is accrue are not displayed and posted.
Can you get accrued sales order lines on the project?
Best regard Peter
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Hello Peter,
Have you checked out those MS docs sites already?
https://docs.microsoft.com/en-us/dynamics365/finance/accounts-receivable/revenue-recognition-overview
Best regards,
Ludwig
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Hi Ludwig, how does IFRS 15 and Revenue Recognition work with Project Accounting in D365?
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If you work with Fixed Price Projects you should be able to do that easily. For T&M projects you probably have to use the revenue rec. or subscription billing module.
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