fixed price projects

Dynamics 365 For Operations Tip: Vendor Prepayments and Revenue Recognition for Fixed Price Projects

Hello, Good to be back here on the blog !!! Jumping straight into the topic here today about a new addition of a feature for vendor prepayments in relation with fixed price project revenue recognition !! Issuing large amounts of prepayments to vendors is often a common business requirement for large scale, long-term fixed price projects, which involves a lot…

Dynamics AX Tip: Percentage complete calculation for revenue recognition, based on WBS Work Percentage Complete for fixed price projects

Traditionally, the 2 primary methods of revenue recognition for a fixed price project were the “Completed Percentage” and the “Completed Contract” methods. I have explained how these work in Dynamics AX for revenue recognition of fixed price projects in my earlier posts. With the AX 2012 R3 release (CU 10), the straight line method for…