About WIP invoice on-account accounts
Important
This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012
You can create an on-account invoice for work in process (WIP) on a project. The amount that you select for the WIP invoice can be related to specific costs or to a specified percentage of the total contract amount. You can select an estimated amount on the invoice, and then reverse the estimate when you calculate the actual invoice amount earned on a project. For more information about how to create an on-account invoice, see Create on-account invoices for all projects.
Postings for an on-account invoice
Before you can create a WIP on-account invoice, you must select ledger accounts in the Project groups form to use for posting the invoice. The postings by project transaction type for an on-account invoice are shown in the following table.
Transaction |
Posting results |
|---|---|
Invoice |
The account is credited when you create an invoice for a Time and material project. |
Invoice on account |
The account is credited when you create an on-account invoice for a project. |
Post estimate |
The account is credited on Fixed-price projects if you select Profit and loss in the On-account invoicing field in the Project groups form. |
Reverse estimate |
The account is debited on Fixed-price projects if you select Profit and loss in the On-account invoicing field in the Project groups form. |
Eliminate |
The account is debited. |
Reverse elimination |
The account is credited. |
See also
Configuring work in process (WIP) accounts