About WIP subscription 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
This topic provides an overview of how and where the WIP - Subscription account is applied and what parameter setup is required in the Line properties form. Use the account for accruing revenue that is then shown in the WIP statement.
Account type
Balance
Availability
License code |
Configuration Key |
|---|---|
Service |
Subscription |
How the account is applied
Transaction type |
Project type |
Account type |
|---|---|---|
Fee - subscription |
Time and material |
Balance |
Parameter dependencies
Subscription group - Accrued revenue for subscriptions can only be posted if the Accrue revenue check box in the Line properties form is selected on the subscription group that is attached to the subscription. Furthermore, accrued revenue cannot be posted until the invoice for the subscription has been posted.
Actions and effects
Action |
Effect |
|---|---|
Invoicing |
The WIP - subscription account is credited with the same amount by which Accrued revenue - subscription account is debited. In this manner, the revenue is moved to the WIP balance sheet from where accrued revenue is posted to the Accrued revenue - subscription account. |
Post accrued revenue |
The WIP - subscription account is debited with the same amount that the Accrued revenue - subscription account is credited. |
Reverse accrual |
When an already-accrued transaction is selected for reversal, the WIP - subscription account is credited with the same amount that the Accrued revenue - subscription account is debited. |