Set up a ledger posting account for projects
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 specify the ledger accounts to which to post each type of project transaction in Microsoft Dynamics AX. When you set up a posting account, you can also do the following:
Create posting rules that apply to individual projects, project groups, or all projects.
Specify both a funding source and a category for transaction lines that you create for an individual project or a project group.
In Microsoft Dynamics AX 2012 R3 or cumulative update 6 or later for AX 2012 R2, assign a sales tax group to a main account. This process helps you to track transactions that are subject to a specific sales tax rate, and then report the total amount of transactions for the sales tax rate to a tax authority. For more information about how to assign a sales tax group to a main account for projects, see Ledger posting setup (form).
Complete the following procedure to set up a posting account:
Click Project management and accounting > Setup > Posting > Ledger posting setup.
In the Ledger posting setup form, on the Cost accounts or Revenue accounts tab, in the Select group, select the type of cost price account or sales price account that you want to set up. Then click Add.
In the first Valid for field, specify whether the line that you are creating applies to an individual project, a project group, or all projects.
If the line applies to an individual project, select Table.
If the line applies to a project group, select Group.
If the line applies to all projects, select All.
If you selected Table or Group in step 3, in the Project relation field, select the project ID or project group ID that this line applies to.
Optional: If you selected Table or Group in step 3, in the Funding source field, select the funding source that will be invoiced for the cost transactions that are identified by this line.
In the second Valid for field, specify whether the line that you are creating applies to an individual category, a category group, or all categories.
If the line applies to an individual project, select Table.
If the line applies to a project group, select Group.
If the line applies to all projects, select All.
If you selected Table or Group in step 6, in the Project relation field, select the category ID or category group ID that this line applies to.
Optional: In the Sales tax group field, select the applicable sales tax group for the transactions that are posted to the selected main account. By using this option, you can track sales amounts by sales tax rate, and then report the taxable sales to the tax authorities.
In the Main account field, select the account to which transactions are posted for the combination of project, category, and sales tax group that you selected.