Specify the invoice frequency for an existing project contract
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
The invoice frequency that is specified for a project contract is one of two factors that determine the sales payment date on a forecast. The other factor, for time-and-material projects only, is the number of buffer days that are allowed as a grace period. Buffer days are set up in the Project management and accounting parameters form.
The invoice frequency plus the number of buffer days determine when a sales payment is due.
Note
You can specify the invoice frequency in the Project contracts form.
Click Project management and accounting > Common > Projects > Project contracts.
Select the project contract for which you want to define an invoice frequency.
On the Action Pane, on the Project contract tab, click Edit.
On the General FastTab, in the Invoice frequency field, select an invoice frequency.
Daily – The invoice date of forecasts is set to the project date.
Weekly – The invoice date of forecasts is set to the first Sunday after the project date.
Monthly – The invoice date of forecasts is set to the end of the current month, according to the project date.
Quarterly – The invoice date of forecasts is set to the end of the current quarter, according to the project date.
Yearly – The invoice date of forecasts is set to the end of the current year, according to the project date.
End of project – The invoice date of forecasts is set to the end date of the project.
See also
Set buffer days for sales payments