Project Accounting

Dynamics AX - Projects

Be more Profitable and have more Control of your Projects:

  • Project Hierarchies with cost control
  • Quotations, Estimates and Budgets
  • Revenue Recognition and WIP with Accrual
  • Integration to Microsoft Project Server
  • Resource Time Management

Project Accounting

Streamline project management and give your people the tools they need to complete projects on time and on budget. Project Accounting in Microsoft Dynamics AX simplifies project management by providing project controls, a full financial overview, and real-time integration with supply chain and financial management processes.

The Microsoft Dynamics AX Projects module provides a strong platform to help you control project finances. It supports a wide range of functions and empowers your company to meet the challenges of growth, while giving you the insight into your business you need to succeed in an increasingly competitive global environment. 

Microsoft Dynamics AX is an all-in-one solution that gives you real-time connectivity across your business in one integrated application. The Microsoft Dynamics AX Projects module exchanges business information with many other functional areas in the solution, including Accounts Receivable, Accounts Payable, General Ledger and Enterprise Portal to improve your overall business performance.

DynamicFit also offers Vertical Solutions for Project Based Organisations.

  • Functionality includes:

    • Project Finances and invoicing
    • Project Cost Control
    • Project Hierarchies
    • Project budgets
    • Forecasts
    • Quotations and Estimates
    • Project Enquiries and reports
    • Time scheduling
    • Internal projects
    • Time & Material Projects
    • Fixed Price projects
    • Validation controls
    • Revenue recognition and work in progress WIP
    • Integration with Production
    • Accrual
    • Project Contracts
    • Consultant self service portal
    • Integration with Microsoft Office Project Server.
  • Benefits Include:

    • Control project costs and reporting.

      Quickly analyse the financial performance of internal and external projects. Compare resources consumed and revenue earned for each project budget in real time.

    • Monitor profitability with revenue recognition.

      Use revenue recognition and work in progress (WIP) to manage profitability during a project, including the ability to free revenue from an invoice based on when the work was  completed, and realize accruals during a general ledger period, such as time and materials.

    • Manage costs and planning using project hierarchies.

      Evaluate and understand projects by breaking down project data into smaller components for costs and resources. Use the scheduling and management capabilities of Microsoft® Office Project to improve resource management for projects of all sizes.

    • Set up and manage project quotations effectively.

      Set up project quotations by identifying tasks and specifying load capacity. Schedule tasks for work centre groups, administer budgets, and monitor status to anticipate and avoid potential delays.