Only the cost for item, hour and expense can be recorded for such type.Investment projects are the type of project that do not produce immediate earnings, they are typically used for long term internal projects in which cost has to be capitalized.
Revenue for such type of project can be calculated by using In such type of projects, the invoicing consist of on-account transaction, these projects are invoiced according to the billing schedule that is dependent on project contract. These cost includes Hour, Item, Fee and Expense. In time and material projects, the customer is billed for all the cost that are incurred on a project. However, before we start our main topic, lets just discuss as what is this Project accounting and management? What is the need of this module in AX 2012?So, answer is very simple, as it reflects from the name "accounting and management", so the module is designed to manage the operation and to control the costing of the project, we use this module to manage, plan, create, control and complete the project. As we explore this module further, we need to understand the different types of project that can be created based on actual needs and requirements, here are some core available standard types of projects
Today we will discuss about the project types and the purpose of having such types and their utilization.
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