Construction Module & Project

Accounting

Create a project contract

Create a project
Create a project quote
Manager project forecast
Create and submit an original project
budget
Create and submit an original project
budget

Project Module Integration

Project Module Integration

Project management and accounting can be integrated
with the following modules and Microsoft programs:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.

Accounts payable
Accounts receivable
General ledger
Budgeting
Cost accounting
Fixed assets
Cash and bank management
Travel and expense
Compliance and internal controls
Human resources
Set up procurement and sales category defaults
Product information management

13.
14.
15.
16.
17.

Master planning
Production control
Inventory and warehouse management
Sales and marketing
Service management

Project Module Key Features

Project timesheets The timesheet comment functionality

and the start/end dates are much more user-friendly in AX
2012. Most importantly, users will be able to create and
manage favourites in Enterprise Portal allowing them to
create timesheets in much quicker fashion, improving both
user experience and productivity.

Advanced funding AX 2012 allows project funding to be

shared amongst any number of internal or external parties,
aligning your ERP configuration even closer with your actual
processes. Users will be able to set up funding limits for one
or more customers per category, category group or
transaction type.

Management of projects in Enterprise Portal Workers can

enter daily working hours in a much improved manner and
project managers can approve it directly in EP, which
significantly speeds up the process and increases worker

productivity.

Project budgeting Microsoft has taken budgeting to a new

level with major enhancements in this area in the AX 2012
version. Project budgeting will be available at the activity
level. Project budget revisions can be created at various levels
of the project and can be submitted for review and approval,
which once approved would trigger an immediate change to
the overall project budget. A complete history or audit trial of
the proposed, original, accepted (approved), and rejected
budget is available for review at any point of time. Original
budget can be created to define a budget at various levels in
the project hierarchy and it can be submitted for approval. It
can also be allocated over a period of time. The project
financial inquiry and the project financial status reports now
presents details of the project budget also. If you are working
on a multi-year project, you can carry forward project budget
at the end of the year

Project Module Key Features

Progress billing, estimates and revenue recognition the
introduction of these features addresses the critical issue of
ERP migration. When migrating from one ERP system to
another, data migration is a serious issue. Bringing in the
existing data into the new system is where all the hurdles arise.
For example, ensuring that revenue continues to be
recognized for the fixed price projects that are already
underway. Since revenue recognition depends on the
completion % of the project, the data must be migrated so
that both % of work completed (actual cost) and the
remaining work (cost to complete) are reflected in proper
accounts.

Cost accounting : In the Cost accounting module, you can
perform the following project-related tasks:

Specify that a category is available in the Project
management and accounting module when you set up a
cost category in the Cost categories form.

Integrate cost categories with projects if you create

budget model with a Flexible budgeting model
type in the Budget model form.

Select a service category that has been set up for
projects on the Service categories tab in the Cost
category setup form.

Project Module Integration

SharePoint Integration

SharePoint Integration

SharePoint Integration