Whats new in project accounting and management in Microsoft Dynamics 365 for Operations (AX7)

Project accounting is a unique practice; like cost accounting or nonprofit accounting, it has complexities an accountant may never have heard of while earning a CPA.

Among them is earned value management, a practice common to professional services firms, like architectural, engineering and construction (AEC) firms, and software development companies. The idea is to measure the value you have generated for the client versus the budget you have or have not spent. For example, an architectural design produces considerable value, even if it is early in a project lifecycle and lower cost than construction work.

While there are specialized project accounting solutions for a range of industries, Dynamics 365 for Operations also offers rich project functionality, and the rest of this article will explore some of the most important areas.


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About Rahul Mohta

Rahul Mohta is one of the advisory members of Real Dynamics.  He has cultivated diverse and rich experiences working with global Dynamics AX customers and partners, enabling them to realize the full value of their ERP platforms. Rahul's 15 years of experience spans across multiple geographies (Americas, Europe, Asia, India) and multiple domains - Financials, Supply Chain, Distribution, Manufacturing, Warehousing, Retail and Professional Services. Prior to joining Real Dynamics, he played consulting roles for Microsoft and Infosys. For more information on Real Dynamics services, please contact us at info@realdynamics.com.

To learn more about the author, visit: https://in.linkedin.com/in/rahulmohta

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About Yogesh Kasat

Yogesh Kasat is one of the founding members of Real Dynamics. For more than 10 years he has worked as a Solution Architect and other leadership roles on numerous Dynamics AX implementations, taking several large engagements to successful completion. For more information on Real Dynamics services, please contact us at info@realdynamics.com

To learn more about the author, visit: https://www.linkedin.com/in/yogeshkasat 

Real Dynamics is one of the first Microsoft Dynamics AX IV&Vs (Independent Verification and Validation services provider). Our goal is to help businesses and their internal IT teams take their Dynamics AX implementation to the next level with independent and unbiased recommendations. "Where were you before? I wish we had found you sooner!" - This is something we hear a lot as we uncover opportunities for customers to realize the true potential of their Dynamics AX investments.

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Thanks !

Nice overview, thanks !!

I also noticed the possibility to:
- (soft) book a project role first
- replace the booked project role by a named resource

Christian Boodts.

Appreciate feedback

Thank you Christian for the feedback and kind words.
Noted the additional points suggested by you.



You're welcome :)