Introduction to Microsoft Dynamics AX Project Management and Accounting Add-in.

The Project Management and Accounting Add-in integrates with Project management and accounting and Human resources, so that you can manage projects that consist primarily of worker services. You can use the features for project management and accounting, such as contract management, quotations, budgeting, project policies, and project parameters and categories, together with the Project Management and Accounting Add-in.

Use the Project Management and Accounting Add-in to identify and schedule workers who have specific project experience, and to manage direct and indirect costs for service projects. You can also use the Project Management and Accounting Add-in to invoice customers for billing scenarios that are specific to the service industry, and to manage payments to vendors who are subcontractors on your projects.

Key Features

The Project Management and Accounting Add-in includes the following features:

• Other worker attributes – Assign attributes for project skills and experience to a worker. For more information, .
• Resource-based scheduling – Search for workers, and assign workers to projects when worker skills and availability match the requirements and schedules of the projects. For more information
• Project-based scheduling – Search for workers, and assign workers to projects, based on the requirements of the projects. For more information, .
• Resource-assignment analysis – View analyses of project activities by worker, by department, and by project. For more information.
• Indirect cost components – Identify indirect costs, define calculations for indirect cost amounts, and allocate indirect costs to a project. For more information.
• Define billing rules to calculate customer invoice amounts in the following scenarios:
  • Customer advance – Create a customer invoice before a project starts. For more information, see .
  • Project milestone – Create a customer invoice when a project activity is completed.
  • Per unit – Create a customer invoice when a specific unit of the project is delivered.
  • Customer retention – Create a customer invoice, but withhold part of the invoice amount until the project is completed.
  • Administrative fee – Create a customer invoice, and add an administrative fee that you and the customer have agreed on.
  • Customer payment retention release – Create a customer invoice when amounts that were retained by a customer are released by the customer. For more information, 
• Vendor payment retention – Retain part of a payment to a vendor. For example, you can retain a percentage of vendor invoices until you confirm the quality of the work that the vendor performed on a project. For more information about vendor payment retention,
• Pay when paid – Schedule payments to vendors when you receive payments from customers for projects. For more information about pay-when-paid projects, 

Before you begin to work in the Project Management and Accounting Add-in, set up parameters for project management and accounting.