About transaction types | Microsoft Docs

Transaction categories and category groups; Example; See also ... Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, ... Skiptomaincontent Thisbrowserisnolongersupported. UpgradetoMicrosoftEdgetotakeadvantageofthelatestfeatures,securityupdates,andtechnicalsupport. DownloadMicrosoftEdge Moreinfo Tableofcontents Exitfocusmode ReadinEnglish Save Tableofcontents ReadinEnglish Save Edit Twitter LinkedIn Facebook Email Tableofcontents Abouttransactiontypes Article 11/29/2021 3minutestoread 3contributors Isthispagehelpful? Yes No Anyadditionalfeedback? FeedbackwillbesenttoMicrosoft:Bypressingthesubmitbutton,yourfeedbackwillbeusedtoimproveMicrosoftproductsandservices.Privacypolicy. Submit Thankyou. Inthisarticle Important Thiscontentisarchivedandisnotbeingupdated.Forthelatestdocumentation,seeMicrosoftDynamics365productdocumentation.Forthelatestreleaseplans,seeDynamics365andMicrosoftPowerPlatformreleaseplans. AppliesTo:MicrosoftDynamicsAX2012R3,MicrosoftDynamicsAX2012R2,MicrosoftDynamicsAX2012FeaturePack,MicrosoftDynamicsAX2012 Afteraprojectiscreated,transactionsareenteredinjournalsorinproject-relatedforms.Theseformscanincludefreetextinvoices,purchaseorders,purchaserequisitions,orvendorinvoices. FourpredefinedtransactionstypesaresupportedinProjectmanagementandaccounting: Hour–Transactionsarelinkedtothefinancialcompensationofprojectworkers,suchasconsulting,installation,ordesign. Expense–Transactionsareassociatedwithaproject,unlessthetransactionsarerelatedtoitemsorcosts.Examplesincludetravelexpensesorvendorservices. Item–Transactionsarelinkedtoitemsthatarepurchasedforresale,andtoitemsthatareconsumedinaproject,suchaswhenacustomerpurchasesanewcomputerfortheprojectthroughthecompany. Fee–FixedrevenuesareassociatedwithaTimeandmaterialproject,suchasabonusfortheearlydeliveryofaprojectblueprintplanandbudget. Inadditiontothesetransactiontypes,on-accounttransactionsrepresentprepaymentsforaTimeandmaterialprojectorschedulepaymentsforFixed-priceprojects. Alltransactiontypeshavethefollowingcharacteristics: Thesystemsearchesfordefaultsalesandcostprices,andappliesthemtothetransaction.Thepricescanbeoverriddeninthejournal. Thesalestaxgroupistakenfromtheprojectorprojectcontract.Fornon-itemtransactions,theitemsalestaxisbasedonthespecifiedprojectcategory. Thelinepropertyforatransactionindicateswhethertherecordedtransactioncanbeinvoiced.ChargeablelinepropertiesapplyonlytoTimeandmaterialprojects. Hour,expense,andfeetransactionscanbevalidatedbythesystem.Thisletsyoucontrolhowprojecttransactionsarerecorded,bylimitingthevaluesavailableforworkers,projects,andcategoriesinjournalsandtimesheets. Projecttransactionsareusuallybothsummarizedbypostingtothegeneralledger,andmanagedintheprojectledger. Transactioncategoriesandcategorygroups InProjectmanagementandaccounting,youcancategorizerevenueandexpensesonprojectstocontrolpostingtothegeneralledger,andfordetailedreportingandanalysis.Bycategorizingexpensesandrevenuesseparatelyfromthegeneralledger,projectmanagerscangetadditionaldetailsaboutprojectperformance. Tomakeiteasierforcompaniestocategorizetransactiontypes,categoriesinMicrosoftDynamicsAXaresharedbetweenProductioncontrol,Travelandexpense,andProjectmanagementandaccounting.Tocreateanewcategorytousewithprojecttransactions,youmustfirstcreateitasasharedcategory. Categorygroupsletyoushareproperties,primarilypostingprofiles,betweenrelatedcategories.Atleastonecategorygroupmustbecreatedforeachtransactiontype,andeachprojectcategorymustbeassignedacategorygroup.Becauseprojectcategoriesareassignedtoasinglegroup,theyareassociatedwiththesametransactiontypeasthecategorygroup. Whenyouenteraprojectcategoryonatransactionline,thecategoryselectionislimitedtothecategoriesthataresetupandlinkedtothistransactiontype.Forexample,whenanexpensetransactionisentered,onlyexpensecategoriesareavailable. Example Youdefinetwocategorygroups,TravelandHotel.Eachcategorygrouphastwocategories.ThecategoriesfortheTravelcategorygroupareMileageandAirfare.ThecategoriesfortheHotelcategorygroupareWorkdayandWeekend. BothcategorygroupshavethetransactiontypeExpense.TheircategoriesalsohavethetransactiontypeExpense. Expense Travel Mileage Expense Travel Airfare Expense Hotel Weekend Expense Hotel Workday Seealso Createcategoriesandcategorygroupsforprojects Configuringcategorygroups,categories,andcosttemplates Aboutprojectcategorygroups Inthisarticle