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Integrate Business projects with the ERP system Microsoft Dynamics 365 for Finance and Operations


Whether it is based on a fixed, effort, cost: there are different ways of projects. With the job module at the Microsoft Dynamics 365 for finance and operations ERP system, all types of projects and jobs (from resource planning to invoice) could be fully represented in the norm.
A SUMMARY OF THE TYPES OF PROJECTS IN MICROSOFT DYNAMICS 365 FOR FINANCE AND OPERATIONS
The following project types can be delegated in the project  module of the Microsoft Dynamics 365 for finance and operations and Microsoft Dynamics AX ERP system.
They differ considerably in the way they are treated:
Effort Project:
With this type of project all expenses such as fees, items and hours are reserved for one job. These project bookings are then the client's responsibility. This occurs through the agreed charging periods for instance, at the end of a month, at the end of a quarter. Effort projects are the easiest because using a preliminary calculation system is not absolutely necessary to manage.
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Fixed price project
This type of job is based on a billing plan. Based on this program, a statement is received by the customer. These take place after the milestones specified have been reached or after the completion of the whole project. In order to track efforts, losses, and profits, a preliminary calculation function tracks and control the costs of this project module. Internal accounting can also be predicated on percentages when the project isn't linked to the achievement of milestones and is finished.
Investment project
This type of project is generally used for internal income is not generated by long-term and value-added projects that for a period of time. The expenses of hours and articles are recorded. Here, also, the prices are monitored and controlled with a pre-calculation function.

Cost projects
This type of project is used for short-term internal projects. As with all the investment project, only the prices of hours, things, and expenses are recorded here.
Internal projects
No sales are anticipated for internal projects (for instance the business of an event for workers). Costs incurred as working effort and time, are all recorded here.
Time projects
Hours are only recorded by this type of project. Most of the time, those are hourly bookings that cannot be invoiced or which are connected with ineffective actions (by way of example recording sick leave).
Easy to operate and  integration into other Modules
Integrating the project module with other Microsoft Dynamics AX / 365 modules that are easier. This offers you the ability to initiate and procedure business transactions that are upcoming directly from a project.
Financial integration
Integration into the module considerably facilitates the work. When project staff record expenditures hours, things or fees, they are posted to the general ledger accounts in financial accounting. This allows projects to be assessed in real-time in terms of prices and expected or future sales. They are therefore critical for any liquidity preparation.
Purchasing integration
If certain items are needed by a customer as part of the project, the requirements saved in the project module can be processed directly upon purchase. Here, at the end of the purchase request, a workflow could be launched
Integration Sales
Since in most cases the products are sold as a portion from the projects, shipping with all warehouse logistics maybe controlled directly from the projects. The products will then be invoiced in the project.
Integration production
If self-produced goods are sent as part of this project, full planning is possible via the project.
Integration of strength accounting
For jobs that produce lasting value (as an example, Purchasing a brand new machine, the building of a warehouse, etc.), that is transferred directly to adjusted assets (investment module at Microsoft Dynamics 365 for finance and operations) after the project is finished.
CONCLUSION
Establish the type of project, plan employees and Resources, schedules and define tasks: each of the measures, together with the job module relevant to your projects may be delegated right in the ERP system of Microsoft Dynamics 365 for operations and finance. The scope of the layout is enormous and enables variations to plan and implement a job - and project Controller is also mapped in the ERP system. Besides the mobile recording the integration of the project, of working hours and performance measures  with modules in Microsoft Dynamics 365 is a special benefit. In this way, workflows and tasks for business processes could be launched directly in the job - and your own projects become even more effective.

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