One of the most interesting new features of Dynamics AX 2012 r2, and one which was crucially missing in previous versions, is the ability to import then automatically reconcile bank statements.
Bank Reconciliation, when done manually, can be an extremely long and tedious process. Some studies show that automating this process can reduce time spent on it by 70%.So, when you do the math, the return on investment can be very quick !
Here’s the final post in the video series - Part 6 of Joel’s AX 2012 blog. In this video, Joel shows us how to create validations in Project setups which makes it easier for employees to fill in timesheets by having only relevant project information presented to them.
Series 5 of 6:
Here’s Part 5 of Joel’s AX 2012 video blog (see Video 1 , 2, 3 & 4). In this edition, Joel shows us how to create time and material prepayments and fixed priced milestone setups. Prepayments are sometimes required for time and material project invoicing and accounting; and milestones are always required for fixed price project invoicing. He tells us how these both aspects are handled very similarly in Dynamics AX.
Series 4 of 6:
Fourth in the Project setup series, this video explains how to set up - ‘Hourly Sales price’. Joel demonstrates how to set up billing rates at a worker and project level as well as how exceptions (such as discount pricing) can be setup based on set parameters.
Series 3 of 6:
Here’s Part 3 of Joel’s AX 2012 video blog (see Video 1 & Video 2). Here Joel shows us how to create and manage the Work Breakdown Structure (WBS) and activities in AX 2012. On how activities can be used to further divide costs and revenue for a project, and how WBS is also used with activity based Resource planning.