Project Budgeting Questions
Most of the clients ask us these common questions on Project Accounting whether it is during a Pre-sales activity or during an implementation cycle. During a recent discussion in Dynamics GP partner forums , Andy Sather from Microsoft has given great answers to these questions. I thought I'll put the same here. Q1: In Dynamics GP Project Accounting Module, Can we have zero budgets defined? Q2: In Dynamics GP Project Accounting Module, Can we modify the Baseline Project Budget Amounts? A1 : The answer to Q1 is partly yes and partly no. We can have zero budgets if the the project type is "Time & Materials". We cannot have zero budgets for the other two project types, Cost Plus and Fixed Price. Time & materials projects are based on cost transaction amounts. So, We dont need to budget T&M projects at all. Fixed Price projects use the Baseline Billings amounts to bill off of. Whenever you make a change to the baseline, it will update the forecast and you are not g...