In projects that have multiple funders, all parties that contribute to the funding of an advanced funding project are called funding sources. In Dynamics 365 Finance, you can split the billing for a single transaction or an entire project among multiple customers, grants, or organizations.
Some project contracts specify that multiple parties share the responsibility for funding the project costs. Therefore, you can split the billing among multiple funders, set up funding limits so that funding sources are not billed more than a specified amount, and configure funding rules for charging expenditures. The settings for a project contract apply to all projects and subprojects that are associated with that project contract.Ī project contract can specify one or more sources of funding. The project contract also helps guarantee a consistent invoicing procedure for every subproject in a project structure.Įvery project that will be invoiced must be associated with a project contract. You can change a project contract and the related project, but you can't change the project type.īy using a project contract, you can invoice one or more projects at the same time. The type of project that you create for a project contract determines the method that is used to invoice project customers. This article provides examples of the project contracts that you can create for various types of projects and funding sources, and how you can manage contracts and invoice project customers. For more information about these changes, see Dynamics 365 Licensing Guide.
Dynamics 365 Finance has evolved into purpose-built applications to help you manage specific business functions.