PMA

Project
Setup

Feature	Functional Description	Technical Description
Project Creation & Setup	Create and manage projects with financial and operational attributes.	Project master data managed in Finance with project groups and lifecycle states.
Project Types	Support Fixed-Price, Time & Material, Cost, and Internal projects.	Project type configuration controls revenue recognition and posting logic.
Project Groups	Define accounting rules and posting behavior by project category.	Project group configuration drives ledger postings and cost/revenue flows.

Project
Planning

Feature	Functional Description	Technical Description
Project Forecasts	Estimate costs, revenues, and hours before project execution.	Forecast models stored in project forecast tables with versioning.
Budgeting & Estimates	Create approved project budgets and cost baselines.	Budget and estimate entities linked to project and cost categories.
Work Breakdown Structure (WBS)	Structure project work into phases, tasks, and activities.	Hierarchical task structure stored in project plan tables.

Resource
Management

Feature	Functional Description	Technical Description
Resource Assignment	Assign workers and roles to project tasks.	Worker and role entities linked to project tasks and schedules.
Resource Skills & Roles	Ensure appropriate skills and roles are used for project execution.	Role-based costing and billing rates defined in Finance.

Time
Management

Feature	Functional Description	Technical Description
Time Entry	Capture time worked by employees and contractors.	Timesheet entries with line-level validation and posting profiles.
Timesheet Approval	Review and approve submitted timesheets.	Workflow-driven approval process with audit trail.

Expense
Management

Feature	Functional Description	Technical Description
Project Expenses	Record project-related expenses for reimbursement or billing.	Expense transactions linked to projects and financial dimensions.
Expense Approval	Approve and post project expenses.	Expense workflows integrated with ledger posting.

Cost
Management

Feature	Functional Description	Technical Description
Project Cost Transactions	Track actual costs incurred against projects.	Cost transactions posted to project subledgers and General Ledger.
Cost Accruals	Accrue costs prior to invoice receipt or payroll finalization.	Automated accrual postings based on project policies.

Revenue
Management

Feature	Functional Description	Technical Description
Revenue Recognition	Recognize project revenue according to accounting rules.	Revenue recognition models compliant with IFRS/GAAP.
Fixed-Price Revenue Allocation	Allocate revenue across milestones and periods.	Allocation keys and milestone-based posting logic.
Time & Material Billing	Invoice customers based on actual time and expenses.	Automated invoice proposal generation from project transactions.

Billing

Feature	Functional Description	Technical Description
Project Invoicing	Generate and post customer invoices.	Invoice proposals converted to posted invoices in Accounts Receivable.
Milestone Billing	Bill customers based on completed milestones.	Milestone rules triggering invoice creation.
On-Account Transactions	Manage advance payments and pre-billing.	On-account postings with future settlement capability.

Project
Accounting

Feature	Functional Description	Technical Description
Project Subledger	Maintain detailed project-level financial records.	Separate project subledger integrated with General Ledger.
Financial Dimensions	Analyze projects across departments, cost centers, and regions.	Financial dimensions embedded in all project postings.

Monitoring &
Control

Feature	Functional Description	Technical Description
Project Actuals vs Budget	Track project performance against approved budgets.	Real-time variance calculations from forecast vs actual data.
Project Profitability Analysis	Monitor margins and financial health of projects.	Margin analysis using cost and revenue aggregation.

Analytics &
Reporting

Feature	Functional Description	Technical Description
Project Accounting Reports	Produce standard and custom project financial reports.	Built-in reports and Power BI integration.
Work in Progress (WIP)	Track unbilled and deferred project values.	WIP calculations based on project group rules.

Financial
Close

Feature	Functional Description	Technical Description
Period Close for Projects	Support accurate project postings during financial close.	Project-aware close processes in Finance.

Integration

Feature	Functional Description	Technical Description
General Ledger Integration	Post all project transactions to the General Ledger.	Automated posting via posting profiles and dimensions.
Accounts Receivable Integration	Link project billing to customer invoicing.	Shared customer and invoice entities.
Accounts Payable Integration	Track project costs from vendor invoices.	Vendor invoice linkage to project cost categories.
Dynamics 365 Project Operations	Seamless integration with Project Ops for execution scenarios.	Dual-write integration between Dataverse and Finance.

Automation

Feature	Functional Description	Technical Description
Workflow Automation	Automate approvals for time, expenses, and invoices.	Native workflow engine in Finance.

Extensibility

Feature	Functional Description	Technical Description
Custom Cost Controls	Extend project accounting rules and validations.	Finance extensibility using X++ extensions.

Security

Feature	Functional Description	Technical Description
Role-Based Access Control	Secure project financial data and operations.	Security roles, duties, and privileges in Finance.

Compliance

Feature	Functional Description	Technical Description
Audit & Governance	Maintain compliance and traceability of project transactions.	Audit logs, posting traceability, and change history.

Scalability

Feature	Functional Description	Technical Description
Enterprise Project Accounting	Support large-scale, multi-entity project accounting.	Azure-based Finance architecture with high-volume processing.