How to decide license purchase in Dynamics AX, Project I or Project II

Module	Heading	Features
Project I	Cost & Internal Projects	Access to cost projects and internal projects hours, items, and expenses can be registered to cost projects and internal projects. Cost and internal project check boxes in all Project, Category, and Employee/Item reports.(Project > Reports > Project, Category, Employee/Item) Fixed-price check boxes in all Validation reports (Project > Reports > Setup > Validation). Cost hours can only be applied to Profit & loss accounts. Internal hours can be posted to Profit & loss, Balance, and No ledger accounts and can be moved between them.
Project I	Expense	The Journals section and all related forms beneath it. Forms: Expense transaction forms (Projects > Transactions > Expense) (Inquiries > Transactions > Expense) (Inquiries > Forecast > Expense) (Setup > Journals > Default offset accounts) (Setup > Prices > Cost price - Expense) Check Boxes: Create adjustment transactions (Projects > Functions > Adjustment > Select) Create invoice proposals Add lines (Projects > Invoice > Invoice proposal) Post costs (Projects > Inquiry) Accrue revenue (Periodic > Time and material) (Periodic > Budget) Project reports Category reports Employee/Item reports Validation reports (Reports > Project > Category > Employee/Item > Validation) (Setup > Prices > Sales price - Expense) Invoice proposal (Projects > Invoice)   Tabs: General tab in Journals section in the General ledger section (General ledger > Journals > General journal) Project tab in Journal voucher in the Accounts payable section (Accounts payable > Journals > Invoices > Invoice journal > Line) Invoice proposal Invoice Journal   Report: (Reports > Base data > Prices)   Account types and journal types: Project account and Offset account in the General ledger section   (General ledger > Journals > General journal > Journal voucher > Overview tab) Project - Expenses journal in the General ledger section (General ledger > Setup > Journals > Journal names)
Project I	Fees	Forms: Fee transaction forms (Projects > Transactions > Fee) (Inquiries > Report > Fee) (Journals> Fee) Reports: Sales price - Fee (Reports > Base data > Prices) Check boxes: Fee check boxes in the following dialog boxes and reports: Create adjustment transactions (Functions > Adjustment > Select) Create invoice proposals Create on-account proposals Add lines (Projects > Invoice > Invoice proposal) Accrue revenue (Periodic > Time and material) Time and material Project Category Employee/Item Validation (Reports > Project > Category > ID > Validation) Copy budget Delete budget (Periodic > Budget)
Project I	Forecast	Forms: Forecast models (Setup > Forecast models) (Inquiries > Forecast)   Buttons: Forecast (Projects) (Project contracts) (Estimate projects) (Setup > Category > Categories) (Projects > Inquiry > Statistics) (Estimate projects > Functions > Estimate > Cost Estimate)   Menu Items: Forecast (Inquiries > Forecast) (Periodic > Budget and all forms underneath Budget) (Inquiries > Forecast)   Reports Project - Actual vs. budget and all reports under that folder. (Reports > Project > Project - Actual vs. budget) (Reports > Category > Category - Actual vs. Budget) (Reports > Employee/Item > Actual vs. Budget) Project - Budget transactions (Reports > Project > Miscellaneous > Project - Budget transactions) Category - Budget transactions (Reports > Category > Miscellaneous > Category - Budget transactions) Employee/Item - Budget transactions (Reports > Employee/Item > Miscellaneous > Employee/Item - Budget transactions)
Project I	Hours	Forms: Journals and all related forms that are beneath it. (Journals > Hours) Journal approval (Setup > Journals > Journal approval) Cost price Sales price (Setup > Prices) Activities (Projects > Activities) Hours transaction forms (Projects > Transactions > Hours) (Inquiries > Forecast > Hours)   Reports: Ledger reconciliation - Payroll allocation Ledger updates - Payroll allocation (Employee - Hour rate > Employee - Hour rate > Employee - Hour rate > Employee - Hour rate) Project - Payroll allocation (Reports > Project) (Reports > Project > Project - 2 periods) (Reports > Project > Project - Actual vs. budget) Project - Hour rate (Reports > Project > Miscellaneous) Category - Payroll allocation (Reports > Category) (Reports > Category > Category - 2 periods) (Reports > Category > Category - Actual vs. Budget) Category - Hour rate (Reports > Category > Miscellaneous) Employee - Payroll allocation Employee - Hour rate (Reports > Employee/Item) (Reports > Employee/Item > Employee/Item - 2 periods) (Reports > Employee/Item > Actual vs. Budget) Cost price - Hour Sales price - Hour (Reports > Base data > Setup > Prices) Transactions - Hour (Reports > Transactions) Time sheet missing Journal approval (Reports > Hour) Invoice journal On-account invoice schedule (Reports > Invoice)   Fields and check boxes: Show start/end times field (Setup > Parameters > Journals > Default journal names group) Hour field (Setup > Parameters > Journals > Default journal names) Period code field (Employee > Setup) Statistics Invoice Control (Projects > Inquiry) Hour check boxes in the following dialog boxes and reports: Create adjustment transactions dialog box (Projects > Functions > Adjustment > Select) Create invoice proposals dialog box Create on-account proposals dialog box Add lines dialog box (Projects > Invoice > Invoice proposal) Post costs dialog box Accrue revenue dialog box (Periodic > Time and material) Copy budget Delete budget (Periodic > Budget) Project report Category report Employee/Item report Validation report (Reports > Project > Category > Employee/Item > Validation) Time check boxes in the following reports under: Project Category Employee/Item (Reports > Project > Category > Employee/Item) Project - Consumption (Reports > Project) Category - Consumption Create and update package appearances (Reports > Category) Employee/Item - Consumption (Reports > Employee/Item)   Field contents: Hours transaction (Setup > Category > Categories > Transactions)
Project I	On Account	Form: On account (Projects > Invoice > On account) (Inquiries > Transactions > On account) (Inquiries > Forecast > On account)   Dialog box: Create on-account proposals (Projects > Invoice > Invoice proposal > Create on-account) Check boxes: On account check boxes in all Project, Category and Employee/Item reports (Reports, Project) (Reports, Category) (Reports, Employee/Item) Copy budget Delete budget (Periodic, Budget) Reports Reports (Projects, Inquiry)   Reports: Ledger updates - On account (General ledger > Reports > Reconciliation > Project > Transaction) Project - On account (Reports > Project)   Account type: The following account that is set up in the Ledger posting form is controlled by this configuration key: About WIP invoice on-account accounts About on-account invoiced revenue
Project I	Project Server Integration	This configuration key allows you to integrate the Project section of Microsoft Dynamics AX with Microsoft Office Project Server. With this key enabled, you can integrate projects, employees, and tasks from Microsoft Dynamics AX into Office Project. You can also integrate projects, tasks, and resources in Office Project into Microsoft Dynamics AX. The two systems can be synchronized so that changes made in one system will be reflected in the other system.
Project I	Time & Material	Forms Journal (Journals > Fee) Post costs and Accrue revenue (Periodic > Time and material) Statistics Invoice Control (Projects > Inquiry WIP on time and material project (Setup > Forecast models > Project) The fee journal is used only for fee transactions that are entered on time and material projects.   Tabs: Tax fields under the Setup tab. (Journals > Expense, Fee, Item)   Fields and field groups: Item sales tax group method (Setup > Parameters > Financial tab) Fee journal names option (Setup > Parameters > Journals tab) Sales currency fields (Journals > Expense, Fee, Item) Time and material field group (Project group form) The time and material fields control accrued revenue on transaction posting.   Check boxes: Time and material check boxes in the following reports: Project, Category and Employee/Item reports (Reports > Project, Category, Employee/Item) Validation reports (Reports > Base data > Setup > Validation)   Buttons: Create invoice (Invoice proposal form)
Project II	Cash flow	The cash flow configuration key enables you to monitor both the forecasted and actual cash flow of a project. With this key enabled, you can monitor the forecasted and actual cash flow of a project as it is progressing or as soon as it has been completed. You can select to evaluate a single project or use the reporting functionality to view multiple projects. This configuration key also enables you to transfer the cash flow to the cash flow forecasts in Microsoft Dynamics AX General ledger.
Project II	Cost control	This configuration key enables the cost control feature in the Project section. With the cost control configuration key enabled, you can use the cost control feature to monitor the costs that your company incurs during projects.
Project II	Estimate Projects	The estimate feature is applied to: Calculate cost estimates on fixed-price projects. Calculate the percentage of completion on fixed-price projects. Features enabled by the Estimate Projects key Areas affected   Forms: Cost template (Setup > Category > Cost template) The cost template is the basis for calculating cost estimates and a percentage of completion.   Dialog box: Estimate dialog boxes (Periodic > Estimate > Create, Calculate, Delete, Post, Reverse, Eliminate, and Reverse elimination). Jobs for creating and maintaining estimates.   Tab page: Estimate (Setup > Posting > Project group).   Button: Estimate button and the features accessed from this button. (Estimate projects > Functions). Process estimates on fixed-price projects.   Reports: Estimate list Estimate list (Reports > Estimate).
Project II	Fixed-Price	The fixed-price project type can be applied. Fixed-price projects are set up with a fixed contract amount and can be posted according to the completed percentage principle or according to the completed contract principle.   Forms Estimate (Projects > Functions > Estimate)     Check boxes: Fixed-price check boxes in all Project, Category, and Employee/Item reports Fixed-price check boxes in all Validation reports (Reports > Project > Category > Employee/Item > Validation)     Reports: Closing profile (Reports > Estimate > Fixed-price) Backlog - Profit & loss Backlog - On account   Estimate > Backlog Won projects - Profit & loss Estimate - Hour rate (Reports > Estimate > Fixed-price) Remarks
Project II	Investment	Investment projects are projects with no immediate earnings. Only cost of items, hours, and expenses can be registered on an investment project. The estimate feature is applied to track and control costs. The costs can then be posted to the WIP accounts in the balance sheet during the project. When the project is eliminated, the value is transferred to a fixed asset, a ledger account, or to a new project as an expense transaction.   Features enabled by the Investment configuration key Areas affected Comments   Check boxes: All Investment check boxes in Project, Category, and Employee/Item reports. Drop down lists for project-type fields also include an Investment option for selection.   Remarks To allow the use of investment projects with provisions for foreseeable losses, the Expense configuration key must be enabled. If the total estimate costs on an investment project exceed the maximum capitalization limit, the loss is taken immediately, and an expense transaction is created.
Project II	WIP	That cost and revenue that are entered on external projects, time and material, and fixed-price, is recognized within the same account period on the profit and loss account.   The Work in Progress (WIP) feature is irrelevant to a company if costs and revenue that are entered on external projects are recognized at the same time. If all fixed-price projects are processed on a short-time basis, and invoicing of time and material projects follows the account periods, then the WIP feature does not have to be enabled.   Features enabled by the Work in Progress key Areas affected Comments Post costs and Accrue revenue (Periodic > Time and material) Estimate projects All transaction inquiry forms (Inquiries, Transactions) When these two forms, Post costs and Accrue revenue, have been enabled by the WIP configuration key, then Time and material projects are also enabled because they are a part of Post costs and Accrue revenue.   Reports: Ledger reconciliation - WIP Reconciliation - WIP accounts (General ledger, Reports, Reconciliation, Project) Ledger updates - WIP (General ledger, Reports, Reconciliation, Project, Transaction) Project - WIP(Reports, Project) Category - WIP (Reports, Category) Employee/Item - WIP (Reports, Employee/Item)     Account types: The major parts of the accounts, listed below, are set up in the Ledger posting form. They are controlled by this configuration key: About WIP cost value accounts About WIP cost value item accounts About accrued loss About accrued revenue through production About WIP production accounts About accrued revenue through profit About WIP profit accounts About WIP accrued loss accounts About on-account accrued revenue About sales value and accrued revenue About WIP sales value accounts About item cost These accounts are used for handling WIP.   Remarks The WIP accounts are balance sheet accounts in General ledger.