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Tracking project costs in Dynamics 365 Financials.

Make a new Fixed price project and then after that allocate the budget to it.
Post vendor invoices, purchase orders, item journals for project to create a scenario for how these committed costs work here.
Define total budget and subcontracted labor.
Use the > Costs > Committed costs
Further management through: Project management and accounting parameters form and the Cost control form.

More info: Dynamics 365 Financials Training

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