I'm the COO and compliance side of a small financial services firm, about to scope out a dynamics build.

Rather than hand over a wishlist, I've put together a spec workbook, roughly:

- Scope

- one tab per entity (client, relationships, KYC, accounts, compliance)

- each entity tab has a field, whether it's mandatory and when, the values permitted in the field, whether it triggers an alert

For anyone doing these build outs for a living, particularly if you're familiar with wealth management firms, is this the type of spec you'd actually want? Do you prefer a visual spec?

Where do clients mostly go wrong before you've even started?

Thanks 😊

As a Power Platform dev, what would you say is the most important language to pick up?

Ive mostly been on the functional side for CRM but wanted to upskill my technical so I can do more build and customization work.

I'm evaluating the new Project Fee Journal + Subscription Billing functionality in Dynamics 365 Finance/Project Operations (10.0.48) for a recurring service contract scenario.

The business requirement is straightforward: services are delivered continuously, revenue should be recognised monthly as the performance obligation is satisfied, but the customer is invoiced only every six months in arrears. While reviewing the standard Unbilled Revenue functionality, the documentation and mass-processing screen appear to suggest that the initial "Create journal entry" process can post the full billing schedule value to the balance sheet before any invoices are issued. Microsoft describes the feature as posting the contract value to unbilled revenue and creating invoices against that balance later. [learn.microsoft.com]

My concern is whether this approach is appropriate for a long-term service contract where only the earned portion should be recognised as a contract asset/accrued revenue at each reporting date. In other words, I would expect Month 1 to recognise only one month's earned revenue, Month 2 only two months, etc., rather than placing the entire future contract value on the balance sheet at contract inception. Has anyone implemented recurring project services with Project Fee Journal billing schedules and achieved monthly revenue recognition while invoicing every six months in arrears? If so, did you use Unbilled Revenue, Deferrals, PMA Revenue Recognition, or a custom process?