This topic provides an overview of how and where the account is applied to profit and loss accounts and which parameter setup is required.
Availability
License code:
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Project I
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Configuration code:
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Basic (none)
How the
account is applied
The following table shows how the account is applied.
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Transaction type |
Project type |
Statement type |
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Parameter
dependencies
The project group must be selected in the post costs list on the tab.
Actions and
effects
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Post journal - If the project group is selected, the account is debited.
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Invoicing - When the transaction ledger status is or , the account is debited.
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Post costs - When transactions are moved from the transaction ledger status or to , the account is debited.
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Post estimate - For investment projects and fixed-price projects with the completed contract assessment principle, if you select the check box on the line property, the account is credited based on the posting of hours and expenses.
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Reverse estimate - For fixed-price projects with the completed contract assessment principle, if you select the check box on the line property, the account is debited based on the posting of hours and expenses.
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Elimination - For fixed-price projects with the completed contract assessment principle, if you select the check box on the line property, the account is debited based on the posting of hours and expenses.
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Reverse elimination - For fixed-price projects with the completed contract assessment principle, if you select the check box on the line property, the account is credited based on the posting of hours and expenses.
