The following is an overview of how and where the account is applied and what parameter setup is required.
Account
type
Profit and loss.
Availability
|
License code |
Configuration code |
|---|---|
|
Project II |
Work in process |
How the
account is applied
|
Transaction type |
Project type |
Statement type |
|---|---|---|
|
|
|
|
Parameter
dependencies
Project group: For fixed-price projects, must be selected on the list on the tab.
Actions and
effects
|
Action |
What happens |
|---|---|
|
Post estimate |
For fixed-price projects with the completed percentage assessment principle, the account is credited with a fee transaction that is created when an estimate is posted. |
|
Reverse estimate |
Fixed-price projects with the completed percentage assessment principle: When the reversed estimate is posted, the account is debited on the reversed fee transaction. |
|
Elimination |
Fixed-price projects with the completed contract assessment principle: When the elimination is posted, the account is credited on the original fee transaction. |
|
Reverse elimination |
Fixed-price projects with the completed contract assessment principle: When the reversed elimination is posted, the account is debited on the reversed fee transaction. |
