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.