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: The check box on the tab must be selected.

Actions and effects

Action

What happens

Post estimate

Fixed-price projects with the completed contract assessment principle: If there is a foreseeable loss on the project, the account is debited with an expense transaction. Investment projects: If the total capitalized cost exceeds the maximum capitalization, the account is debited with an expense transaction.

Reverse estimate

For investment projects and fixed-price projects with the completed contract assessment principle, the account is credited.

Elimination

For fixed-price projects with the completed contract assessment principle, the account is credited.

Reverse elimination

For fixed-price projects with the completed contract assessment principle, the account is debited.