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 time and material project groups, the journal posting setting for item costs must be .

Actions and effects

Action

What happens

Post journal

The account is credited when is selected in the list for the project group.

Invoicing

The account is debited when the transaction ledger status is .

Post costs

The account is debited when transactions are moved from the transaction ledger status of to the transaction status of . The account is credited when transactions are moved from transaction ledger status of to the transaction ledger status of .

Post estimate

For investment projects and fixed-price projects with the completed contract assessment principle, the account is credited on posting of items if the check box is selected on the line property.

Reverse estimate

For investment projects and fixed-price projects with the completed contract assessment principle, the account is debited on posting of items if the check box is selected on the line property.

Elimination

The account is credited on fixed-price projects.

Reverse elimination

The account is debited on fixed-price projects.