The following is an overview of how and where the account is applied and what parameter setup is required.
Account
type
Balance
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 projects, must be selected on the Post costs lists on the tab.
-
Line property: The check box on the tab in the window must be selected.
Actions and
effects
|
Action |
What happens |
|---|---|
|
Post journal |
When posting item journals, the account is debited if is selected on the project group. |
|
Post cost |
If transactions are moved from the status to the account is debited. If transactions are moved from the status to the account is credited. |
|
Invoicing |
The account is credited when time and material project invoices are posted provided that the transaction status is set to . |
|
Post 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. |
|
Reverse estimate |
For 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. For investment projects the account is debited on posting of items if the check box is selected on the line property. |
|
Elimination |
The account is credited. |
|
Reverse elimination |
The account is debited. |
