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 |
|---|---|---|
|
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|
|
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Parameter
dependencies
-
Project group: For time and material projects, the journal posting setting must be set to .
-
Line property: The check box on the tab in the window must be selected.
Actions and
effects
|
Action |
What happens |
|---|---|
|
Post journal |
The account is debited if the transaction ledger status is . |
|
Post cost |
If transactions are moved from the status or to , the account is debited. If transactions are moved from the status to or , the account is credited. |
|
Invoicing |
The account is credited when time and material project invoices are posted if the transaction ledger status is . |
|
Post estimate |
For investment projects and fixed-price projects with the completed contract assessment principle the account is credited on posting of items and expenses if the check box is selected on the line property. |
|
Reverse estimate |
For investment projects and fixed-price project with the completed contract assessment principle the account is debited. |
|
Elimination |
If the transaction ledger status is , the account is credited. |
|
Reverse elimination |
If the transaction ledger status is , the account is credited. |
