Finance & Operations
Item setup with respect to Procurement category and Project Category.
Item to Procurement category relation Many items can be a part of single Procurement category. This relation can be obtained by attaching each item…
Category: Finance & Operations
Finance & Operations
Project postings with Billing Rule
When Progress Billing Rules are used on the Time and Materials project, then the following things should be kept in mind: 1. The postings…
Finance & Operations
On account postings with respect to BS and PNL
On account set to à PNL Revenue is posted to à Invoiced – On account (CR) Accounting entry is as follows: CR Invoiced…
Finance & Operations
Item requirement and Project PO receipt postings on project
Out of the box, whenever the project PO is receipted (Product receipt posted), the accrual transactions are posted on the GL (General Ledger) level…
Finance & Operations
Dimensions on Project and Project Contract
Dimensions on the Project: Department – 001 Cost Center – 002 Dimensions on the Project contract: Department – 001Cost Center – 003 Dimensions on…