Finance & Operations
Product receipt postings with and without Item Requirement on the Project
Item requirements NOT used on the project When the Item requirements are not used on the Project, then at the time of Project PO…
Tag: postings
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…