Enter Project Group
Explanation
Use this activity to enter information for a project group.
The term project group can be used in more than one way. For example, it
can be used for groups of projects of the same type and projects that must use
the same reposting rules. You can also use the project
group as a control type in the posting control. Applicable information entered
for the project group will be used as default
values when
new projects are created, based on a project group.
Prerequisites
The Project Accounting code part function must have been specified for one code
part in the Define Code String window. To be able to enter project series, these must have been specified in
the Project
Series window.
System Effects
As a result of this activity, you can enter information for a specified
project and connect it to the project group. All
applicable information will
be used as default values when new
projects are created.
Window
Project Groups
Related Window Descriptions
Project Groups
Procedure
- Create a new record.
- Enter an ID in the Project Group field and a corresponding description
in the field to the right.
- On the
Project Information tab, select the project type from
the Project Type list.
-
Enter the project series ID to enable automatic allotment of project IDs.
This value is required if the project is to be created from
IFS/Customer Orders.
- Save your changes.
- For project types Capitalize Exp and Capitalize Rev/Exp, you can
enter reposting rules in the lower portion of the window. When doing so,
create a new record.
- Save your changes.
For the project origin job, continue with the following steps:
- For projects with the project origin Job, you can enter information in
the
Job Information tab. Click the
Job Information
tab.
- Enter the user group and voucher type that will be used at project
completion.
- Select the Close at Final Invoicing check box if the job should
be closed automatically after final invoicing.
- Enter the User Group and Voucher Type.
- Select the Default Project Group for Jobs check box. This is
mandatory if the project is to be created from IFS/Customer Orders.
- Enter the POC method, project progress method, and the revision
accounting method to be used.
- Save your changes.
For the revenue recognition method POC Income First or POC Revenue First,
continue with the following steps:
- Select the Close at Final Invoicing check box if the job should
be closed automatically after final invoicing.
- Enter the User Group and Voucher Type.
- Select the Default Project Group for Jobs check box. This is
mandatory if the project is to be created from IFS/Customer Orders.
- Enter the POC method, project progress method, and the revision
accounting method to be used.
- Save your changes.