Enter Reposting Rule For Project
Explanation
Use this activity to enter a reposting rules for a project.
The process of setting up reposting rule will differ based on
the setting of Separate GL/IL Rules field on the project.
Prerequisites
Before reposting rule for a project can be entered, the following must have been
completed:
- The information on the project must have been entered.
- The project type on selected ledger must be either Capitalize Revenues/Expenses or Capitalize Expenses.
- The code part requirements must be Can or Mandatory for the code parts that are used in
the reposting rule.
- If Reposting Rule is for Internal Ledger, code parts has to be defined
as used in that internal ledger.
System Effects
As a result of this activity, the project will have the reposting rule
in each ledger when the project is completed.
- For project type Capitalize Revenues/Expenses, the voucher contains reverse
entries from the capitalization accounts. The projects capitalized revenues are
posted back to the original code strings. The projects capitalized costs
in each ledger are posted back in
accordance with the projects reposting rule defined for the ledger.
- For project type Capitalize Expenses, the voucher contains reverse entries
from the capitalization cost accounts. The project's capitalized costs in
each ledger are posted back in accordance
with the project's reposting rule defined for that ledger. Note that for this
project type, the revenues are not
capitalized.
If there is no reposting rule when it is completed, capitalized costs are posted back to the same code strings as the original costs.
Window
Project
Related Window Descriptions
Project
Procedure
Use the following procedure to specify a reposting rule
if Separate GL/IL Rules is not selected:
- Open Project window.
- Find the project for which you want to enter reposting rules.
- In the All Ledgers tab select the
Reposting Rules
sub tab.
- If your project has reposting rules from your
project group, those will be available for editing.
- To create new reposting rules, create a new record in
reposting rules. The code part names defined for the
company are displayed.
- Enter a Distribution Percentage and an Account. You can then enter information on the other code parts that have the
code part requirements Can or Mandatory.
- Repeat from step 6 again. If you need more than
one reposting rule, split them by using distribution percentage lower
than 100% in each row.
- Make sure the total of the distribution percentages is
equal to 100%.
- Save the information.
If Separate GL/IL Rules is selected, the same
process can be executed on the tabs General Ledger and
Internal Ledger (at step 3 of the above procedure).