Posting Types - Sub Contract Valuation

Introduction

Explained below are the posting controls used in the sub-contract valuation process. When processing a valuation, postings are created in 3 stages.

  1. Receive application
  2. Certify valuation
  3. Match supplier invoice with certificate

It should be noted that postings created when receiving the application, are fully reversed at the point of creating postings for certifying the valuation. Postings created when certifying the valuation are fully reversed when matching the supplier invoice.

Some of the above 3 stages and related postings may not be required based on the value in the Receive Application option on the sub contract default settings. The Receive Application option indicates whether a company wishes to go through the steps of receiving the application and then certifying the valuation or directly certify the valuation.

Posting Types

Posting Type Description Requires Ledger Account

SCV1

Received Sub Contract Application Cost

No

SCV2

Accrued Received Applications

Yes

SCV3

Certified Application Cost

No

SCV4

Accrued Certified Subcontract Applications

Yes

SCV5

Application Discount

No

SCV6

Application Deduction

No

SCV7

Application Retention

No

SCV8

Application Retention Released

No

SCV9

Certified Application Discount

No

SCV10

Certified Application Deduction

No

SCV11

Certified Application Retention

No

SCV12

Certified Application Retention Released

No

SCV13

Certificate Final Posting

No

SCV14

Certificate Discount Final Posting

No

SCV15 Certificate Deduction Final Posting No

SCV16

Certificate Retention Final Posting

No

SCV17

Certificate Retention Released Final Posting

No

 

Available Control Types

Control Type Description Data Controlled by
AC1 Fixed value IFS Accounting Rules
AC2 Pre posting IFS Accounting Rules
C31* Purchase Group for Purch Part Purchasing
C5 Site MPCCOM
IC1 Supplier Group Invoice
PRJC7 Project Program Project Reporting
SUBC1 Sub Contract Type Sub Contract
SUBC2 Sub Contract Category1 Sub Contract
SUBC3 Sub Contract Category2 Sub Contract
SUBC4* Sub Contract Item Type Sub Contract

* This control type can be used to control posting in the sub contract item level. A set of pre-defined item values, i.e., the item type and the purchase group of the item will be used as the control values. 

Allowed Combinations of Posting Types and Control Types 

Posting Type Description AC1 AC2 C31 C5 IC1 PRJC7 SUBC1 SUBC2 SUBC3 SUBC4

SCV1

Received Sub Contract Application Cost

X X X X X X X X

X

X

SCV2

Accrued Received Applications

X X - X X X X X

X

-

SCV3

Certified Application Cost

X X X X X X X X

X

X

SCV4

Accrued Certified Subcontract Applications

X X - X X X X X

X

-

SCV5

Application Discount

X X - X X X X X

X

-

SCV6

Application Deduction

X X - X X X X X

X

-

SCV7

Application Retention

X X - X X X X X

X

-

SCV8

Application Retention Released

X X - X X X X X

X

-

SCV9

Certified Application Discount

X X - X X X X X

X

-

SCV10

Certified Application Deduction

X X - X X X X X

X

-

SCV11

Certified Application Retention

X X - X X X X X

X

-

SCV12

Certified Application Retention Released

X X - X X X X X

X

-

SCV13

Certificate Final Posting

X X X X X X X X

X

X

SCV14

Certificate Discount Final Posting

X X - X X X X X

X

-

SCV15 Certificate Deduction Final Posting X X - X X X X X

X

-

SCV16

Certificate Retention Final Posting

X X - X X X X X

X

-

SCV17

Certificate Retention Released Final Posting

X X - X X X X X

X

-

 

Connections between Posting Types and Process Activities

Posting Type Posting Type Description Activity and Description of Use Debit /Credit Posting

SCV1

Received Sub Contract Application Cost

The cost identified when receiving an application is posted with this posting control.

SCV1 is also used when reversing the above posted received-application-cost at the point of certifying the valuation.

Costs are posted as a debit. A credit posting will be created on reversal.

SCV2

Accrued Received Applications

The preliminary accounts-payable amount identified when receiving application is posted with this posting control.

SCV2 is also used when reversing the above posted preliminary account-payable at the point of certifying the valuation.

Posted as a credit. A debit posting will be created on reversal.

SCV3

Certified Application Cost

The preliminary cost identified when certifying the valuation is posted with this posting control.

SCV3 is also used when reversing the above posted certified valuation cost at the point of matching with the supplier invoice.

Costs are posted as debit. A credit posting will be created on reversal.

SCV4

Accrued Certified Subcontract Applications

The preliminary accounts payable amount identified when certifying a valuation is posted with this posting control.

SCV4 is also used when reversing the above posted preliminary accounts-payable at the point of matching with the supplier invoice.

Posted as a credit. A debit posting will be created on reversal.

SCV5

Application Discount The discount amount identified when receiving an application is posted with this posting control.

SCV5 is also used when reversing the above posted received-application-discount at the point of certifying the valuation.

Posted as a credit. A debit posting will be created on reversal.

SCV6

Application Deduction The preliminary deduction amount identified when receiving an application is posted with this posting control.

SCV6 is also used when reversing the above posted receive-application-deductions at the point of certifying the valuation.

Posted as a credit. A debit posting will be created on reversal.

SCV7

Application Retention

The retention amount identified when receiving an application is posted with this posting control.

SCV7 is also used when reversing the above posted receive-application-retention at the point of certifying the valuation.

Posted as a credit. A debit posting will be created on reversal.

SCV8

Application Retention Released The preliminary retention release value identified when receiving an application is posted with this posting control.

SCV8 is also used when reversing the above posted receive-application-retention at the point of certifying the valuation.

Posted as a credit. A debit posting will be created on reversal.

SCV9

Certified Application Discount The preliminary discount amount identified when certifying a valuation is posted with this posting control.

SCV9  is also used when reversing the above posted certified-application-discount at the point of matching with the supplier invoice.

Posted as a credit. A debit posting will be created on reversal.

SCV10

Certified Application Deduction The preliminary deduction amount identified when certifying a valuation is posted with this posting control.

SCV10  is also used when reversing the above posted certified-application-deduction at the point of matching with the supplier invoice.

Posted as a credit. A debit posting will be created on reversal.

SCV11

Certified Application Retention The preliminary retention amount identified when certifying a valuation is posted with this posting control.

SCV11 is also used when reversing the above posted certified-application-retention at the point of matching with the supplier invoice.

Posted as a credit. A debit posting will be created on reversal.

SCV12

Certified Application Retention Released The preliminary retention release value identified when certifying a valuation is posted with this posting control.

SCV12 is also used when reversing the above posted retention-released-certified-valuation at the point of posting the matched supplier invoice.

Posted as a debit. A credit posting will be created on reversal.

SCV13

Certificate Final Posting The final sub contract cost will be posted with this posting control when posting a supplier invoice. Posted as a debit.

SCV14

Certificate Discount Final Posting The final discount amount will be posted with this posting control when posting a supplier invoice. Posted as a credit.
SCV15 Certificate Deduction Final Posting The final deduction amount will be posted with this posting control when posting a supplier invoice Posted as a credit.

SCV16

Certificate Retention Final Posting The final retention amount will be posted with this posting control at posting a supplier invoice. Posted as a credit.

SCV17

Certificate Retention Released Final Posting The final retention released amount will be posted with this posting control when  posting a supplier invoice. Posted as a debit.