Use this activity to enter information for a project in IFS Financials. If the selected project group is connected to a project number series, system creates project ID automatically.
Capitalization posting method and separate GL/IL rules will be defaulted from the project group.
Information should be entered/ modified in the Project Information, Reposting Rule, Revenue Recognition Information, Job Information and Project Totals tabs accordingly.
It is optional to enter information in the Job Information tab if the project origin of the project is Job. Default data will be fetched from the project group of the project, but it can be changed if required. Enable the Close Job on Final Invoicing option, if the job should be closed automatically after final invoicing.
Before detailed project information can be entered, the following must have been completed: