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 on the project. If Separate GL/IL Rules is selected,
user should define separate reposting rules for General Ledger and Internal
Ledger.
When performing this activity;
- Enter the distribution percentage and code part values to which the
capitalized costs should be posted at project completion.
- You are allowed to enter multiple reposting rules but the total distribution
percentage for all must be equal to 100%.
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 project’s
capitalized revenues are posted back to the original code strings. The project’s
capitalized costs in each ledger are posted back in accordance with the
project’s 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.