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