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.