Use this activity to complete a project, fully or partially. Partial completion is only possible if certain criteria are met. See the Modify Reposting Rule activity for more information.
Before you execute the project completion, the project must exist and have status Active or Partially Completed. All voucher rows related to the project must also be updated to the General Ledger.
If the project origin is Project, i.e. created from the IFS Project module, the project must be completed there before the financial project completion can be executed.
For projects of types Capitalize Rev/Exp, Capitalize Expenses and Capitalize Revenue, a voucher is created with postings from the capitalization accounts that go back to the original cost and revenue accounts, or to the cost reposting code strings defined for the project. A voucher type which belongs to the function group P - Project Transactions will be used. The project completion date is set to today’s date, but the voucher date can be modified. The voucher is placed in the hold table for updating. A message appears acknowledging completion of the processing.
If separate rules for General and Internal Ledger are used for the project, separate GL and IL vouchers will be created. Completing projects of type No Capitalization or Project as Code Part will not create any vouchers.