Modify Reposting Rule
Explanation
Use this activity to add or modify reposting rules during the completion of a
project. The reposting rules are used as an alternative to repost capitalized
cost back to the original code strings, e.g. Cost of Goods Sold. If a partial
completion should be reported, it is necessary to modify the reposting rule.
Partial completion is however only possible for projects of type Capitalize
Rev/Exp, Capitalize Expenses and Capitalize Revenue, in combination with
capitalization posting method Periodical.
Prerequisites
The project to be completed must be of the type Capitalize Rev/Exp or
Capitalize Expenses, i.e. having capitalized cost.
System Effects
As stated above, the reposting rules are used as an alternative to repost
capitalized cost back to the original code strings. When a project completion
voucher is created, the reposting rule code strings will serve as counter
postings to the reversal of the cost capitalization postings.
Window
Projects,
Project
Related Window Descriptions
Projects, Project
Procedure
- If reposting rules are defined for the project to be completed, these
code strings will be presented automatically. These code strings can be
modified or deleted, as well as new code strings can be added.
- Any existing reposting rule will suggest 100% completion, i.e. the full
capitalized amount will be suggested. In order to do a partial completion,
the suggested amount or percent can be reduced. If so, a warning is given
when approving the project completion.
- If separate rules for General and Internal Ledger are used for the
project, reposting rules can be entered or modified separately for GL and
IL. These code strings will then be used for the separate GL and IL
vouchers.
- For projects of type Capitalize Rev/Exp or Capitalize Revenue, i.e.
projects with capitalized revenue, it is also possible to do a partial
revenue completion. This is however not controlled by the reposting rules.
Instead, this is achieved by reducing the presented amount in the
Completion Amount field in the Revenue Completion group box. The
counter posting to the reversal of capitalized revenue will then be taken
from posting control, using the set-up for posting type GP18 – Partial
Project Revenue Completion.