Define Cost Code Rules
Explanation
This activity is
used to define how the company use cost code rules for financial transactions.
It is possible to define cost codes that are to be used for Work in Progress
(WIP) handling.
When the cost codes rules has been defined, a cost code will be updated on the
work task transaction when cost or hours are reported. The control type C106 -
Work Task Cost has to be defined in Accounting Rules Posting Control to generare
the expected postings on the work task transaction.
This is to be performed by a system administrator or equivalent person as per
the requirement and it is possible to define several rules over time.
Prerequisites
In order to perform this activity:
- The company must exist in IFS Financials.
- Cost codes must have been defined.
- To retrive the postings associated with the cost code defined in the cost
code rules, the control type C106 - Work Task Cost Code has to be setup in
Posting Control for each posting type.
System Effects
As a result of this activity:
- Given information will be displayed in the window. It is possible to change the information except the cost code.
- When reportig cost or hours on the work task, the resulting work task transaction
will retrive a cost code based on the cost code rules.
Window
Work Task Cost Code Rules
Related Window Descriptions
Work Task Cost Code Rules
Procedure
To perform this activity, follow these steps:
- Open the Work Task Cost Code Rules window.
- Create a new line (F5).
- In the Cost Code field, use List of Values to select the required Cost Code.
- Enter the required selection criteria, by selecting the options; Yes, No
or No value.
- Enter the Valid From date
.
- Optionally, Enter the Valid Until date
.- Enter the Evaluation Order
.
- Optionally, enter a WIP cost code, by using a List of Value and select a
WIP cost code in the WIP Code field, a WIP Reversal Condition, WIP Reversal Date
, if required.
- Save the information.
- If required, continue to enter and configure the cost codes.