Notes
Slide Show
Outline
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PROJECT ACCOUNTING
  • Basic Data and Requirements Lesson
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LEARNING OBJECTIVES
        • BY THE END OF THIS LESSON, YOU SHOULD KNOW:
  • How to set up the basic data needed for the accounting functions in Project Reporting.
  • PROJECT ACCOUNTING
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BENEFITS
  • Using Project Accounting allows you to accurately monitor the financial progress of a project
  • Integrating Project Accounting with your financial system reduces time needed for administrative tasks


  • PROJECT ACCOUNTING
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POSTING CONTROL
  • Standard Posting Control is used to create the accounting code string.
  • Posting types for Project Reporting are:
    • PRJC1/PRJC2 Project Personal Costs
    • PRJC3/PRJC4 Project Non-Personal Costs
    • PRJT1/PRJT2 Project Time
    • PRJI1 Project Invoicing (with tax)
    • PRJI2 Project Invoicing (without tax)
    • PRJW1-PRJW6 Project Work in Progress
      (For more information on Work in Progress  please take a look at the lesson Project Reporting Work in Progress)
  • PROJECT ACCOUNTING
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POSTING CONTROL
  • You can register preposting information on a project.
  • If control type AC2, Preposting, is used in the Posting Control window, the preposting information of the project will be used when the code string is created.


  • PROJECT ACCOUNTING
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PROJECT COST ACCOUNTING
  • Two posting types are used for each project transaction—one for the debit and one for the credit amount:
    • The debit posting type is used to create internal costs for the project.
    • The credit posting type is used to create internal revenue for the resources used.
  • PROJECT ACCOUNTING
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PROJECT INVOICE ACCOUNTING
  • Accounting is created when your release an invoice using the applicable right mouse button option.
  • Posting types PRJI1 and PRJI2 are used for creating the code string for revenue.
    • PRJI1 is used for rows with tax.
    • PRJI2 is used for rows without tax.
  • Posting types IP% are used for standard invoices.
  • When releasing the invoice, the user can choose a voucher type from among the types that are connected to function group F.
  • PROJECT ACCOUNTING
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WORK IN PROGRESS ACCOUNTING
  • Work in Progress Accounting is created in a separate function.
  • Posting types PRJW1 to PRJW6 are used for creating the code string.
  • The user can choose a voucher type from among the types that are connected to function group Y.
  • For more information on Work in Progress, please take a look at the lesson Project Reporting Work in Progress.


  • PROJECT ACCOUNTING
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END OF LESSON