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Project Settlement Issue

Urgent Please. We are having issues with settlement with couple of our new projects.

When running CJ88, the planned cost is settling to COS.

With the projects with issues, when I run CJEN it is showing the planned cost as RUCR which I think it should be RIML.

RA key are the same for all project, so not sure where the issue is coming from.

With our previous projects actual costs are accumulated in WIP until Sale is taken.

Thanks for your help.

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4 Answers

  • Best Answer
    Jan 20, 2015 at 04:56 PM

    Sounds like you are using Completed Contract method where all costs and revenue are moved to the balance sheet until contract completion.

    RUCR is reserves for unrealized costs is used with POC methods.

    RIML is a reserve of imminent loss where your planned costs are higher than your planned revenue.

    With pure completed contract you should have WIPR.

    The problem is with your RA key.

    Are you running RA prior to settlement?

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  • Jan 20, 2015 at 12:57 PM

    Hi Deana,

    What is your RA method? Complete contract or POC? System would use planned cost only in POC methods...

    Check the GL accounts posted to those new projects and check the RA method custo.

    Regards,

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  • Jan 20, 2015 at 05:44 AM

    Hello,

    By settlement you can not settle plan cost, only actual cost which have project object to be settle.

    can you elaborate your query what you are doing and how you are getting error while doing settlement then what error is coming, please share those screenshot.

    Regards,
    Sanjeev

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  • Jan 20, 2015 at 12:27 PM

    Hi Deana,

    Plan Costs are not affected by settlement/CJ88.

    Is it happening at the time of RA using KKA2?

    Please elaborate. If its possible can you share the screen shots for the project in which you are facing the issue?

    regards

    Sammar

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