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Jan 21, 2020 at 07:55 AM

Journal Entry type to breakout identify one-off/special circumstances



We have a series of journal entries to move balances out of our Construction in Process (CIP) GL accounts to Investment Projects now that we've launched project costing in SAP (which will in turn push the balances to associated assets under construction upon settlement). This is a one time activity to clear out the balances of our existing CIP accounts and our asset accounting users are wondering if they can use a different document type than our standard SA journal entry to make these easily identifiable moving forward for auditors, etc which seemed like a reasonable idea to me.

What journal entry type would you suggest we use for this activity if we were to use something other than SA?

The journal entries will look like:

CR 1800* account with profit center

DR 6500* account with the wbs and appropriate cost/profit center