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Former Member

Billing and Period End Closing

Hi All,

I have two scanarios:

1.Sales Project-It is simply procuring the equipments from vendors and install in customers site.Costs accumuate to project.

How i will do billing and period end closing for this project.The billing depends on the contract sometimes it is partial but sometimes after doing the installation.

But the client wants to show Profit & Loss monthly.

Projects-WIP GL-GL

How i will map this .......Pls suggust.

2.Amortisation Project-it is installation and maintence may long for few years.

How i will do billing,because most of the times they bill only after installation and when maintence contract contact is signed.

But to calcualte Profit and loss how i will work on this scanario.

Project-WIP GL-Deferred Account-Final GL

Please suggust


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1 Answer

  • May 13, 2008 at 08:13 AM


    for case 1: Do you really need Project system?

    I would go for Customer service with: Service order and Sales order if its trading job.

    for more info abt the Project sytems please see the link below:

    Hope its useful,

    Reward points if found useful.


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