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author's profile photo Former Member
Former Member

Closing of projects

HI all,

Please confirm that by making the status CLSD , what would happen to the project if it has cost in Profit&Loss and not settled. In the projects we plan to close there is no settlement rule defined

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  • author's profile photo Former Member
    Former Member
    Posted on May 22, 2009 at 09:04 AM

    by closing means one cannot post commitments as well as actuals to the project.

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  • author's profile photo Former Member
    Former Member
    Posted on May 22, 2009 at 09:10 AM

    hi,

    TECO means u cant post commitment but actuals allows.

    CLSD means u cant post comitment & actual both.

    u should settle all actuals before u clsoe the project.

    Reg,

    sam

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  • author's profile photo Former Member
    Former Member
    Posted on May 22, 2009 at 10:19 AM

    Hi,

    CLSD means means you cant post commitment & actual both.

    and for settlement, it depends on what settings you have maintained in settlement profile; if settlement is mandatory than the project will not close unless settled or if settlement is set to not required then project will close as it is with no costs or revenues settled.

    regards!

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  • author's profile photo Former Member
    Former Member
    Posted on May 22, 2009 at 10:48 AM

    Hi,

    If settlement profile it meant for settlement then you cant close the project.If settlement profile is not meant for settlement then you can close the project.

    Muzamil

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  • author's profile photo Former Member
    Former Member
    Posted on May 23, 2009 at 06:13 AM

    Hi,

    If you wanted to close project without settlement, refer below link which will give some input to you.

    https://forums.sdn.sap.com/click.jspa?searchID=26494928&messageID=4738550

    Regards,

    Sandeep

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