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Former Member
Jun 09, 2009 at 02:06 PM

WBS Element: Interest Calculation

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Hi All,

In the month of March, some cost was accumulated to the WBS element. For that cost through the interest profile the system has calculated the Interest. For the month of Apr and May no more cost was posted to that WBS element. Hence the interest for the cost posted on the month of March was calculated for April and May. In the month of June (1st Jun) the WBS cost was settled to Asset GL (CIP Account). Now for the month of June we dont want to post the Interest as the asset is put in use (Manually transferred from CIP account to Asset Account 1st of Jun)

But while calculating the Interest for this WBS element in the month of Jun, (tried for July also) the system still calculates the Interest (Jun and July). Please advice how to avoid this interest calculation.

Removing the interest profile at the WBS element is not the option or solution...:)

Thanks

Vasantha