Deletion Flag

[MohanDesai]

Hi!

How to settle costs and revenues of project to make the balance zero so that i can set deletion flag for the project?

Bekele

[Former Member · Accepted solution]

Hi Bekele,

It is very simple, the steps are as mentioned below:

1) maintain Allocation structure under-costs>Automatic and Periodic Allocations>Settlement with two assignments for ex: costs and revenues, in the source you maintain the range of cost elements for costs and revenues seperately and comming settlement cost elements maitain receiver category - Cost center, wbs, GL, profitability segment and check by cost element.

2) maitian source structure below that with two one for costs and other for revenue assignment and in source cost element range.

3) If you try to settle the costs to profitability segement then PA transfer structure otherwise no use, prerequisites for this is "Operating concern" should be active.

4) Then maintain the settlement profile, to be settled checked, allocation structure, source structure, default object type, u can decide which object you need to settle, if on GL for ex: maintain GL there.

check the three indicators, %-settlement, equivalence numbers, amount settlement and make the receivers GL, WBS, Cost center, Profit.segment --> Optional and maitain Doc type: SA & other 2 things as you wish say 3,3.

5) now maintain the settlement profile to the project profile

6) Next below the same folder you will find assgin settlement to network type, maintain for the plant and the network type combination Dfr: PS1 for all the network types.

7) Maintain default settlement rule to network: maintain as 60

😎 define the strategy for WBS: define as customer project

9) assign strategy to project profile.

10) Now post some costs & revenues to WBS.

11) maintain a settlement rule for the WBS, two rules needs to be maintained first line entry-G/L-G/L account number, in the source structure field pick costs from the drop down.

for the second line maitain another G/L account and in the source structure field mention revenues and 100%.

12) Now run the settlement in cj88, costs will be posted to one G/L account and revenues will be posted to other G/L account.

now you can close the wbs.

Note: idealy you need settle these costs to Profitability segemt, before that you need to recognize the revenue by running result analysis.

If any issues revert back to forum;

Rgds

Sudhir

[MohanDesai]

OK

[Former Member]

Hi

Use CJ88 to settle the project.

Thanks

S.Murali