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Posting an invoice will transfer costs/revenues to the WBSelement assigned?

Hi,

I have created an invoice for 2 services. Each service is assigned to a WBS element.

My question is: If I post this invoice, costs and revenues associated to every WBS element is transferred to them? Even if the invoice hasn't been paid yet?

How can I check this?

Thanks in advance,

Luis.

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  • Best Answer
    Posted on Oct 14, 2010 at 08:33 AM

    Hi

    Almost all the countries follow Acrual basis of accounting and not cash basis of accounting

    Invoicing accrues the revenue, hence revenue is posted.... Realizing cash from customer is another process in itself

    If the customer does not pay, charge it as a Bad Debt... But, recognize the revenue upon billing and Account for cash when it comes

    Regards

    Ajay M

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  • Posted on Oct 14, 2010 at 08:00 AM

    Hi,

    Cost objects, e.g. WBS, are dealing by their definition only with cost/revenues posting. Payment procedures have no influence on CO.

    Regards,

    Eli

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