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Former Member
Jan 10, 2012 at 06:49 PM

Accrual Posting to Project using Balance Sheet Account

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Hi,

During month end we do accrual posting and the following month it is reversed. We use Balanace Sheet account for these accrual postings and as per current practice we mention the WBS Element / IO reference in the Text field. Now business want these cost to flow to project (in case of WBS Elements). I have tried making the journely entry with WBS Element and the cost does not flow to the project. I guess it is beause we are using BS account and there is no cost element to carry the values to the WBS Element. Please confirm my understanding is correct? If yes what is the option available to achieve this scenario. Business do not want to use P&L account's. Kindly advice.

Regards

Sreekanth