CJ88 - Actual Settlement.

[former_member218047]

Dear gurus,

I had created AUC from WBS and attached material,Rs 10000 cost was incurred in that particular wbs element.I checked in CJi3,it shows Rs 1000 as Actual Cost. Project was released. I run CJ88 and again when i check CJi3 report, the Rs 10000 appears two times. One with -ve balance and and with +ve balance. Kindly check the screen shot for below and guide me where I missed the settings.

Thank you in advance.

Seshagiri

[former_member1009083 · Accepted solution]

Hi,

  As per your screenshot, firstly 10000 cost was incurred in that particular WBS element against Cost Element 43772100, that's why it is showing 10000 +ve balance. In this case Expense Account is debited

  Now in CJ88, you are transferring the Value to AUC with Cost Element 20950000 as per your settlement receiver which is attached in the WBS Element. Then the value of the WBS Element with Cost Element is transferred with 10000 -ve balance.

  In this case your accounting entry will be

    AUC A/c [20950000]    .........Debit with WBS Element    10000

    Expense A/c [43772100].......Credit with WBS Element   10000

That's why against Cost Element 43772100 it is showing both Positive & Negative Balance and in Cost Element 20950000 it is showing 10000 Positive Balance

Regards

Diptadhi

[former_member218047]

Thank you Diptadhi for clarifying my confusion.

Regards,

Seshagiri

[former_member610739]

This message was moderated.

[Former Member]

Hi,

All i would say is everything seems to be fine. This is how the system works.

Regards,

Gokul