Setting up Project Cost/Revenue Elements—Exercises
Basic Data Setup
Chart of Accounts
Purpose: The purpose of this exercise is to show you how
to enter additional accounts for your project company.
Windows:
Account
- For your project company, create a new account to which you can later connect
a project cost/revenue element.
- Save your changes.
General exercise for
Chart of Accounts
Main Exercise
Purpose: The purpose of these exercises is to show you how
to define project cost elements and how to connect project cost elements to accounts.
Windows:
Project Cost/Revenue Elements
Project Cost/Revenue Element per Code Part Value
- Open the Project Cost/Revenue Elements
window and click New (F5) to create a new record.
- In the Project Cost/Revenue Element field, enter a value for a project
cost/revenue element that you want to define for the company.
- Enter a description for the project cost/revenue element in the Project
Cost/Revenue Element Description field.
- Optionally select the Default check box for one cost element and
one revenue element. Project costs and revenues will be reported to the relevant
default cost/revenue element in case the derived code part is not mapped to
a cost/revenue element or in case no account can be derived from the accounting
rules.
- In the Element Type field select a value from the list to indicate
whether the element is to be used for cost or revenue follow-up.
- Save the record.
Note: You can block a project cost/revenue element from use
by selecting the Blocked for Use check box when the cost/revenue element
is no longer required. However the project cost/revenue element cannot be connected
to a code part value if it is to be blocked for use.
- Open the Project Cost/Revenue Element per Code
Part Value window.
- Query for the code part for which you want to add or modify the connected
project cost/revenue element.
- Enter a cost/revenue element in the Project Cost/Revenue Element
field, or use the List of Values to select one of the company's project cost/revenue
elements.
- Enter a date in the Valid From field to indicate the date from which
the connection between the code part value and the cost/revenue element is valid.
The system date will be default.
- Save the record.
Note: It is possible to connect the same cost/revenue element to several
code part values.