Enter Reposting Rule For Project

Explanation

Use this activity to enter a reposting rules for a project. The process of setting up reposting rule will differ based on the setting of Separate GL/IL Rules field on the project.

Prerequisites

Before reposting rule for a project can be entered, the following must have been completed:

• The information on the project must have been entered.
• The project type on selected ledger must be either Capitalize Revenues/Expenses or Capitalize Expenses.
• The code part requirements must be Can or Mandatory for the code parts that are used in the reposting rule.
• If Reposting Rule is for Internal Ledger, code parts has to be defined as used in that internal ledger.

System Effects

As a result of this activity, the project will have the reposting rule in each ledger when the project is completed.

• For project type Capitalize Revenues/Expenses, the voucher contains reverse entries from the capitalization accounts. The project’s capitalized revenues are posted back to the original code strings. The project’s capitalized costs in each ledger are posted back in accordance with the project’s reposting rule defined for the ledger.
• For project type Capitalize Expenses, the voucher contains reverse entries from the capitalization cost accounts. The project's capitalized costs in each ledger are posted back in accordance with the project's reposting rule defined for that ledger. Note that for this project type, the revenues are not capitalized.

If there is no reposting rule when it is completed, capitalized costs are posted back to the same code strings as the original costs.

Window

Project

Related Window Descriptions

Project

Procedure

Use the following procedure to specify a reposting rule if Separate GL/IL Rules is not selected:

1. Open Project window.
2. Find the project for which you want to enter reposting rules.
3. In the All Ledgers tab select the Reposting Rules sub tab.
4. If your project has reposting rules from your project group, those will be available for editing.
5. To create new reposting rules, create a new record in reposting rules. The code part names defined for the company are displayed.
6. Enter a Distribution Percentage and an Account. You can then enter information on the other code parts that have the code part requirements Can or Mandatory.
7. Repeat from step 6 again. If you need more than one reposting rule, split them by using distribution percentage lower than 100% in each row.
8. Make sure the total of the distribution percentages is equal to 100%.
9. Save the information.

If Separate GL/IL Rules is selected, the same process can be executed on the tabs General Ledger and Internal Ledger (at step 3 of the above procedure).