Investment Project under PMA

  • Investment Project under PMA

    Posted by nazimlalji@hotmail.com on September 2, 2017 at 7:45 pm
    • Najeem JanatAli

      Member

      September 2, 2017 at 7:45 PM

      HI

      Why under investment project transactions are charged to P&L from their transfer to WIP Ā and then transfer as Fixed Assets

      Why not directly to WIP instead of recording to P&L first

      please suggest

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      Nazim Lalji

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    • Ludwig Reinhard

      Member

      September 3, 2017 at 6:23 AM

      ?Hi,
      The postings that are generated for investment type projects depend on the ledger Integration that has been chosen in the project group form. From what you write, I would guess that this is set to P&L in your case, which has the effect that costs are recorded on P&L accounts until you run a project estimate. Posting the project estimate transfers the costs then to your WIP account. The WIP account is finally cleared when you eliminate the estimates and activate the fixed asset.
      Best regards,
      Ludwig

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      Ludwig Reinhard
      SYCOR GmbH
      Goettingen
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      ——————————————-

    nazimlalji@hotmail.com replied 8 years ago 1 Member · 0 Replies
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