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I see a behavior in standard Contoso environment USSI that I can't reproduce in other companies.
In the project management module, I choose a project of a type time and materials. When going to create an expense journal against this project the category automatically defaults in. Also, the offset account for the journal defaults it. How is this achieved?
When I click in lines, this appear with the fields you can see appearing by default.
I am using T&M project to accrue expenses that will be recharged later on. So the posting I'm trying to achieve with the expense journal is to debit accrued income (this part is ok) and to credit the expense account where the expense was initially booked. I would like to create project categories for each type of expense and link them to main accounts so they will default in as offset account in project expense journals.
Any idea of how this can be achieved?
About your first question:
In the project module there is a form called 'default offset account for expenses'. You can find this setup in the posting section. Please have a look at what is configured in your system?
About your section question:
Can you elaborate on the accrued expenses issue?
I don't understand the business scenario behind.
What I usually see is that people post expenses temporarily on WIP account at the time the invoice is recorded.
Later on they are expensed and the WIP account cleared.
This usually happens for T&M projects at the time you invoice the project.
Is that what you want to achieve?
Thank you once again!
My second question was just about how to get the category default into the project, so this:
About the business scenario. As I don't want the PL of the company where the project is created to be affected. Therefore, I'm trying to achieve these postings:
So basically, instead of a WIP account I use an accrued revenue account. To achieve this I define the accrued revenue account in the ledger posting setup > ledger account type > invoice revenue.
Please don't hesitate to share your comments if you have any.
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