We are looking to enable the PMA module for one of our business units which installs commercial solar panels. We have been doing some testing, andi am struggling with is to identify how we:
a) identify project related (non-stock) PO lines that have been receipted in against and therefore need accrued at monthend to ensure we recognise revenue correctly for services/expenses incurred but not invoiced by the supplier. I initially thought the commited costs form would give me this information, however i realised that a PO line shows in the committed costs form as soon as the PO is confirmed, therefore its not clear what commited costs PO lines have been received and therefore need accrued vs just normal commited cost lines still to be received.
b) the other thing i need help with is, how can we create a reversing accrual journal into projects? As we will always have project costs that have been incurred in the month but the supplier has not invoiced us. I have been told we can post a normal project journal in, and then do a manual reversal of it the following month (by creating a journal), but this is very manual and we would need to identify manually all project journals that need this reversal. Ideally, need to be able to set the reversal date at the point the original accrual journal is created and posted.
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