You’re offline. This is a read only version of the page.
330
Is there a way to create some sort of journal entry type adjustments within Project Accounting both permanent (adjustments) or temporary (reversals and accruals)? The entries would be tied to the Project but would not be reversing or correcting other types of entries such as Timesheets, Employee Expenses, etc. Possible example, after entering a timesheet, and billing the customer, it is determined that the cost of the overheads is not what it should be. This will not affect the billing to the customer, nor will it affect the amount paid to the employee. However, it does affect the profit margin of the project. How can I get this adjustment into the project? This is to be a one time only adjustment.
Similarly, this could be in anticipation of a retroactive rate increase which has not actually occurred but needs to be booked so as not to artificially overstate the profit margin. In this case, it will be reversed at some later date.
Thanks for all assistance.
*This post is locked for comments
I have the same question (0)
Share
Report
All responses (
Answers (
