How can I setup beginning balances (like billed to date info), in contracts, projects, for our fiscal year, without having to manually create a million timesheets?
Thanks,
John
*This post is locked for comments
Hi John,
There are a couple of options:
I have used all options with success. There are pros and cons to each option but PA is flexible enough to allow these options.
The deciding factor is how you wish to have the amounts posted to the GL accounts and, for ongoing Project reporting, how you prefer the amounts to be portrayed. The key to remember is that, at project close, you want the amounts to clear off the balance sheet correctly and entirely.
Utilization of test environment is recommended for all options including test closure of legacy projects.
Regards,
Hugh
Stay up to date on forum activity by subscribing. You can also customize your in-app and email Notification settings across all subscriptions.
André Arnaud de Cal... 291,188 Super User 2024 Season 2
Martin Dráb 230,030 Most Valuable Professional
nmaenpaa 101,156