Project - Reconciliation

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Posted on by Community Member Microsoft Employee

I have an experience with AP vs GL, AR vs GL and Bank Reconciliation activities. How to do Project module transaction balance tallied with GL balances? Any Specific method is there? Else execute the FTT is quite enough ?

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Community Member Microsoft Employee on at

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RE: Project - Reconciliation

Hi Carolyn

Thanks for your reply.

I have already identified the scenarios and resolved the Project reconciliation successfully.

Thanks
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Carolyn Kolpien on at

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RE: Project - Reconciliation

Hello Santhosh D,

The Project – GL Reconciliation (PA.230.00) report provides the ability to reconcile transactions posted to both General Ledger (in table GLTRAN) and Project Controller (in table PJTRAN). You can run the report at the project level or at the project-task level. In both cases, the report shows balances and variance amounts at the account category level. You can also choose whether to run the report for all account categories or to suppress lines in which the variance amount is zero.

If the two modules are out of balance, here are some possible causes:

Here are a few common causes.

1. You posted the account in GL or another financial module and used the non post project

2. You entered project charge entry batches- they will not update GL

3. You have not posted allocator or Flex bill batches in GL for the current period.

4. You have unposted batches in the Post transaction screen in GL and they are project related.

Please let me know if you have additional questions.