closing projects

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Posted on by NewKid

Hi,

We have transferred labor and expenses from one project to another. After we did that we created a zero dollar invoice to clear out the debits and credit from the transferred costs. Now, we are trying to close the projects and realize that the system read the debit amounts as receiving cash on the project. The Project Maintenance screen shows cash receipts (in the amount of the tranferred costs) but no billings, and the system will not allow us to close the project. The checklist shows 1) all transactions billed; Billing =Project Amount and 2) all biller documents applied or written off. How do we fix this without creating an entry that posts something to the General Ledger?

Thanks,

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Santosh 766 on at

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Re: closing projects

Hi,

There are certain process are there to close projects on Project Accounting module. The process is also diffrent based on type of project.

The quick way is, If you just want to stop posting cost and billing on wrongly created project then you can do that by ticking "Closed to Project Cost" and "Closed to Billing" or set project status as "On Hold".

Hope this will help you.

Regards,

Santosh
DavidMO 1,030 on at

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Re: closing projects

My users are having a similar issues. Did you every solve this?