RE:[sap-acct] Adding PS Settlement to Exisitng Implementation - Handling the Existing Balances
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 | Posted by Ryan_AU on May 18 at 7:11 PM |  Mark as helpful |
Hi Greg, you said that the project costs are never settled but dont you post to an asset or to a Balance Sheet account? I dont fully understand but i would assum that when you say you will clear out the PS balances i guess you are posting to a GL account on the BS. If this is the case you can also set up the current projects to also settle to the same BS account at each month end.
---------------Original Message---------------
From: Greg Albiero
Sent: Tuesday, May 18, 2010 11:27 AM
Subject: Adding PS Settlement to Exisitng Implementation - Handling the Existing Balances
> An upcoming upgrade of SAP will introduce settlement to our month end processes. Currently, costs and revenues are posted to projects but never settled. Ideally, prior to the upgrade, all costs on current projects will be cleared out in order to avoid unintentional postings post go live. Problem is we are unable to close the projects since all have balances. We are looking to see if others have experienced a similar situation. How are the balances on existing projects normally handled without a financial impact to the company? How can the old projects be closed with an unsettled balance? Any suggestions are greatly appreciated.
__.____._ ---------------Original Message---------------
From: Greg Albiero
Sent: Tuesday, May 18, 2010 11:27 AM
Subject: Adding PS Settlement to Exisitng Implementation - Handling the Existing Balances
> An upcoming upgrade of SAP will introduce settlement to our month end processes. Currently, costs and revenues are posted to projects but never settled. Ideally, prior to the upgrade, all costs on current projects will be cleared out in order to avoid unintentional postings post go live. Problem is we are unable to close the projects since all have balances. We are looking to see if others have experienced a similar situation. How are the balances on existing projects normally handled without a financial impact to the company? How can the old projects be closed with an unsettled balance? Any suggestions are greatly appreciated.
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