How can we capitalize the PR/PO, which are already booked in cost center?

Question

We are creating a capital Project for our department.  We have the structures ready and finalized with the budgets. But, the department has already done some commitments and expenditures in their cost center .Now, this expenditure and commitment values needs to be reflected in the report, so that correct values of assigned and available should be updated.
1) Pls. suggest a process using which we can transfer this amount. Is this to be done by an FI entry or else we need to commit using sanction request?
2) How can we capitalize the PR/PO, which are already booked in cost center?

Answer 1

Hi,
As we know the Contract is an Outline agreement for Quantity or Value for a particular Period with vendor.
Without mentioning Plant also we can make contract for the Purchase organisation level for particular Material for the entire period
Where as while creating PR  -it is an Indent for the material requiement for the specific Plant so when you refer Agreement inthe PR creation time System will ask you how much quantity to what plant you want to place indent. where as In PO  it ia an legal document so when you refer Agreement it will take all the details from Contract
i think you are clear with my points
With regrads
Shrinivas gangoor
Edited by: Shrinivas Gangoor on May 22, 2009 2:53 PM
Edited by: Shrinivas Gangoor on May 22, 2009 2:54 PM