Project Settlement @ Project Systems

Hi Experts
I am working on how to settle a Project in Project Systems. Could you please provide me guidelines how to do it.
I am also looking for the connection/relation between Project Systems and Result Analysis of Product Costing.
Thank you
regards,
S. Habib Pasha.

HI
The moment you say that the settlement to GL account, it is an external settlement i.e CO to FI ( WBS element being a cost object ) . In the allocation you need to have settlement element as an external settlement element with category "22" . When you are settling to a GL account and if it is a cost element then it will ask for a co object still as the system simultaneously needs to post to controlling as well. Yo make this setting for the GL account through automatic account assignment in transaction OKB9.
I this will solve your problem
Anand

Similar Messages

Automatic Asset creation through Project settlement

Dear All,
We have one issues where in AS02 AUC Asset quantity is in display mode still we can find the quantity there.
Can any body help me about the Process of Auto Asset creation through Project settlement.
I need to know how system calculate the Quantity from the Project settlement. if such type of Process exist in SAP
Thanks
Abhijeet
Edited by: Abhijeet Patil on Oct 5, 2011 3:05 PM
Edited by: Abhijeet Patil on Oct 5, 2011 3:05 PM

Hi,
There is process in SAP where we can create AuC from Projects. We need to have an investement profile set up and the same needs to be used in the project. You will have the details in SAP Help documnetation for this.
Regards
Sreekanth

Problem with project settlement

Hi,
I want to settle cost in project system by exclude some cost element for example
Cost was posted against WBS Y.001 with 2 lines item. cost element 10001 - 100 usd
20001 - 200 usd
Our requirement is only cost element in range 10000-19999 can settle to cost center, for other cost element cost remain in WBS.
But when i excecute project settlement system generate error message as u2018Cost element 20001cannot be assigned to a settlement cost assignment in allocation structure ZGu2019. For allocation sturture ZG i was maintain cost element in source form 10000 - 19999
So, Is it possible to settled by exclude some cost element even cost have posted to?
Thanks so much,
june.

Hi Pornat,
Please check Allocation Structure before cheking the Settlement Profile. In allocation structure the sender cost object and receiver cost object is there, pl check it. if u need any inputs then let me know.
raj

To have better understanding in project settlement

Dear all,
I am new in PS and hopefully I can have a clearer picture of the account entries for the best practise of a project settlement.
This is a customer/sales project. When we post any project related expenses/revenue, we assign a WBS to the line item so that the WBS is able to capture the costs. When we run settlement (CJ88) during the month end, the net of all expenses and revenue will be posted to the system.
1) For example, during month end total expenses is $600 and total progress billing (revenue) is $1000, what will be accounting entries of CJ88? Are the entries below correct?
DR. WIP Settlement 400
      CR. BS A/c            400
FYI:
This Balance Sheet A/c (BS A/c) is shown under current asset in the Balance Sheet (t-code F.01).
WIP Settlement is set in settlement profile (or allocation structure to be exact) while BS a/c is set in settlement rule.
The end user is not using COPA. They always settle the costs to a G/L a/c specified in the settlement rule.
2) What if on the 2nd month total expenses is $300 and the progress billing is $200, are the entries below correct?
DR. BS A/c      100
     CR WIP Settlement 100
3) In the end of the project, how are the above being settled completely? What happened to the balance in the GL account set in allocation structure (settlement costs element)??
4) This end user chose to settle to a GL a/c so that it will be displayed under current asset in the balance sheet. Is this the only reason to settle to a GL a/c?
5) If the Q1-Q2 above are rather confusing, what would be the best practise for a company without COPA settling the costs/revenues to a G/L?
Thank you.

Hi all,
Thanks for the prompt reply.
hmm... the end user is not using any RA key/method.
They execute the settlement without running KKA2.
1) is it possible to do that?
I have done some reading on RA and here is my understanding:
KKA2 is basically used to calculate WIP and CJ88 is to post this WIP to any receiver.
but I find it difficult to fully understand in terms of the postings (accounting entries).
2) Can you provide any example in terms of accounting entries, from the expenses charge into the WBS to the periodic settlement and finally the final settlement? (Not able to find 1 in SAP Help)
Thank you.
Edited by: SebastianKwan on Apr 7, 2011 3:31 PM

Exclude postings from certains accounts from Project Settlement

Hi,
I would like to know if there is a certain config that could exclude postings of CERTAIN ACCOUNTS from Project settlement.
Thanks!
Vivian

Hi,
May I know if you are referring to OKO6 config? We have no included any of those unwanted cost elements for settlement, but during settlement we are getting error saying that allocation structure not complete - so we need to find a way for system to totally exclude posting from those accounts for settlement (instead of showing error)
Thanks!
Vivian

How to settle project costs to AUC

Dear Experts,
Please teach us how to settle project costs to AUC.
Your response is very much appreciated.

Refer below link
http://help.sap.com/saphelp_erp60_sp/helpdata/en/2a/f9f56e493111d182b70000e829fbfe/frameset.htm
Venkat

Project Settlement for Post Capitalisation Assets (CJ88) or CJ8G

Hi All,
I would like to settle projects to an asset that should have been capitalised in a previous fiscal year. i.e. post capitalisation. When I post to an asset created with "post capitalisation" indicator, the FI journal does not show the correct values ie. Accumulated depreciation etc. the way it would if the same was performed within Fixed Assets.
Help Appreciated
Samir

Hi,
Standard user exit provided was COOM003. It may help you to change the receiver to G\L account while executiing the Txn CJ8G.
Regards,
Nag

Transporting projects from Dev. system to Prod. system

We have created a number of projects in our development system and now want to move a few of the project to our production system.
Is there a way to transport these projects to the production system
Regards
Don

Good Day......
I have used "the truck" and everything seemed to work ok. Transport was created and we migrated the transport to the production Solution Manager system.
When I tried to open the project in Project Admin/Solar01 I got the following message.
"The specified structure does not exist"
Any thoughts........
As well, is there a way to include all of the project documentation within the transport.
Regards
Don

Project Settlement - Aggregating/Settling on new custom field

At our company, we created a new custom field called "Location Code" that is populated during journal entries through manual input. When an entry to a WBS element is posted with a Location Code value entered, the Location Code value also gets carried over to CO (controlling), SPL, and is in PS. The problem we have is with settlement as it does not carry over the Location Code at the final settlement receiver. For example:
1. Journal entry is posted to WBS element H01.12345.01.01 with Location Code value entered of "435" (this is a field in the FI document posting screen) for $100. Another entry is posted to the same WBS element but with a different Location Code of "080" for $200. Both entries to the same G/L account.
2. Settlement is run to settle the 2 entries in Step 1 above which totals ($200 + $100) $300. WBS element H01.12345.01.01 will settle to a cost center.
3. When we view the final accounting documents (especially our special ledger purpose documents), Location Code value is blank and there is one entry to the receiving cost center for $300. It seems project settlement aggregates entries based only on WBS level and G/L account.
QUESTION: Is it possible (and if so, how) to get projects to settle these lines individually based on aggregating on Location Code as well as G/L account? We would like to see $200 settle to the receiving cost center with Location Code value "435", and another line settling $100 to the receiving cost center with Location Code "080".
I hope I made sense. Thanks in advance!

line item settlement should only be possible if the setting is maintained in the IM Profile and it sounds like your projects don't have an IM profile... so it shouldn't work. I haven't used it on a non-capital project but you could give it a shot.
[-nathan|http://wiki.sdn.sap.com/wiki/display/profile/Nathan+Genez]

Without COPA customer project settlement

Without COPA customer project settlement - where it should get settled ?
MGK

Should it? Well, first you need to know why do you want to settle. If you have RA to be posted for example.

Premiere timeline won't redraw properly after opening project on different system

I've been seeing an issue (for quite some time now) where if I'm working a job on two different edit systems (usually with duplicate media or using a shuttle drive for mobile editing) that when I open the project on the "other" system the timeline won't redraw properly and looks like the attached image. The edit is there and the system will play the timeline but it's unusable as you can't work.
I've found that some combination of duplicating the sequence and/or quit and restart might fix it. Importing the sequence to another project will too. A talk about this on twitter with other editors who have seen this says a relink to the media will fix it. I used to think that was a problem of using Dropbox to store a PPro project files was the culprit but it happens when I use a shuttle drive to keep the same project on two computers in sync for editing on one or the other.
Anyone else? Any solutions?

Hi Scott,
I've been seeing an issue (for quite some time now) where if I'm working a job on two different edit systems (usually with duplicate media or using a shuttle drive for mobile editing) that when I open the project on the "other" system the timeline won't redraw properly and looks like the attached image. The edit is there and the system will play the timeline but it's unusable as you can't work.
Yes, I have seen issues here in support when users transport their projects from one system to another via a portable hard drive. It's very weird behavior and I'm investigating the issue. What you might try is a different method of transporting those projects, like a different drive, etc.
I will add this issue to my report. Feel free to file a bug report here.
Thanks,
Kevin

Project as ticketing system/helpdesk

Hi,
I am new to Project or Project Pro for Office365. Wanted to ask if anyone has used Project Pro for Office365 or Project Online with Project Pro for Office365 as a helpdesk/IT task system, which can handle projects as well as daily tasks and helpdesk
requests. Also looking to have reporting, asset management, and a plus would be integration with email, where users would be able to email the system to open tickets.
Thank you

In addition to Paul's excellent answer, I'd add that PS2013 offers a new timesheet feature as the multilines administrative time categories which allows managing in a better way support activities like tickets.
See this
article on my blog about this topic.
Hope this helps,
Guillaume Rouyre, MBA, MVP, MCP |

Anyone get this when opening projects on other systems

Have a project running on my mac pro (system A)... put everything on an external drive... open it on another identical system (system B), and get this:
Premiere CC 2014 Timeline Issue - YouTube
It does not matter which way I go... (A to B or B to A) every time I bring the project to another system I always get this issue.
The only time it opens ok is when the project relinks media from the system the project was saved on.
The best workaround is to start a new project and drag the project I want to open into it.
Cheers

Sorry but ... from the PP manual... if you have ever read it???
Clip instance
A dependent reference to a source clip, used in a sequence. Each time you add a clip to a sequence, you create another instance of the clip. A clip instance uses the name and source file reference used by its source clip. While clip instances are not listed in the Project panel, they are differentiated in the Source Monitor menu if you open instances there. The Source Monitor menu lists instances by name, sequence name, and In point.
Hope that helps you understand the correct terminology.
Anyway, I was wondering if anyone can try to duplicate my issue??

Unable to open/edit project in project professional form PWA(project server 2010)

i have been working perfectly and opening my projects with project professional from PWA
All of a sudden,i get this error: no permission to read enterprise global file when trying to edit my projects in project professional from the PWA
i have also tried opening the project from project professional directly and it says (you do not have sufficient permissions to perform the requested action)
please what is the cause of this issue and what can i do to resolve it?

Hello kehinde,
The cause of this problem is somebody changed something.
To resolve, I would clear out the cache to see if that resolves anything.
Then, I would reboot system and see if that resolves.
If still no go, then I would look into security settings, and start doing some detective work. I keep a version of project server in a separate instance, that is completely out of the box, so I can have a reference point for settings.
If still not solution, then I would resave the global file settings.
Cheers!
Michael
Michael Wharton, MBA, PMP, MCT, MCSD, MCSE+I, MCDBA
www.WhartonComputer.com

Unable to open the Projects from Project center with the Alias name PWA 2010

Hi,
I am unable to open the Projects from Project center with the Alias name with the server name i am able to open the projects, version is project server 2010,
My system is ABC.DC.IN alias name i have given is DEF.AD.COM
With the system name i can able access PWA and all are working fine.
As i have observed with alias name i can able to login to pwa and all the server setting approval center all are working fine but only in the project center i am not able to open the projects (http://DEF.AD.COM/pwa/ProjectDrillDown.aspx .xxxx) its
is coming in the below of the ie.
But with Alias name these are the issues i am facing,
1.when longing with alias name its asking two times for user name and password
2.when i click on a project from project center its taking some time and asking for user name and password after i enter user name and password "PAGE cannot displayed" error i am getting.
3. I have observed one more thing if click on Project details then only this issue is coming project schedule and project information is also opening with Alias name.
can any one Help me.
Vijay kommireddi

Hi
Hope the below link will help you.
And also please check the browser which you are using as mostly IE 8.0 won't support, Please try it in IE 9.0 and Chrome.
http://social.technet.microsoft.com/Forums/sharepoint/en-US/c03300d2-2a27-4d5d-b3f6-a3660805e125/alternative-access-mapping-when-accessing-the-site-it-is-asking-for-username-and-password
Thanks
Geeth If you feel that the answer which i gave you is Helpful please select it as Answer/helpful.

Project Settlement @ Project Systems

Similar Messages

Maybe you are looking for