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How do I set up project accounting for a company?

Fill Project Accounting Setting for the company, make the Project Groups, and mark the categories projects will use. Projects, estimations and contracts can then be made.

Screen
Project Accounting › Setting and Setup
Who
The implementation consultant
Takes effect
On save
Needs first
Customers; categories and category groups; purchase order and issue journals if material is issued to projects on receipt

Steps​

  1. Open Project Accounting Setting (Project Accounting › Setting). Create it for the legal entity. Tick Auto Issue for Project and fill the Movement tab if purchased material should be issued to projects on receipt.
  2. Open Project Group (Project Accounting › Setup). One group per kind of project reported apart.
  3. On the category setup, mark the categories projects use (labour, machines, materials, expenses, fees) as usable in projects.
  4. Optional. Field rules on the Default Parameters tab of the setting.

Check it worked​

  • A new Project offers the groups and, on its Category Assignment tab, the categories.

Nothing in this task posts to the accounts.

If something looks wrong​

  • A category is not offered on the project. It is not marked for use in projects.