Can anyone explain the purpose of posting control PRJC1 and PRJC2? These are showing up with Expense Sheets that have a project activity sequence posted. We threw something in there so they wash each other out (to get rid of the errors), but would like to understand what they should really be doing.
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Userlevel 7
+17
Hi
Posting Types - PRJC1 & PRJC2 are usually used to post Personal Cost transactions that are recorded in Project Cost Registration window > Personal Tab.
Posting entries are recorded as-
PRJC1 Project Cost DR
PRJC2 Contra Account CR
Here's a test plan in summary if you want to check,
1.Create an project with an activity through Project Management > Plan and Execute
2. Connect a valid cost type report code to the activity > Make sure the Report Code has Create Cost Accounting - Yes
3. Approve the project and release the activity.
4. Go Project Cost Registration window/ Personal Tab and enter a transaction for the project activity created in step 1 (with Report Code) > Enter Quantity
5. Right click and Select Project Transactions
6. Run Transfer Project Cost Accounting
7. Right click and Select Postings > You can view the postings created with Posting Type - PRJC1 & PRJC2
Hope this would help :)
Thanks and Best Regards
Madusha
That’s not the use case where we are seeing PRJC1 and PRJC2. It is showing up with Expense Sheets that have lines posted to a project activity sequence. We would like to know what the intent of these 2 postings is. They seem like excess postings to us. Are they supposed to be related to capitalizing project expenses?
Userlevel 6
+7
They are not related to capitalizing project expenses.
OK, then what are they related to? How would someone normally set these up? What type of account should the debit and credit affect?
Userlevel 6
+7
PRJC1 - COST or STATISTICS account - example - Direct cost, internal project charge
PRJC2 - REVENUE or STATISTICS account - example - Revenue, internal project charge
Example would be T (Time transactions) voucher
Userlevel 7
+17
Hi
As per the functionality, when the activity sequence is linked with an expense sheet, project transactions will be created.
You can view these transactions in Project Transactions window. Refer to column Create Cost Accounting in Project Transactions window. If the value is Yes, when Transfer Project Cost Accounting job is run, a voucher (Voucher Type - T) will be created with Posting Types - PRJC1 and PRJC2.
Please let us know if you need further clarifications.
Thanks and Best Regards
Madusha
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