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Hello,

Need your help to understand how the Project cost is calculated when a shop order is connected to a project activity.

Here are the steps that I followed for my tests:

  1. Activity Materials and Services > Misc.Parts tab: I have added a Manufactured Inventory Part Y.
  2. Proceeded with “Create Project Supply Request”: so, the shop order has been created automatically for the Part Y.
  3. I have received and closed the Shop order, also verified that there is a cost calculated.
  4. Proceeded with “Issue from inventory to Project” for the Part Y.

When I verify the Project Cost, on the Project Connections, I can see the cost of the shop order but only on the Used Cost and there is no value on the Actual Cost.

Is there a missing step or posting control that we should do to have a Project Actual Cost connected to the shop order cost? 

Thank you!

Hello @Wafaa 

Have you transferred supply chain and manufacturing transactions to IFS financials? Once transactions are transferred then you must perform update GL routine. Then you should get values shown in Actual Cost field.

 

See the help description for the fields

 

Used Cost
The total used cost for each cost element for all activities at the currently selected level in the graphical project structure. Used cost is the cost incurred as a result of accomplished work. Used Cost is reported from the transactions created by the connected objects until the corresponding voucher is created. The voucher will then report the Used Cost. The field cannot be modified.

 

Actual Cost
The total actual cost for each cost element for all the activities at the currently selected level in the graphical project structure. Actual cost is the sum of the used costs that has been updated in General Ledger. The field cannot be modified.
 

Hope this helps

Thank you so much Furkan!

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