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Update project cost based on job cost calculation

  • June 7, 2024
  • 1 reply
  • 109 views

AshD
Do Gooder (Partner)
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  • Do Gooder (Partner)

Hi all,

I have a concern regarding job rate management functionality in IFS Cloud. 

Once the weekly job cost calculation is done, I see that the internal price is calculated correctly. However, this cost has not been recorded against the relevant project activity under monitoring. (Create cost accounting = Yes)

Is this the intended functionality here? or am I missing a setting here?  

 

Appreciate any input on this. 

Thanks.

Best answer by Johan Lagerström

Hi @AshD,

Hope you are doing well.

Have you set up posting type PRJT1 to prepost the project code part (and ensured that PRJT2 is NOT posted to the activity)? That’s the first thing I’d check, and then verify that the transaction cost postings are posted to the activity.

Hope this helps.

Kind regards,
Johan

 

1 reply

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Hi @AshD,

Hope you are doing well.

Have you set up posting type PRJT1 to prepost the project code part (and ensured that PRJT2 is NOT posted to the activity)? That’s the first thing I’d check, and then verify that the transaction cost postings are posted to the activity.

Hope this helps.

Kind regards,
Johan