Accounting active projects entered

Hello

We have a requirement as below

Customer wishes to build a building and given to the supplier for the construction of the building, customer want to track construction as a project and each time, payment given to the seller that he wanted to follow him on this project as the costs incurred for the completion of the construction. Once the construction is complete our client wants to capitalize the expenses incurred for this project.

Help me understand how the entries will be created, because we receive invoices from suppliers directly from AP and have not any integration of PO.


Thank you
David

Hello

Create a new project or type of Capital.
When you enter invoices in AP, insert the distributions by project, task, type of expenditure and organization. Validate the invoices from suppliers.
Accounting on the distribution of the AP should be - debit account PIC and responsibility to the credit provider.
RPC running: Projects cost Provider Interface. The system will import the distributions of invoice as expenses in projects.

When the building is finished, enter the location of the value Date of the Service on the assets of this PA project. Run, in the projects, the CPP process: generate active lines. Then CPP: Active Interface to hard assets.
You get in f mass additions the new assets generated by projects, it user will check the information, perhaps add details and post the lines as assets.

When you close the first FA period, the system will generate the following accounting-
CIP of credit, cost of the construction of real difficulty debit account.
If the depreciation is also due
Depreciation building of debit and credit account of depreciation reserve.

Dina

Tags: Oracle Applications

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