Accounting Rules for PO - Project Orders

PO20: Project Invoicing

When applied

Account entries are created when a project is invoiced in 'Project Invoice. Print' (POS180).

References

See Invoicing Projects.

Accounting rules for PO20: Project invoicing

Rule D/C Name Description
PO20-100 D Accounts receivable The debtor’s control account on which the invoice is automatically booked in the General Ledger.
PO20-111 C VAT payable 1 Used when the 'VAT reported on payment day' check box is left cleared for the VAT code in 'VAT Code. Open'(CRS030).
PO20-112 C VAT payable 2 Used when the 'VAT reported on payment day' check box is left cleared in combination with VAT method 2 or 3 in (CRS030).
PO20-113 C Suspense account for VAT payable 1 Used when the 'VAT reported on payment day' check box is selected in (CRS030).
PO20-114 C Suspense account for VAT payable 2 Used when the 'VAT reported on payment day' is selected in combination with VAT method 2 or 3 in (CRS030).
PO20-120 C Sales revenue Represents the revenue account to be credited at final invoicing. The entire amount at continuous invoicing or adjustment invoicing.
PO20-125 C Unpaid advances  
PO20-126 D Paid advances At final invoicing, this accounting rule represents the difference between PO20-100, with any VAT included, and PO20-120.
PO20-140 C Order charges  
PO20-141 D Offset account internal order charges  
PO20-160 C Service charges  
PO20-190   Rounding-off  

PO30: Project Settlement

When applied

Account entries are created when accrued costs and revenues are recognized in 'Project Recognition.Open' (POS470). All transactions are generated in temporary vouchers, which are reversed in the next period.

References

See Recognizing Project Costs/Revenues.

Accounting rules for PO30: Project settlement

Rule D/C Name Description
PO30-801 D Activate work in progress (costs) Represents the balance account for activated costs.
PO30-802 C Offset account for activation work in progress (costs) Represents the profit and loss account for the difference in costs.
PO30-803 C Activate work in progress (revenue) Represents the balance account for activated revenue.
PO30-804 D Offset account for activation work in progress (revenue) Represents the profit and loss account for the difference in revenue.
PO30-805 D Recognized costs Represents the profit and loss account for the recognized part of the project costs.
PO30-806 C Offset account for recognized costs Represents the balance account for recognized costs.
PO30-807 C Recognized revenue Represents the profit and loss account for the recognized part of the project revenue.
PO30-808 D Offset account for recognized revenue Represents the balance account for recognized revenue.
PO30-809 D Cost reservation Represents the balance account for reservation of costs not yet accrued. Only used for projects with recognition method 1, 7 or 8.
PO30-810 C Offset account for cost reservation Represents the balance account for reservation of costs not yet accrued. Only used for projects with recognition method 1, 7 or 8.
PO30-811 C Revenue reservation Represents the balance account for reservation of revenues not yet accrued. Only used for projects with recognition method 1, 7 or 8.
PO30-812 D Offset account for revenue reservation Represents the offsetting balance account for reservation of revenues not yet accrued. Only used for projects with recognition method 1, 3, 4, 5 or 6.
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