Closing project system controls

Close project system controls to ensure that the Project Ledger processes are complete for the period, for example, billing, revenue, and labor distribution.

Use this procedure if the accounting entity is using system control. System control can be set up for the PS system code.

See the Financials Setup and Administration Guide to create system controls.

You must close the project system controls before the Global Ledger period is closed.

  1. Select Project Close.
  2. Specify this information:
    Accounting Entity Option
    Select whether to close one accounting entity or a group of accounting entities.
    Accounting Entity
    If you selected Single for Accounting Entity Option, select the company to close.
    Accounting Entity Group
    If you selected Group for Accounting Entity Option, select the group of companies to close.
  3. Click OK.
    The Project Administrator role can verify the closing controls information was updated. The project close action is also available from the finance enterprise group of the accounting entity.