The code that identifies the project.
Extension (tpptc0110s000)Use this session to maintain the extensions you need for your fixed contract project. An extension is almost a project in itself and is generally used to invoice unexpected costs to the customer. The revenue recognition method and the cost of goods sold method is defined at the project and extension level. RR and COGS can also be determined at the element and activity level depending on the method of RR and COGS selected. The amount approved for invoicing is displayed next to the Ceiling check box. For projects with invoicing types set to Unit Rate, the amount is updated while transferring transactions from the Invoicing module to the Invoicing package. For projects with invoicing type set to Cost Plus, the amount is updated when the transactions are approved for invoicing. Note Use the Maps section to view the location of the Address Code and the Ship-from Address. You must select only one record at a time.
General Project The code that identifies the project. Status The current status of the project. Extension The code that identifies the extension. General Search Key An alternative form of a description used for convenience
during searching. Typically, it is an abbreviation, an acronym, or a mnemonic
alternative to a full description. Sold-to Bus. Partner The code that identifies the sold-to business partner. Please note that this business partner needs a department code
otherwise installments cannot be invoiced. Extension Type This field is only available if the extension status is Free. Extension Status Invoice Calculation Method Text If this check box is selected, a text is present. Control Start Time The date and time, according to the project plan, on which work that is related to the extension starts. The input value must be after the start date set in the Projects (tppdm6100m000) session. Finish Time The date and time, according to the project plan, on which work that is related to the extension is completed. The input value must be after the start date and must be before the finish date set in the Projects (tppdm6100m000) session. Cost Control Indicates whether the extension is included in cost control. If this check box is selected, you can:
If this check box is cleared, you need not control the extension cost amount separately, but you can include it in the project costs. Phys. Progress Registration The level at which you want to record the extension's
progress. Financial Amount Expected Sales Amount The currency of the expected sales amount for the
extension. Expected Sales Amount The expected sales amount for the extension. Ceiling If this check box is selected, the amount entered in
the Contract Amount field is considered as the ceiling
amount. Note This check box is available only if the invoice calculation method is set to Actual Costs. Approved for Invoicing The amount approved for invoicing. Note If the extension transactions are set to Approved in the Cost-Plus Transactions to be Invoiced (tppin4810m000) sessions, the amount is updated. Currency The business partner currency. Contract Amount The contract amount of the extension. Variations are
carried out for this amount. You can only enter an amount if the Extension Type field is set to Scope Change. If the Ceiling check box is selected, the contract amount becomes the ceiling amount. This amount is the maximum that can be invoiced. If the ceiling amount is reached LN does not allow you to set the records to Approved. Currency One of a company's base currencies in which LN registers and
reports amounts. In a multicurrency system, up to three home currencies can be defined: Contract Amount The amount in the home currency. Click Rotate Currency to
see the amount in the other home currencies. Rate/Rate Factor The price at which one currency can be exchanged for another
currency. In other words, the amount which one currency will buy another
currency at a particular time. Rate/Rate Factor The factor by which the amount in the transaction currency or
the invoice currency is divided before LN converts it to a
home currency. A rate factor is often used for currencies that have a
relatively low price, for example, Korean Won. Currency The business partner currency. Provisional Amount The contractual provisional amount. This amount is included
in the budget. You can only enter an amount if the Extension Type field reads Provisional Amount. Currency One of a company's base currencies in which LN registers and
reports amounts. In a multicurrency system, up to three home currencies can be defined: Provisional Amount The amount in the home currency. Click Rotate Currency to
see the amount in the other home currencies. Rate/Rate Factor The currency exchange rate to
convert the transaction currency to the home currency that is displayed. Rate/Rate Factor The rate factor that belongs to the currency rate that is shown. Options Project Surcharges If this check box is selected, project surcharges can be
applied to the extension. Sequence Number The sequence number of the holdback. Use Holdback If this check box is selected, holdback can be applied to
the extension. Provisional Amount Settled If this check box is selected, the provisional amount is settled by posting the invoice in the Compose/Print/Post Invoices (cisli2200m000) session to Financials. Invoice Transferred to Central Invoicing If this check box is selected, the invoice is
transferred with the Transfer Project Data to Central Invoicing (tppin4200m000) session. Invoice Document LN enters the code of the financial company to which the invoice is posted. Usually this is the company linked to the
project. Invoice Document LN enters the procedure type for the transaction. Invoicing identifies
an invoice by this field. Invoice Document LN enters a sequence number for
the invoice. Invoicing identifies an invoice by this field. Sales Type The default sales type. You can change the value or leave this field empty. Ship-from Address The address of the ship-from business partner. Address Code The code that identifies the address linked to the
extension. Miscellaneous Classification Employee Responsible The code that identifies the responsibility. Employee Responsible The code that identifies the responsible employee. Geographical Area The code that identifies the geographical area. Category The code that uniquely identifies the category. Business Sector The code that identifies the business sector. Phase The code that uniquely identifies phase. Job Sheets Number of Job Sheets Printed The number of job sheets printed. Interim Results Revenue Interim Results Revenue Recognition Select the method for revenue recognition. To recognize revenue, you can use one of the following methods:
Revenue Recognition Limit The limit on the revenue to be recognized. Specify a
maximum percentage. Note The value can be changed. The revenue recognition limit is valid for all RR methods except the Completed Project method. The percentage times the contract amount gives the maximum revenue that can be recognized (until the completion of the project). This percentage is ignored when the project is complete and the final revenue (and COGS) is posted. Default value 100 Revenue Recognition Threshold The minimum percentage completion expected before revenue
is recognized. Note Only if the percentage completion is greater than or equal to this field, revenue is recognized when interim results are generated using the Generate Financial Interim Results (tpppc2260m000) session. However, if the Profit Percentage is negative, revenue will be recognized irrespective of minimum percentage completion being met or not. Default value 0 Percentage Completed The percentage of completion of the project. You must
multiply this percentage with the contract amount to calculate the revenue to
be recognized. Note The percentage of completion has to be entered manually, since the Estimate at Completion (EAC) is not defined for an extension. This field is available only if the Revenue Recognition Method field is set to Percentage Completed. Earned Revenue Factor Specify the earned revenue factor. You must multiply this
factor with the the cost to calculate the revenue to be recognized. Note You can manually enter the earned revenue factor or click Calculate ERF to get the calculated value. LN calculates the factor using the following formula: ERF = project contract amount / total budgeted costs To calculate ERF, the project status must be Active, because the total budgeted cost is known only for active projects. This field is available only if the Revenue Recognition Method field is set to Earned Revenue Factor. Cost Interim Results Costs of Goods Sold Select the method to calculate the cost of goods sold (COGS). To calculate the cost of goods sold, you can use one of the following methods: Profit Percentage Specify the profit percentage. The COGS is calculated on
the basis of this percentage and the revenue recognized. Note You can manually enter the percentage or click Calculate Profit Percentage to get the calculated value. LN calculates the percentage using the following formula: profit percentage = budget / contract amount This field is available only if the Costs of Goods Sold Method field is set to Profit Percentage. GST Applicable If this check box is selected, GST is applicable. Note By default this check box is selected, if the GST Implemented check box is selected in the India Localization Parameters (tccom9136m00l) session, and the specified item is not defined in the GST Exception Item List (tccom9135m00l) session. Assessable Value for GST The assessable value, in the inventory unit.
Print Extensions Starts the Print Extensions (tpptc0410m000) session. Calculate ERF Calculates the earned revenue factor using the following
formula: ERF = project contract amount / total budgeted costs To calculate ERF, the project status has to be Active, because the total budgeted cost is known only for active projects. This button is available only if the Revenue Recognition Method field is set to Earned Revenue Factor. Calculate Profit Percentage Calculates the profit percentage using the following
formula: profit percentage = budget / contract amount This button is available only if the Costs of Goods Sold Method field is set to Profit Percentage.
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