To close a project

Before closing the project, performs the following checks, specific to the project:

• All the PRP orders are processed.
• All the sales orders pegged to the project are processed.
• All the purchase requisitions are processed.
• All the RFQs are processed.
• All the purchase orders are processed.
• All the purchase schedules and deliveries are closed.
• All the contract deliverables and contract deliverable schedules linked to the project are processed.
• All the warehousing orders are processed.
• All the service orders are processed.
• All the transactions in the People module are processed.
• No inventory is present in the warehouse.
• All the extensions are processed.
• All the revenue transactions are displayed in Cost Transactions (tpppc2850m000) session.
• All the lines with sales amount <> 0 in the project cost history are invoiced.
• All records for revenue recognition (RR) and cost of goods sold (COGS) are processed.
• All the installments and advance invoices are processed.
• For capital projects, the data for asset extension and asset number is captured.
• The holdback linked to the project must be processed.
• The transferred unit rate linked to the project must be processed.
• The project shipments linked to the contract or contract line (CLIN), for which the invoice type is Delivery Based, must be processed.
• The progress payments requests linked to the project must be processed.
• The approved fees/penalties linked to the project must be processed.
• The status of the project deliverables and the contract deliverables must be Closed.
• All the advance payments are fully settled with/against the invoices or credit advance payment.