Close Project (tipcs2250m000)
Use this session to close projects whose production and financial processes have been completed. Final project results are calculated when projects are closed.
Performance aspects
The settings in this session could affect system performance and database growth. For more information, refer to Delete and archive in Project Control .
Field Information
- Project
- Delete Project Inventory up to Value
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The currency in which the maximum project inventory amount is expressed. If this amount is greater than the value of the inventory, the inventory will be deleted.
- Delete Inventory up to Value
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Enter the maximum project inventory amount, up to which any project inventory on hand may be automatically deleted from LN.
- Reason for Adjustment Orders
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When an order is adjusted, you use a reason code to indicate why this was done.
- Perform Estimated Cost Calculation
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If this check box is selected, the estimated standard cost for the PCS project is calculated.
The estimated standard cost of a PCS project is based on the standard costs of items linked to the project, with the project quantity taken into account, estimated surcharges, and estimated standard cost of activities.
Note:- Previously calculated estimated costs are overwritten if estimated cost calculation is performed.
- If the check box is cleared, the estimated project costs are not calculated but defaulted from the Standard Cost by Project (tipcs3560m000) session.
- Overrule Posting Date for Project Related Transactions
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If this check box is selected, and a date is present in the Posting Date Cost/Turnover Sales field, then the Posting Date Cost/Turnover Sales can be used as the transaction date for the following integration transactions that are created during closing of the PCS project:
- Project (PCS) / Project Surcharges
- Project (PCS) / Cost of Goods Sold (General)
- Project (PCS) / General Results
However, the previously mentioned integration transactions only use the Posting Date Cost/Turnover Sales in the Close Project (tipcs2250m000) session if for the involved PCS project the Post Project Transactions on Current Date check box in the Project Details (tipcs2130m000) session is cleared. In that case, the Close Project (tipcs2250m000) session overwrites the Posting Date Cost/Turnover Sales in the Project Details (tipcs2130m000) session during PCS project closure.
If this check box is cleared, the transaction date of the previously mentioned integration transactions equals the Posting Date Cost/Turnover Sales in the Project Details (tipcs2130m000) session, if the Posting Date Cost/Turnover Sales is present. If the Posting Date Cost/Turnover Sales is not present in the Project Details (tipcs2130m000) session, the transaction date equals the moment that you started the Close Project (tipcs2250m000) session.
Note: If the previously mentioned integration transactions are created by the Calculate Standard Costs by Project (tipcs3250m000) session before the PCS project is closed, the transaction date is the Posting Date Cost/Turnover Sales in the Project Details (tipcs2130m000) session. This date can be overwritten by the Close Project (tipcs2250m000) session. - Posting Date Cost/Turnover Sales
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The date entered in the Posting Date Cost/Turnover Sales field for projects which are to be closed and for which the Overrule Posting Date for Project Related Transactions field is Yes.