To close a project
A project can be closed only after all the transactions related to the project are closed.
To close a project, in the Project Status (tppdm6107s000) session the Financial Result Status field is set to Determine Result.
Note: This field is enabled only if the status of the project is Finished.
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.