Transaction processing overview

This chapter provides an overview of the transaction processing capabilities of Project Accounting. You can process transactions that you enter directly in Project Accounting as well as transactions that originate in other Lawson and non-Lawson applications. This section also covers special processing such as tracking commitments, processing encumbrances, and capitalizing activities.

Before you can begin processing Project Accounting transactions, you must complete all required setup as described in the Setup section of this user guide. If you are using budget edits, define budgets as described in the Budget section of this user guide. You should also complete Billing and Revenue Management setup if you will be using that application. See the Billing and Revenue Management User Guide for details.