Setting up Project Accounting

Depending on your business needs, you might also need to set up the Project Accounting application. This procedure outlines the information you must define in Project Accounting if you are going to set it up.

The information you define include setting up activity codes. You can associate an activity and an account category with a requisition. If you specify, Requisitions validates the information in Project Accounting. Also if applicable, you define Project Accounting commitments.

Set up Project Accounting

  1. Access Activity (AC10.1) and define activity codes to identify the actual tasks that make up an activity group.
  2. Make a list of account categories and the general ledger accounts related to activity codes. You must assign account categories to activity codes before you can do budgeting or transaction processing.
  3. Access System Codes, Commitments (GL01.4) to assign system codes for activities commitments (if you are going to use commitments).

    For more information, see the Project Accounting User Guide.