Cost Amortization in Project Costing

Summary

We need need Cost amortization and release or account to GL from PPM.

Content

Hi Experts,

We have the requirement to amortize the cost accumulated from AP, Inventory and other subledgers, we releasing the cost periodocally, basically need to reclassify to different WIP to COGS accounts.

Accum_Cost 100 - 101.20.101.0000.112251.0000.000 - Debit

                               101.20.000.0000.900106.0000.000 - Credit

 

Reclassify to 

 

Cost 50    101.20.101.0000.500201.5000.000 - Debit

                101.20.000.0000.900106.0000.000 - Credit

 

Can we do this in Project Costing, using standard functionalty, if not, how can we do this through custom process. Attached the document for more details.

 

Regards,

Satish

Satish