Learn about Redwood and be one of the first to join the conversation

Visit Redwood Community
What is best practice to Reconcile CIP Account — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

What is best practice to Reconcile CIP Account

Received Response
43
Views
8
Comments
edited Nov 14, 2022 11:25AM in Project Management 8 comments

Summary:

is CIP need to reconcile at Month end or the project closure.

Content (required):

Our client is looking for best practice to reconcile CIP either every period or during Project closure.

is any accounting standard when to do?

what is the pros and cons by doing every period end or project closure?

Version (include the version you are using, if applicable):

22D

Code Snippet (add any code snippets that support your topic, if applicable):

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!