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Project Costing clearing account

in Project Management 1 comment

Summary:

Hello!

I'm wondering if somehow the capitalization can generate accounting from project costing. The thing is that the bussiness have defined 3 different templates, and this templates have a different clearing account besides the fixed assets, give you the sample:

When an Invoice is registered as project:

AP :

1601901 (Clearing project account) Dr.

2011301 (Account payables ) Cr.

When the project is being capitalized

PC ---> Transfer Assets

The accounting process is on Assets module and it's like the following:

1501101 (Cost of asset) Dr.

1691101 (Assets Clearing Account) Cr.

And then the users enter a manual journal to clear the accounts as following:

1691101 (Assets Clearing Account) Dr.

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