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Planned and Actual Costs against WBS

Hello,

At my current client, I have a requirement where I have to define some cost elemnts and assign value categories to them. The VC are for example - Removal Cost,Capital Contribution Cost.

These Cost are some type of advances and are paid by customer before the project starts (sort of downpayment)

My questions are as follows:

1.How do I post Plan Cost against WBS for such costs? In detailed cost planning we can plan againts Primary cost elements and I have assigned secondary cost element to Value Categories.

2.How do I post actuals for such costs?

3.Can these costs be posted/planned as negative costs, as the payment is received in advance and should be subtracted from total costs?

The main ponint is that the client dont want these cost as Revenues.

Please suggest if anybody is aware of some alternate solution for this.

Thanks

Sarang

Former Member
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