WBS Settlement and Postings to FI
We are having an issue while doing a manual settlement for a project. The accounting document is being created but charges related to one of the cost elements did not flow to the corresponding GL account in FI. While settlement to the required cost center was done correctly for all the cost elements.
Your input is highly appreciated!!
Ratnakar Venkat replied
All the costs and expenses are posted with P&L accounts in FI and we assign or some time defualt cost object to post to Controlling module for internal reporting purpose.if you clear all these kind of postings in FI.how you will generate P&L statement out of FI module for legal reporting?
please check with your FI business process owner or subject matter expert about the process.
my suggestion if you are collecting cost on WBS and end of the month settle to Cost center and do not post any thing to FI or settle to FI to clear actual postings.