CJ88 Settlement Processing Type

[Former Member]

Hi,

I would like to know the correct "Processing Type" to specify in Actual Settlement run (CJ88) for settling to Asset Under Construction (AUC) and Final Asset. Please confirm if it is correct to use "By Period" for settling to AUC and use "Full Settlement" to settle to Final Assets.

Thanks!

Vivian

[Former Member]

This message was moderated.

[nitin_patoliya]

we enter processing type in the intial screen of project settlement which controlls the settlement process.

With processing type By period : only distribution rules with settlement types to PER ( Periodic Settlement ), PRE( preliminary settlement ) & AUC ( Asset under settlement ) are taken in to account.

How ever settlement to AUC will happens at last. So, if with this sequence if you have maintained any settlement type PRE( Preliminary ) , it will consider it first & therefoe settle cost portions that are not to be capitalised.

If I say in the context of your question,

With the first settlement of WBs sys automaticallty generates a distribution rules for the settlement type AUC. If you don't want to settle all the cost of WBS to AUC, you must enter additional distribution rule for the debit to other receivers that are not to be capitalised. Use settlement type PRE ( Preliminary ) to ensure that these distribution rules are taken into account before the settlement to AUC.

Once the Assset under construction Phase is completed, create a completed asset. We does the same in Cj20n. next, define the distribution rules in the WBS element with settlement type FUL for the cost portion to be capitalised and enter the completed asset as receiver.

Not that distribution rule with settlement type FUL is only taken in to account in the project settlement if you ahve used Partial Capitalisation / automatic as the processing type

So, in short

when you want to settle to AUC use the distribution rules with settlement type AUC (generated by sys) & processing type periodic

when you want to settle to FXA you should use the settlement type Full & processing type partail capitalisation / automatic.

However the processing type Full settlement is used for the settlement rules with distribution rules of settlement type PER ( Periodic ) only, in to check weather the balance still exists in the object after the settlement due to debits to previous periods.

So, don't get confued with settlement type FUL (full settlement ) & processing type Full settlement. ( processing type full settlement has nothing to do with AUC )

Regards

Nitin

Edited by: Nitin Patoliya on Dec 12, 2008 9:43 AM

[nitin_patoliya]

In addition to above,

With Processing type Automatic : the distribution rules with settlement type PER ( Periodic settlement ) are executed before settlement rules with settlement type FUL ( full settlement ). Settlement to assets with settlement type FUL are only taken it to accout after the relevent WBSs are TECO.

however with Processing type Partial Capitalization, the distribution rules for the assets with settlement type FUL are used if the WBS elements is not yet TECO.

This is the difference between this two processing types.

Regards

Nitin

[Former Member]

Yes, ur right.

U do periodical settlement to AUC and once project is completed u do the full settlement to fixed asset.

Venkat