Will Project Budget be available again after settlement to AUC/final asset?

[Former Member]

I would like to know if my project budget will become available again once I settle costs to AUC and to Final asset (or settle directly to final asset w/o AUC).

Letu2019s say my original budget for WBS is 5000, cost was posted to the WBS u2013 4000, now I settle the 4000 cost to AUC (and eventually from AUC to final asset). Will this mean the entire 5000 will be available again since the cost has been settled from WBS to AUC (and eventually fixed asset)?

Thanks!

Vivian

[nitin_patoliya]

If you have Budgeted WBS element and than after you does any cost postings against that WBS. you budget get consumed by that actual cost.

however, WBS element is capturing cost for the period of project duration that cost has to transfer to FI/ CO , finally so, at the period-end we does the settlement & transfer taht cost to cost center , PA , asset etc....

So, no point that after settlement your budget will be your initial budget.

Regards

Nitin

[former_member743677]

Dear Vivian,

The total budget allocated to you was 5000. So you have only 5000 to execute the project.

You have used 4000 so far and settled to the asset. So you have only 1000 remaining.

The budget value will not become 5000 again.