Allowed GR reversal affecting the project costs

[Former Member]

Hi,

We have just performed our month-end settlement but when we are tallying our project costs and project costs clearing accounts, we have noted discrepancies. The discrepancies were from the reversals of GR for projects costs that were already settled. Is this really the standard of the system? To allow reversal of GR even if project costs were already settled to AUC?

[Former Member]

Hi vicky,

Can u explain Clearly.

thanqu

raj

[Former Member]

Hi,

Suppose take a material A for which in month Jan you created a requirement PR-PO for the same, after that you did GR for the same in same month of Jan. Then you perform period end process for Jan., so your jan month will have actual of that material with respect to that CO object which will have actual posting in GL for that month. Now, in Feb general procees after period end process of jan, you reverse the GR with respect the present period that Feb. and and now you compare the value of settlement and present Account's value which would not match, so it will match once you settle this present updates with respet that material for the same CO object, then it will match with account's values

Best Regards

Vicky

[Former Member]

Hi,

It may happen that you must have done GR for the material in last month and then you must done settlement for that period, now in present month you may reversed the GR for that materila with respect present month or period. so when you perform the settlement for present month and than you tally the Project cost with project account details it will match except for those in WIP cost.

Regards

Vicky