How to post costs after project close?

[Former Member]

I wish to post costs to a project ( WBS/Network) after the status is set to close?

Can you please tell me how we can do it.

[Former Member]

Dear Arvind,

In clsd status you cant post the costs againt the wbs.However you can change the status to TECO,here the wbs is not open from the logistics point of view but from accounting point of view you can post the cost to a wbs.after posting you can change the status from teco to clsd.

Regards,

Muzamil

[raghavendra_praveen]

Hi

It is not a best practise to posts to a CO object which is closed. However if you wish to post, then revoke the status CLSD, then status sets to TECO (technically complete). Then revoke the status and post. If TECO is active you cannot post new transactions but can complete already in process transactions.

Thanks

[Former Member]

In the Closed status you can no longer make any changes to the project hierarchy. The status is passed on to subordinate WBS elements.

The status allows

You to post actual costs to orders and networks that are assigned to the WBS element, as long as their status permit this

The status prohibits

You from assigning networks, production orders or CO orders to the WBS element.

You from posting actual costs to the WBS element

The status deactivates assets in construction that are assigned to the WBS element.

You can cancel the Closed status. In this case the system sets the Technically completed status.

However, it is best not to post costs to the subordinate WBS/network either. If required, undo the CLSD status and post.