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Loss Order Result Analysis

Former Member
0 Kudos

Dear All

We have some projects where we have losses. We did setting for Loss calculation. In the first period, we have a cost on project but no revenue. System is not posting any value to loss and provision account. Kindly note that we have Revenue Based percentage of completion

Can someone tell me what setting should we do in Valuation method for Loss.

Regards

Accepted Solutions (0)

Answers (2)

Answers (2)

stheurkar
Active Contributor
0 Kudos

Dear Farhan,

On this take your FICO consultant help.

Sandeep

Former Member
0 Kudos

Hi,

In this case when you have actual costs on projects and no Revenues then system should post a debit entry to WIP B/S and credit entry into WIP P/L.Please maintain the GL accounts in Define Posting rules for Settlement to accounting.

Run KKA2 here system will calculate WIP and settle by CJ88 then only you can see the accounting documents.

Regards,

Muzamil