WBS- Full settlement not happening to Final asset ?

[Former Member]

Hi Friends,

The WBS element was settled to AUC(automatically created one) periodically for few months in the last year. Now, client would like to do the FULL settlement of WBS to Final asset(not to AUC). But, by default, the settlement is going to AUC instead of final asset though FULL settlement option is selected in CJ88.

Can you please throw some light what changes are to be done in order to enable WBS to settle to final asset ?

Regards

Eswar

[Former Member]

Hello Eswar,

I have come across the same situation and found the reason.

The reason is if WBS is having any balance to settle it will first settle to AUC then only the settlement will happen to FXA (AUC >> FXA)

Settlement is having 2 steps

1st step - WBS - AUC

2nd step - WBS-FXA

In test run, system will update only one step. if the distribution rule maintained correcly user can go with update run

system will show the updated result (that is 2nd Step)

I am noting here for reference

Thanks

VSN

[former_member203108]

There are two ways:

1. You project has been completed and now you want to settle all the debits from AUC to FXA, then you have to set the status of that WBS Element to "TECO" , after setting this status only system will do settlement to Fixed asset or else it will still settle to AUC.

2. Your project is not completed, but still you want to capitalize some of the debits from AUC to an asset, then in this case you have to create a settlement rule with type FUL and in CJ88 , you have to select the Processing type " Partial Capitalization" not "Full Settlement".

[Former Member]

Hi Rafi,

Thank you very much for your reply. If WBS is having more than one distribution rules (can see around 20 distribution rules in WBS, refer my screenshot attached ), which one will be considered for FULL settlement ?

Regards

Eswar

[Former Member]

Hi,

How others know which one to be made as reciever. You are best person knows which one to identifed and make it as actual cost receiver. Else check with business.

As Rafi pointed out clearly, besides his suggestion do the following to send actual costs to one fixed assets since you have multiple receivers.

1. Idnetify the fixed asset receiver from that list. leave it as it is.

2. for remaining receivers, you have to maintain

2.1 From period

2.2 From Fiscal Year

2.3 To Period

2.4 To Fiscal Year

by fixing the period, those recivers will no longer receive the actual cost. The fixed asset receiver which is open will receive the costs after settlement.

Regards,

Sudhakar

[Former Member]

Till date you have done settlement of WBS to AuC. However during final settlement, you are suppose to settle AuC to Fixed Asset. This is the correct procedure.

Please check with your FI-AM consultant for how to settle AuC to Fixed Asset.

Regards,

Mahendra

[Former Member]

Hi,

In the settlement rules of WBS, new distribution rules with receiver as FINAL asset were defined along with existing AUC settlement rule. Now, client would like to execute CJ88 using FULL settlement so that the settlement amount should be settled to FINAL assets based on the distribution rules defined in the WBS settlement rule(pls refer the attached screeshot of settlement rules in WBS).

But, the settlement is not working as expected and the values are getting settled to AUC still though there are distribution rules to final asset and we are running FULL settlement.

Please provide your suggestions considering the above facts.

Regards

Eswar

[sanjeevc]

Execute cj20n click on concern wbs and ctrl f3 where you need to change receiver category as FXA with settlement type FUL.

Regards,

Sanjeev

[sunil_yadav2]

Hi,

if you have not yet settled to AUC than you can create settlement rule using cat-FXA receiver asset number & 100%, ful.

if you have settled to AUC than you have to settle cost from AUC to fixed asset. for this you can use AIAB & AIBU.

thanks

Sunil

[former_member1009083]

Hi,

   In CJ20N , Select the WBS Element. Then go to Edit - Cost - Settlement Rule and check in Settlement Receiver,it should be Asset Code instead of AUC Code and give the settlement type as FUL [Full Settlement]

Regards

Diptadhi