Result Analysis of Projects and convert the expense into WIP

[Former Member]

Hi Friends,

I am stucked in finding the Work in progress for my project.

I am consuming the raw materials , semi finished goods and external services.

whenever i will comsume the material or take the external services, all gets booked to P&L GLs (Comsumption account)

for eg.

for Project 1

Raw material consumption : $ 1000

Semi finished goods consumption in project : $ 2000

External Service procured : $ 4000

planned revenue : $ 10000

at the end of the month i have expend a total of $ 7000 .

for Project 2

Raw material consumption : $ 1000

Semi finished goods consumption in project : $ 2000

External Service procured : $ 4000

there is no planned revenue. i may get the revenue later.

at the end of the month i have expend a total of $ 7000 .

but there is no revenue planned at this stage.

i have to do the same in system

i want to know the procedure how will carry out this conversion.

you can mail me the solution or any file at pandey_arunesh@rediffmail.com

regards

Arunesh

[Former Member]

Hello,

If I have understood your requirement correctly, you need to capitalize the expenses incurred on the project as long as there is no planned revenue.

To do this, you can customize your RA valuation method. You do this in OKG3. If you give more information, specific response can be given.

Thanks,

Sourabh