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settlement

Former Member
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Dear Friends,

Does anyone know answer to following?

Can we settle actual Cost on WBS element (to appropriate receiver) before technically closing it?

Or Actual cost is to be settled after TECO only?

In my case if I settle actual cost on WBS element before TECO, WIP value is getting reduced by amount equal to settlement amount, which should not happen.

Thanks,

SSanjay

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Answers (1)

Answers (1)

Former Member
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hi..

yes, you can do settlement even if TECO has not been set..

however, for customer-based projects, you do settlement after results analysis is performed. Settlement only settles the objects which have already undergone results analysis (WBS elements & orders with own WIP). For orders and WBS elements that dont have their own WIP should have a settlement profile "do not settle"

regards..