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Enable the Revaluate Funding and Funding Revaluation includes Project Gains and
Lossesoptions at the project type and project level.
2. Enter the Event types for the Realized Gains and Losses in the Billing Tab of the Project Types
window.
3. Setup the Function Transactions for the Realized Gain and Loss accounts for the auto accounting
functions Revenue and Invoice accounts.
Step1:
Enable Funding Revaluation Includes Gains and Losses in the Projects Implementation
Options.
At Project Type level, Enable Revaluate Funding and Funding Revaluation includes Gain
and Loss. Associate the Gain and loss event types .
Query the existing project and setup the Funding revaluation options.
Create Event Types with classifications Realized Gains and Realized Losses and
associated them in the Project Types window mentioned above.
Now we need to setup the Realized Gain and Loss Rules in Auto accounting and assign them
to the existing auto accounting function Revenue and Invoice Accounts.
To do this, first create rules for Realized Loss and Realized Gain . This rule determines which
company account segment the gains/loss should go.
Note: These accounts should be the same as the GL Gain and Loss account setup in
Receivables.
In this example the company account segment to which Realized Gains will go is 0343, alternatively
you can setup SQL as well to dynamically find the
Realized Gain account, but in general there will a single account, so generally constant type is used.
Now that we have created the Loss and Gain rules, we need to assign these rules to the Revenue
and Invoice Function.
For this we need to query this Function in the auto accounting setup and assign the already created
rules to the Realized Gains account and
Navigation : Projects-> Setup -> Auto accounting-> Assign Rules > Query for Revenue and
Invoice Accounts and Find.