Cost Accrual Requirement:

1. Creation of Cost Accrual offset event automatically when the Cost Accrual event was created for a Project.
2. Auto accounting for Cost accrual - Reversal of deferred cost balance
Step No Step Description Source
1 Calculation of Cost accrual amount Manual
2 Cost Accrual events entered in PA Revenue events (+ve) More4apps
Modify the existing/new billing extension to create the offset
event automatically (-ve) OR GF PA
3
Scheduled Job to create negative offset event based on the Cost
accrual events that got created in PA GF PA
4 Assign the billing extension to the LMR/P1 Projects GF PA
5 Auto Accounting for Cost accrual and cost accrual offset events GF PA
6 Generate Draft Revenue for range of Projects GF PA
7 Create Revenue Accounting Events GF PA
Create Accounting GF PA
8
Revenue Accounting:
Auto Accounting creates the reversal of deferred cost while
Create Accounting based on the Event Revenue Function.
event was created for a Project.

Setups/Changes Comments

Billing extension logic

Concurrent program code

Project Template setup
Auto Accounting setup change
Custom scheduled program
Standard Program
Reversal of Deferred Cost balance

P&L Account Dr
To Deferred Cost Account
Unbilled Receivables Account Dr 0
To Revenue Account 0