Cost posting for professional services project

[LeventePosza]

Hello Experts!

We are wondering if the these cost postings are correct and this it what it should look like at the end of the procces for a P&L for example. Currently it looks like this and posted for a consulting gl account:

and this is one of those journel entries:

So the question is, is this correct or is there some missing configuration or just some step missing?

Thank you in advance!

[DavidTabery17 · Accepted solution]

Hi @LeventePosza 

Thank you for sharing your question. If you take a pure look on the cost postings based on the time recording this is the standard system behavior and the standard g/l account. However, usually there is also a posting based on the event based revenue recognition, which is not available in your example, if this is intended this is fine, if not most probably something is missing.

Best regards,

David

[LeventePosza · Accepted solution]

Hi @DavidTabery17 !

In Project Profitability for example a project looks like this:

In the original post it was in the P&L Actuals app, since to the best of my knowledge there it should be zero for reporting. Do you know how it gets zero? I know there is 2 postings for consulting account one debit and credit. Is that why it is 0 in P&L, but shows correct costing value for project profitability?

Thanks in advance

Levente

[DavidTabery17 · Accepted solution]

Hi @LeventePosza,

in general the postings net to 0, if you filter for the project you see only the one part of the postings, the other part of the postings is assigned to the cost center. So if you have a project report or a cost center report you see the postings. On overall P&L it is then 0.

Best regards,

David