The following describes the accounting transactions the system creates when you report services for a project order.
Prerequisites
The following values are used in the transaction calculations for the purpose of this example:
| Variable | Value |
|---|---|
| Planned element cost | 15 |
| Element line quantity | 3 |
Created transactions
The following transactions are created when services are reported for a project order:
| Transaction type | Description | Amount Debit |
Amount Credit |
|---|---|---|---|
| 778 | Project service report | 45 | |
| 779 | Project service report | 45 |
Calculations
The following equation outlines how the values in this example have been calculated:
| Calculated value | Equation | Calculation |
|---|---|---|
| Service cost | Planned element cost * Element line quantity | 15 * 3 = 45 |
Related topics
- Overview of accounting transactions for project order transactions
- (Accounting) Issue material for a project order
- (Accounting) Report activities for a project order
- (Accounting) Receive purchased items for a project order
- (Accounting) Receive manufactured items for a project order
- (Accounting) Close a project phase
- (Accounting) Invoice a project transaction
- (Accounting) Invoice a project invoice plan