The following describes the accounting transactions the system creates when you receive purchased items for a project order.
Prerequisites
The following values are used in the transaction calculations for the purpose of this example:
| Variable | Value |
|---|---|
| Issued quantity | 5 |
| Cost (FIFO, average or standard cost) | 100 |
Created transactions
The following transactions are created when activities are reported for a project order:
| Transaction type | Description | Amount Debit |
Amount Credit |
|---|---|---|---|
| 901 | Stock value | 500 | |
| 767 | Reception from supplier proj | 500 | |
| 771 | Project material issue | 500 | |
| 901 | Stock value | 500 |
Calculations
The following equation outlines how the values in this example have been calculated:
| Calculated value | Equation | Calculation |
|---|---|---|
| Stock value | Cost * Issued quantity | 100 * 5 = 500.00 |
Related topics
- Overview of accounting transactions for project order transactions
- (Accounting) Issue material for a project order
- (Accounting) Report services for a project order
- (Accounting) Report activities 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