Dear experts,
After Issuing Material to Project, GL effect should be Debit to Stock and Credit to Project WIP & after Revenue Recognition, GL effect should be Debit to Project WIP and Credit to Project Cost. Correct me if I am wrong.
User did the below mentioned activities
- Created New Project & WBS Phases.
- Assigned Jobs to Project & WBS Phases.
- Issued Material to Job.
- Open Project and Run the Build Project Analysis.
- Run the Revenue Recognition.
- Run the Capture Cos/WIP Activity process
- Run Inventory/WIP Report & checked that cost not hits to the Project for your reference pdf file is attached.
Inventory WIP Reconciliation Report-001750.pdf (68.5 KB)
In inventory WIP report , You can see that
- First Transaction is Material Issued
- Second transaction is credit to Project WIP.
- After Revenue Reorganization third and fourth entry is missing which will hit to the Project Cost.
could you please suggest, how to resolve this issue?