Actuals impact for an internal project
Applies to: Project Operations for resource/non-stocked based scenarios, Lite deployment - deal to proforma invoicing
The following table lists the actuals of different transaction types that are created at various events in an internal project engagement.
| Event | Cost actual | Example |
|---|---|---|
| Time is created. | Not applicable | Bob Kozack, from the Fabrikam US organizational unit that has a cost rate of 100 US dollars (USD 100) per hour, is working on a project that is named "Arm Installation at Adatum." This project is mapped to a fixed price billing method on the contract line. Here is a sample time entry from Bob Kozak: Bob Kozack - 8 hours |
| Time is submitted. | Not applicable | A cost journal line is created for the time entry. The default cost rate is entered in the journal entry. |
| The time entry is recalled before it's approved. | Not applicable | |
| Time is approved. | A cost actual is created. | New actual that is created:
|
| The time approval is canceled. | The adjustment status of the original cost actual is updated to Adjusted. A reversal cost actual is created that has an adjustment status of Unadjustable. |
Existing actual that is updated:
New actual that is created to reverse the previous financial impact:
|
| The time entry is recalled after it's approved. | The adjustment status of the original cost actual is updated to Adjusted. A reversal cost actual is created that has an adjustment status of Unadjustable. |
Existing actual that is updated:
New actual that is created to reverse the previous financial impact:
|