Actuals impact during the presales stage of an engagement
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 during the presales stage of a 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. For example, a 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:
|
| 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:
|
| The quote is won, and a contract is created. | The adjustment status of the old cost actuals is updated to Adjusted. Reversal cost actuals are created that have an adjustment status of Unadjustable. New cost actuals are created after the contractual rules are reevaluated. |
Existing actual that is updated:
New actual that is created to reverse the previous financial impact:
New actuals that are created for the reevaluated financial impact when the quote is won and the contract is created:
|