Hello Experts
We are having a problem regarding project settlement. The client has grouping G/L accounts in the P&L for costs and revenues of each business sector as follows:
Revenues:
- Subcontracting Revenues
- Fabrication Revenues
- Medical Equipping Revenues
Expenses
- Subcontracting Cost
- Fabrication Cost
- Medical Equipping Cost
Each sector is leading a project based business. Costs are incurred and revenues are earned via many different G/L accounts and cost elements which are directly posted to the project.
At the end of each period, revenues of all the projects in each sector must be posted to the relevant revenue account. Also costs of all the projects in each sector must be posted to the relevant expense account. This is to be done via project settlement but I can't seem to make the correct configuration to tell the system--> "For assignment "Cost", the settlement receiver is G/L (abc) & for assignment "Revenue", the settlement receiver is G/L (xyz)"
The assignment "Cost" has a cost element group which carries all the primary and secondary cost elements.
The assignment "Revenue" has a cost element group which carries all the primary revenue elements.
I tried to see if I can determine a certain "Assignment" or "Source" to each settlement rule in the project, but the option was not available.
can you please help me figure out the correct configuration to make this business case happen?
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