Transaction Document Import and Accounting Options
Specify import and accounting options in the transaction document to define how cost transactions are imported and processed.
Transaction Import Options
Specify document import options to control how the application imports transactions that are associated with documents. Here is a list of import options for each document.
Import Options |
Description |
---|---|
Import raw cost amounts |
Import raw cost amounts from transactions listed in a document. |
Import burdened cost amounts |
Import burdened cost amounts from transactions listed in a document. |
Allow duplicate reference |
Allow multiple transactions from a document to have the same original transaction reference value. |
Allow override of person organization |
Override the primary human resources assignment organization of the persons associated with the transactions in a document. |
Revalidate during import |
Revalidate cost transactions that you import from a document. This option is available for all the documents for the following predefined sources:
|
Requires expenditure batch approval |
Specify that the imported cost requires expenditure batch approval. |
Transaction Accounting Options
Accounting options that you define for documents impact how the application accounts transactions for that document. Here is a list of the accounting options for each document.
Accounting Options |
Description |
---|---|
Accounted in source application |
Select this option to specify that cost transactions must be accounted in the source application. That is, you must account for raw, burden, or burdened costs externally. If the raw cost, burden, or burdened cost is accounted in the source, then the respective general ledger accounts are required to import the transactions successfully. |
Create raw cost accounting journal entries |
Select this option to create raw cost accounting journal entries on transactions. This option is applicable only when the cost is not accounted in the source application. |
Create adjustment accounting journal entries |
Select this option to create adjustment accounting journals entries on transactions. You must select the Create raw cost accounting journal entries and Create adjustment accounting journal entries options if you plan to cross-charge or capitalize costs. Note: You must select the Create
raw cost accounting journal entries and Create adjustment accounting journal entries options if you plan to cross-charge or capitalize costs.
|
Import accounted cost when project periods are closed |
Select this option to import accounted costs even when the project period is closed. Transactions accounted in Payables, Cost Management, or third-party applications that are accounted in the source system can skip import costs validations if the project period status is closed or close pending. However, you must account the applicable burden cost and accrued revenue in the next open period. |