Enable Accounted Costs Import for Closed Project Periods

Import accounted costs even when the project period is closed, and account the applicable burden cost and accrued revenue in the next open period.

To enable accounted costs import when project periods are closed:

1. Open the Manage Project Transaction Source task in the Setup and Maintenance work area.

2. In the Manage Project Transaction Sources page, select the Transaction Source. The list of documents in the transaction source that you selected appears in a section below the list of project transaction sources.

3. Select the Transaction Document and click Edit.

4. Enable the Import accounted cost when project periods are closed option.

5. Click Save and Close.

The Import accounted cost when project periods are closed option will only be available when the Accounted in Source Application entry is one of the following:

• Raw

• Raw and burdened

• Raw and burden

• Raw, burden, and burdened

Note: Burden costs associated with imported transactions are accounted in the same accounting period as the raw cost if the General Ledger accounting period is open. If you import transactions at a time when the General Ledger accounting period is closed, you must sweep the accounting events generated to the next period.