How do I post a project only transaction?

Summary

This guide explains how to post a charge or a credit against a project in Sage 50 Accounts Professional.

Description

There are two types of project only transaction:

  • Project Charge (CD) - Increases the actual cost of the project.
  • Project Credit (CC) - Reduces the actual cost of the project.

These appear as CC and CD transaction types on the activity of your project and they don't affect your audit trail or stock history. You can't delete project charges and credits, if required, to reverse them you must post the opposite entry.

Resolution

Post a project only charge - CD

  1. Click Projects then click Project charges.
  2. Enter the details of the cost into the boxes provided, one line per cost.
    Project RefEither enter or from the drop-down list choose the project reference.
    DateEnter the date for the cost.
    ReferenceEnter a reference for the cost.
    DetailsEnter the cost details.
    Resource

    If you have regular postings against a project, for example, a plumber or electrician who always has the same rate and cost code, to save time, you can set up resources. Read more >

    Either enter or from the drop-down list choose a resource.

    Cost CodeEither enter or from the drop-down list choose a cost code.
    QuantityEnter the quantity for the cost.
    RateIf you entered a resource, the default rate for that resource appears. If required, you can change this.
    Total CostWhen you enter a quantity the cost is calculated and appears in the Total Cost column.
  3. Click Save and click Close.

Post a project only credit - CC

  1. Click Projects and click Project credits.
  2. Enter the details of the credit into the boxes provided, one line per cost.
    Project RefEither enter or from the drop-down list choose the project reference.
    DateEnter the date for the credit.
    ReferenceEnter a reference for the credit.
    DetailsEnter the credit details.
    Resource

    If you have regular postings against a project, for example, a plumber or electrician who always has the same rate and cost code, to save time, you can set up resources. Read more >

    Either enter or from the drop-down list choose a resource.

    Cost CodeEither enter or from the drop-down list choose a cost code.
    QuantityEnter the quantity for the credit.
    RateIf you entered a resource, the default rate for that resource appears. If required, you can change this.
    Total CostWhen you enter a quantity the credit is calculated and appears in the Total Cost column.
  3. Click Save and click Close.

Correct a project only transaction

To correct a project only transaction, you make a manual correction by posting the opposite transaction:

  • To correct a project only charge, CD - post a project only credit, CC.
  • To correct a project only credit, CC - post a project only charge, CD.


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Solution Properties

Solution ID
200427112323407
Last Modified Date
Tue Nov 22 11:00:15 UTC 2022
Attributes
Product Details
Modules: Inventory Optimization
Modules: Project accounting
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