Configuration of Project Material Management: Default Accounts in Projects and Project Tasks

You can use projects and project tasks as a source of accounts and subaccounts in sales documents, purchase documents, and inventory transactions.

On the Defaults tab of the Projects (PM301000) form and the Summary tab of the Project Tasks (PM302000) form, you specify the following accounting settings:

• The Default Sales Account and Default Sales Subaccount to be used in billing documents and allocations for the project.

  If the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form, you must specify the default sales subaccount for a project and each project task if the default sales account is specified.

• The Default Cost Account and Default Cost Subaccount to be used in purchase documents and allocations for the project.

  If the Subaccounts feature is enabled on the Enable/Disable Features form, you must specify the default cost subaccount for a project and each project task if the default cost account is specified.

To post GL transactions for stock items purchased or sold for projects to separate accounts and subaccounts, you need to set up a separate posting class for these items. For details, see Configuration of Project Material Management: Posting Classes for Stock Items. When the posting class has been set up, you adjust the posting settings for the sales and purchase documents, as described in Configuration of Project Material Management: Posting Classes for Purchase Documents and Configuration of Project Material Management: Posting Classes for Sales Documents.