Project Transactions: Generated Transactions

The release of project transactions can generate the corresponding general ledger transactions; the release of general ledger transactions can also generate the corresponding project transactions. The generated general ledger transactions and project transactions are described in the following sections.

General Ledger Transactions Generated on Project Transaction Release

When a project transaction with the Debit Account and Credit Account specified on the Project Transactions (PM304000) form is released, if the Amount of the transaction is positive, the system generates a batch of the general ledger transactions shown in the following table.


Account	Source of Account	Project Budget Key	Debit	Credit
Debit account	The project transaction	The project, project task, and cost code in the project transaction line	Amount	0.00
Credit account	The project transaction	The project, project task, and cost code in the project transaction line	0.00	Amount

If the Amount of the project transaction is negative on the Project Transactions form, on the release of this transaction, the system generates a batch of the general ledger transactions shown in the following table.


Account	Source of Account	Project Budget Key	Debit	Credit
Debit account	The project transaction	The project, project task, and cost code in the project transaction line	0.00	Amount
Credit account	The project transaction	The project, project task, and cost code in the project transaction line	Amount	0.00

You can view the details of the batch associated with the release of a project transaction by clicking the link in the GL Batch Nbr. column on the Project Transactions form. The system displays the batch on the Journal Transactions (GL301000) form.

Project Transactions Generated on Release of the General Ledger Batch

When a batch of general ledger transactions is released, the system generates the project transactions shown in the following table.


Project Budget Key	Account Group	Debit Account	Credit Account	Amount
The project, project task, and cost code in the GL transaction line	The account group linked to the debit account	Account	Empty	A positive or negative amount

Note:

The sign of the amount of the created project transaction depends on the sign of this amount in the GL transaction line and on the operation in this line. If the account of the GL transaction is debited, this is the debit amount of the GL transaction with the same sign. If the account of the GL transaction is credited, this is the credit amount of the GL transaction with the opposite sign.

You can review the created transactions on the Project Transaction Details (PM401000) form. In the Selection area of this form, you select the project in the Project box. In the table, you can find the project transactions created on the release of the batch of GL transactions by the reference number of the batch in the GL Batch Nbr. column.