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 | Debit | Credit |
|---|---|---|---|
| Debit account | The project transaction | Amount | 0.00 |
| Credit account | The project transaction | 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 | Debit | Credit |
|---|---|---|---|
| Credit account | The project transaction | Amount | 0.00 |
| Debit account | The project transaction | 0.00 | Amount |
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. The sign of the amount of the created project transaction depends on whether the account of the general ledger transaction is debited or credited.
| Debit Account | Credit Account | Source of Account | Amount |
|---|---|---|---|
| Account | Empty | GL batch | Debit amount |
| Account | Empty | GL batch | Negative credit amount |
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.