Intercompany Billing Special Projects

As part of Intercompany Billing setup, you must create one or more projects for use with Intercompany Billing, and reference them with each organization that will use Intercompany Billing.

Intercompany Billing's Journal entry and labor adjustment transactions use special projects to direct accounting entries to the organization's General Ledger.

Firms typically use one of these strategies to create each special project needed:

• Create a unique project for each Organization.
• Create a unique project with multiple phases or tasks, one for each Organization.

To create these new Project Info Center records, you need to complete only the required fields. You can also specify a descriptive Project Name, or a name beginning with zzz, for easier identification in lookup lists.

Each project record must have:

• An organization that matches the company's Organization for intercompany postings, as specified on the Organization tab of Configuration > Accounting > Company Settings.
• The Available to Accounting users option selected on the General tab, for each company for which the project will be used in Intercompany Billing.
• A Status of Dormant.
• A Charge Type, specified on the Accounting tab, matching the type of entry for which the project will be used:
  • If the special project is used to move overhead, its charge type must be Overhead.
  • If the special project is used to move revenue, its charge type must be Regular.
• On the Accounting tab, a Billing Currency.