Post Equipment Revenue

OBJECTIVE

The Post Equipment Revenue function is used to generate general ledger accounting entries for internal revenue on equipment.

No revenue is calculated for equipment that is linked to a supplier code in Equipment Management if the option Supplier Invoice Reconciliation is installed. As with other equipment, the cost for this equipment is charged to projects identified in hour entries, but the offset is charged to the project, activity and group identified in Project Configuration, Supplier Invoice Reconciliation section. For more details, refer to help (F1) on Reconciling Supplier Hours.

This posting creates a Project-to-Project Transfer. The date used for the transfer is the end date of the date range selected when the created transaction is transferred.

 

If a piece of equipment was used during a period that overlaps two financial periods (in the general ledger), two project-to-project transfer transactions are created. The first will be dated for the last day of the financial period and the second will be dated for the last day of the selected date range.

 

PREREQUISITEs

  • Equipment Management
  • Configuration – Project Management
  • Enter Hours

 

steps

 

maestro* > Time Management > Project Time > Accounting > Post Equipment Revenue

 

Create the equipment posting report

  1. Select the Date Range Selection.

The date range matches the dates for transactions to be posted. The income entry created by the transfer between projects will be posted based on the end date selected in this field.

  1. Click Accept.

The report includes hour transactions for non-transferred equipment that will be transferred automatically when they are posted.

 

See also

  • Equipment Cost Report
  • Project-to-Project Transfer
  • Configuration
  • Equipment Management
  • Reconciling Supplier Hours
  • Supplier Invoice Reconciliation
  • How to Posting Equipment Revenues