Cost Plan - Updating Fiscal period end
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12-20-2018 06:43 AM
Hello,
I have a question about good practices.
I created a Project during 2018, and declare Cost Plans for it. When i created Cost Plans i filled fiscal period start/end on the current fiscal year FY18-M01 to FY18-M12.
Now we are at the end of 2018 and i would like to extend my Cost Plans to 2019 by setting fiscal end period to FY19-M12.
By doing that, the system create new lines for FY19-M01 to FY19-M12 in Cost Plan Breakdowns => OK
But the system do also a recalculation of the cost column on all lines in the Cost Plan Breakdowns, even the lines relative to the closed fiscal periods. So i loose informations previously set for FY18 => it's annoying 😞
On Jakarta (our current release), lines for closed periods are read only for cost column. I see on Kingston that we can modify cost even for line on closed periods. Whatever, i don't want to edit each breakdowns lines each time i update the fiscal end period of the Cost Plan.
So it seems to me that the best solution is to avoid modification of the fiscal end period of the Cost Plans, and prefer to create new Cost Plans each new year.
How do you do on your side for projects with a end date not really known and which must be extended each year ?
Maybe i have to specify that we use projects only for the financial part.
Regards.
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Cost Management
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Financial Management
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07-04-2019 09:58 PM
Hi aymericb,
You can use financials tab from project workspace to update cost of breakdowns.That way it retains old breakdowns cost and rolls up cost updated from new breakdown. fiscal period of cost plan also will be updated.
thanks,
Vinay.