| # To close a project A project can be closed only after all the transactions related to the project are closed. To close a project, in the Project Status (tppdm6107s000) session the Financial Result Status field is set to Determine Result. Note This field is enabled only if the status of the project is Finished. Before closing the project, performs the following checks, specific to the project: All the PRP orders are processed. All the sales orders pegged to the project are processed. All the purchase requisitions are processed. All the RFQs are processed. All the purchase orders are processed. All the purchase schedules and deliveries are closed. All the contract deliverables and contract deliverable schedules linked to the project are processed. All the warehousing orders are processed. All the service orders are processed. All the transactions in the People module are processed. No inventory is present in the warehouse. All the extensions are processed. All the revenue transactions are displayed in Cost History (tpppc2850m000) session. All the lines with sales amount <> 0 in the project cost history are invoiced. All records for revenue recognition (RR) and cost of goods sold (COGS) are processed. All the installments and advance invoices are processed. For capital projects, the data for asset extension and asset number is captured. The holdback linked to the project must be processed. The transferred unit rate linked to the project must be processed. The project shipments linked to the contract or contract line (CLIN), for which the invoice type is Delivery Based, must be processed. The progress payments requests linked to the project must be processed. The approved fees/penalties linked to the project must be processed. The status of the project deliverables and the contract deliverables must be Closed. Related topics Create fees and penalties for contract |