MSAMM
Back to course

Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 13 · Project Costing: Capture and Processing

Cost processing and period close

Lesson 139 of 198 · 12 min

Run the cost processing sequence, review unprocessed items, create accounting in draft, review, then final, show entries transferred to the ledger, review the project period status, close the project accounting period, attempt a transaction in the closed period, and show the relationship to the general ledger period. Draft first. Same discipline as everywhere in this catalogue. DO NOT CLOSE WITH UNPROCESSED ITEMS. They do not disappear — they surface next period with the wrong date. Build the client a close checklist. It is the deliverable that makes hypercare survivable.

The full lesson is part of the course

The video, the complete written lesson and the module quiz are included in Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue, with a certificate on completion and a fourteen-day refund window.

See the course and enrol9 free lessons

Get the free lessons by email

We will email you a link to every free lesson in this course. No account needed, and one message only.

In this module: Module 13 · Project Costing: Capture and Processing

  1. 1Where project costs come from
  2. 2Timecards and labour cost
  3. 3Expense reports and supplier invoices
  4. 4Expenditure import
  5. 5Validation and adjustment
  6. 6Commitments
  7. 7Capitalization and asset creation
  8. 8Cost processing and period close
  9. 9What breaks
  10. 10Lab: every source, every error, one closed period