Re-open Project

Explanation

Use this activity to re-open a fully completed project. During this activity, it is possible to re-define the set-up of the project, e.g. changing the project type from capitalization to no capitalization.

Prerequisites

The project must have status Completed. All voucher rows related to the project must also be updated to the General Ledger.

System Effects

The whole purpose of doing a re-open of a completed project is to reopen the project for more transactions, without reversing the effect of the completion voucher(s). Hence, no new vouchers will be created from this activity. The project completion date is removed and the set-up of the project can be modified for future transactions. If separate rules for General and Internal Ledger are used for the project, the set-up can be modified separately for GL and IL.

Window

Projects, Project

Related Window Descriptions

Projects, Project

Procedure

1. Select the project that you want to re-open.
2. Right-click and then click Re-open Project. The Re-open Project dialog box appears.
3. Set the required Valid Until date for the project, i.e. the date the project should be valid until when the project has been re-opened.
4. Review the presented set-up information, such as Project Type, Revenue Recognition Method etc. and adjust if necessary. If separate rules for General and Internal Ledger are used for the project, the set-up can be modified separately for GL and IL.
5. Confirm the information.