Add Sub Contract Pre Posting

Explanation

This activity is used to add pre posting on the sub contract. Pre posting is used to track application cost components during the life cycle of a sub contract valuation. The intention is that it designs a default code string, where the code parts are available in the Code Part Values window. This code string will be used in IFS Financials and the pre posting will be used in all financial transactions for applications for payments created by a sub contract.

Since projects can be connected to a sub contract, project pre posting, i.e., if any pre posting exists for the default project on the contract, will be overridden by the sub contract pre posting when valuations are created.

Prerequisites

• The sub contract cannot be in either the Cancelled or Closed status.

System Effects

• Sub Contract pre postings are created.
• If any code part is defined as project pre posting, this code part is disabled.

Window

Sub Contract

Related Window Descriptions

Pre Postings 
Sub Contract

Procedure

1. Open the Sub Contract window and query (F3) for the necessary sub contract.
2. Right-click anywhere on the header, and then click Pre Posting. The Pre Postings dialog box opens.
3. Enter relevant code strings. Click List in the relevant fields to select valid values.
4. Click OK to enter pre posting and then close the dialog box.