Posting Types - Sub Contract Valuation

Introduction

Explained below are the posting controls used in the sub-contract valuation process. When processing a valuation, postings are created in 3 stages.

Receive application
Certify valuation
Match supplier invoice with certificate

It should be noted that postings created when receiving the application, are fully reversed at the point of creating postings for certifying the valuation. Postings created when certifying the valuation are fully reversed when matching the supplier invoice.

Some of the above 3 stages and related postings may not be required based on the value in the Receive Application check box on the sub contract default settings. The Receive Application check box indicates whether a company wishes to go through the steps of receiving the application and then certifying the valuation or directly certify the valuation.

Posting Types

Posting Type	Description	Requires Ledger Account
SCV1	Received Sub Contract Application Cost	No
SCV2	Accrued Received Applications	Yes
SCV3	Certified Application Cost	No
SCV4	Accrued Certified Subcontract Applications	Yes
SCV5	Application Discount	No
SCV6	Application Deduction	No
SCV7	Application Retention	No
SCV8	Application Retention Released	No
SCV9	Certified Application Discount	No
SCV10	Certified Application Deduction	No
SCV11	Certified Application Retention	No
SCV12	Certified Application Retention Released	No
SCV13	Certificate Final Posting	No
SCV14	Certificate Discount Final Posting	No
SCV15	Certificate Deduction Final Posting	No
SCV16	Certificate Retention Final Posting	No
SCV17	Certificate Retention Released Final Posting	No

Available Control Types

Control Type	Description	Data Controlled by
AC1	Fixed value	IFS Accounting Rules
AC2	Pre posting	IFS Accounting Rules
C31*	Purchase Group for Purch Part	Purchasing
C5	Site	MPCCOM
IC1	Supplier Group	Invoice
PRJC7	Project Program	Project Reporting
SUBC1	Sub Contract Type	Sub Contract
SUBC2	Sub Contract Category1	Sub Contract
SUBC3	Sub Contract Category2	Sub Contract
SUBC4*	Sub Contract Item Type	Sub Contract

* This control type can be used to control posting in the sub contract item level. A set of pre-defined item values, i.e., the item type and the purchase group of the item will be used as the control values.

Allowed Combinations of Posting Types and Control Types

Posting Type	Description	AC1	AC2	C31	C5	IC1	PRJC7	SUBC1	SUBC2	SUBC3	SUBC4
SCV1	Received Sub Contract Application Cost	X	X	X	X	X	X	X	X	X	X
SCV2	Accrued Received Applications	X	X	-	X	X	X	X	X	X	-
SCV3	Certified Application Cost	X	X	X	X	X	X	X	X	X	X
SCV4	Accrued Certified Subcontract Applications	X	X	-	X	X	X	X	X	X	-
SCV5	Application Discount	X	X	-	X	X	X	X	X	X	-
SCV6	Application Deduction	X	X	-	X	X	X	X	X	X	-
SCV7	Application Retention	X	X	-	X	X	X	X	X	X	-
SCV8	Application Retention Released	X	X	-	X	X	X	X	X	X	-
SCV9	Certified Application Discount	X	X	-	X	X	X	X	X	X	-
SCV10	Certified Application Deduction	X	X	-	X	X	X	X	X	X	-
SCV11	Certified Application Retention	X	X	-	X	X	X	X	X	X	-
SCV12	Certified Application Retention Released	X	X	-	X	X	X	X	X	X	-
SCV13	Certificate Final Posting	X	X	X	X	X	X	X	X	X	X
SCV14	Certificate Discount Final Posting	X	X	-	X	X	X	X	X	X	-
SCV15	Certificate Deduction Final Posting	X	X	-	X	X	X	X	X	X	-
SCV16	Certificate Retention Final Posting	X	X	-	X	X	X	X	X	X	-
SCV17	Certificate Retention Released Final Posting	X	X	-	X	X	X	X	X	X	-

Connections between Posting Types and Process Activities

Posting Type	Posting Type Description	Activity and Description of Use	Debit /Credit Posting
SCV1	Received Sub Contract Application Cost	The cost identified when receiving an application is posted with this posting control. SCV1 is also used when reversing the above posted received-application-cost at the point of certifying the valuation.	Costs are posted as a debit. A credit posting will be created on reversal.
SCV2	Accrued Received Applications	The preliminary accounts-payable amount identified when receiving application is posted with this posting control. SCV2 is also used when reversing the above posted preliminary account-payable at the point of certifying the valuation.	Posted as a credit. A debit posting will be created on reversal.
SCV3	Certified Application Cost	The preliminary cost identified when certifying the valuation is posted with this posting control. SCV3 is also used when reversing the above posted certified valuation cost at the point of matching with the supplier invoice.	Costs are posted as debit. A credit posting will be created on reversal.
SCV4	Accrued Certified Subcontract Applications	The preliminary accounts payable amount identified when certifying a valuation is posted with this posting control. SCV4 is also used when reversing the above posted preliminary accounts-payable at the point of matching with the supplier invoice.	Posted as a credit. A debit posting will be created on reversal.
SCV5	Application Discount	The discount amount identified when receiving an application is posted with this posting control. SCV5 is also used when reversing the above posted received-application-discount at the point of certifying the valuation.	Posted as a credit. A debit posting will be created on reversal.
SCV6	Application Deduction	The preliminary deduction amount identified when receiving an application is posted with this posting control. SCV6 is also used when reversing the above posted receive-application-deductions at the point of certifying the valuation.	Posted as a credit. A debit posting will be created on reversal.
SCV7	Application Retention	The retention amount identified when receiving an application is posted with this posting control. SCV7 is also used when reversing the above posted receive-application-retention at the point of certifying the valuation.	Posted as a credit. A debit posting will be created on reversal.
SCV8	Application Retention Released	The preliminary retention release value identified when receiving an application is posted with this posting control. SCV8 is also used when reversing the above posted receive-application-retention at the point of certifying the valuation.	Posted as a credit. A debit posting will be created on reversal.
SCV9	Certified Application Discount	The preliminary discount amount identified when certifying a valuation is posted with this posting control. SCV9 is also used when reversing the above posted certified-application-discount at the point of matching with the supplier invoice.	Posted as a credit. A debit posting will be created on reversal.
SCV10	Certified Application Deduction	The preliminary deduction amount identified when certifying a valuation is posted with this posting control. SCV10 is also used when reversing the above posted certified-application-deduction at the point of matching with the supplier invoice.	Posted as a credit. A debit posting will be created on reversal.
SCV11	Certified Application Retention	The preliminary retention amount identified when certifying a valuation is posted with this posting control. SCV11 is also used when reversing the above posted certified-application-retention at the point of matching with the supplier invoice.	Posted as a credit. A debit posting will be created on reversal.
SCV12	Certified Application Retention Released	The preliminary retention release value identified when certifying a valuation is posted with this posting control. SCV12 is also used when reversing the above posted retention-released-certified-valuation at the point of posting the matched supplier invoice.	Posted as a debit. A credit posting will be created on reversal.
SCV13	Certificate Final Posting	The final sub contract cost will be posted with this posting control when posting a supplier invoice.	Posted as a debit.
SCV14	Certificate Discount Final Posting	The final discount amount will be posted with this posting control when posting a supplier invoice.	Posted as a credit.
SCV15	Certificate Deduction Final Posting	The final deduction amount will be posted with this posting control when posting a supplier invoice	Posted as a credit.
SCV16	Certificate Retention Final Posting	The final retention amount will be posted with this posting control at posting a supplier invoice.	Posted as a credit.
SCV17	Certificate Retention Released Final Posting	The final retention released amount will be posted with this posting control when posting a supplier invoice.	Posted as a debit.