Project-Related Value Flow
If project cost accounting is activated, the entire material and value flow can be maintained in a project-related view. The project reference information can be transferred from the part of the process that initiated the requirement to the part that fulfills that requirement. This includes all levels of the procurement through to the storage quantity. The connection to valuation ensures the project-related value flow and the posting of the material/production costs transfer the value flow to accounting.
Stay on top of project costs
With the help of project cost accounting you always know where costs are incurred, how they develop, and what caused them.
Project Cost Types
With the use of project cost types, which can be used for P&L as well as for balance sheet accounts, consolidation structures are created in the entries at the intersection of the project, cost type and entry amount. These are the basis for possible project-related reporting. The project structure, for example, mapping main and sub projects, also enables evaluations on different consolidation levels.
Everything project related
From scheduling, procurement, warehousing, valuation, and cost accounting to evaluation of P&L and balance sheets, it's all performed project related.