Hi,
I would like to know what the system checks to set the Project Status to "Closed" and when this is done ? I have some projects that I think are "closed" too early.
Thanks.

Hi,

When the project is set to "Closed" a few things are done:

- all final results by means of provisional amounts are posted to Finance.
- the status of the Financial Result of the project is set to "Result Determined" after you run the Process Transactions sessions.
- all WIP costs and Revenues will be reversed and posted to the ledger accounts defined for closing a project.

Of course you have to make sure that the statusses of the elements and activities are "Final". That there are no pending transactions hanging in Purchasing or Distribution (BAAN IV)/ Warehousing (BAAN V).
That all costs and commitments have been approved and posted to Finance.
The system has built in checks for this at the application level but sometimes things may go wrong.

If there is any specific area in Project that you are concerned about please let me know.

Regards,

Edwin

Thanks for your answer, Edwin.
Regards,
Gwen