Transaction entry definition in general way

[Jaya Santosh Kumar Patchipulusu]

CA PPM Docs says - "Use transactions manually to capture the total cost of investment materials, equipment, labor, and other expenses" - 

So is my understanding correct - If Material or Equipment or Other cost needs to tracked, this Transaction entry would be easy and fast way to post the $'s ? Am I correct?  ( There could be other customized components clients use, but asking OOTB point of view).

Please advise.

[Bill Brown]

Jaya,
Transactions are the OOTB way to enter/track non-labor expenses. Do your best to get every one correct. If an incorrect transaction is entered, a negative value transaction can be entered to offset/negate the incorrect one.

[Liz Williamson]

Bill and Jaya,

A negative transaction is not the way to correct one that might be wrong.  Negative transactions can cause issues with the quantities on the assignments.

Instead, either do a reversal which will completely remove the transaction and enter a new one OR

Do a WIP Adjustment and just change that record to what it should be.  

For instance if the original had a quantity of 8 but it should be 5

Create WIP Adjustment
Find the transaction
Change the quantity to 5.
Save and Return
Approve WIP Adjustment

This will do the behind the scenes accounting to credit 3

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Liz Williamson
Sr. Support Engineer - Clarity
Broadcom
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