• 1.  Transaction entry definition in general way

    Posted 10-17-2021 08:09 AM

    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.

  • 2.  RE: Transaction entry definition in general way

    Posted 10-18-2021 07:15 AM
    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.

  • 3.  RE: Transaction entry definition in general way

    Broadcom Employee
    Posted 10-18-2021 09:06 AM
    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

    Liz Williamson
    Sr. Support Engineer - Clarity