Hi Guys.
We want to open new Project where part of its expenses is 2009 ( Items received now ), and the remaining parts will be received in 2010,at the same time we want to control both expenses 2009 & 2010 under this new project, to have a report showing all its expenses.
Furthermore, what will be the accounting impact on our records and the project, when 2009 period is closed, and what is the best practice to do so???
Your prompt reply is highly appreciated
We want to open new Project where part of its expenses is 2009 ( Items received now ), and the remaining parts will be received in 2010,at the same time we want to control both expenses 2009 & 2010 under this new project, to have a report showing all its expenses.
Furthermore, what will be the accounting impact on our records and the project, when 2009 period is closed, and what is the best practice to do so???
Your prompt reply is highly appreciated
