Accrual of costs

[David]

How do I best enter costs that are payable 50% at
beginning of a task, and 50% when complete? Prorated
accrual is not an acceptable way to show this.

thanks

 

[Gérard Ducouret]

Hello David,

A solution could consist of creating 2 milestones : One attached to the
begining of the task(SS), the second one to the end of the task(FF). Use the
Fixed cost column to apply 50% of the cost to the first milestone, and 50%
on the other one.

Hope this helps,

Gérard Ducouret [Project MVP]
Prgamsoft ® - Paris

 

[Steve House]

IMHO, task costs are not showing when PAYMENT is made, they show when
the liability is posted into the project budget. How does your 50/50
rule function when you pay 50% of 100 man-hours at the start, work 50
hours, and find that you are going to need 200 hours more to finish for
a total actual cost of 250 man-hours. The primary purpose of the cost
data is to provide budget estimates, cash flow requirement projections,
and monitor project progress metrics - it is not a client time and
billing application nor a accounts payable and receivables or revenue
tracking. It doesn't deal at all with when costs are paid, only when
the work that they're buying is required to be accomplished.