Re-estimation of Prices at Month End |
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Upon month-end closing, revaluation of all assets is a mandatory function. This revaluation will trigger updates on all accrual values populated in cost sheets.
Re-estimation Feature This feature can be found on the screen to open and close financial periods. A user will need the Recalculate all estimated prices permission (under Contracts permissions) to see the line Prices to re-estimate and the Re-estimate link.
The first number shown, 662 is the number of contract deliveries that will need to be re-estimated from the total number of contract deliveries (also 662 in this example). To start re-estimation, select the Re-estimate link. This will bring up the Recalculate estimated prices screen.
Note: Re-estimation may take some time depending on how many items there are to process. If possible, you should do a re-estimation at the end of business or when the the system is not in heavy use so the re-estimation process runs as quickly as possible. |