Enter Opening Activity Statistics

Overview

Make sure you have posted outstanding transactions and recognized revenue in your previous job costing program before you set up and use Sage ERP Accpac Project and Job Costing.
Ensure that the contract and projects have an Estimate or Approved status before you enter opening balances.

Use the fields in the top section of the Opening Balances form to enter or select general information for the opening balances document.
- Accept the ***NEW*** entry in the Document Number field to let the program assign the document number using the prefix and next number specified for opening balance documents on the PJC Options form.
- Accept the New status.
- Select the date and the fiscal year and period to which you want to post the document.
- Enter a description and a reference for the opening balance document, using up to 60 characters for each.

Click the Detail button, then use the Detail Opening Balance form to enter opening statistics.
In the Opening Types field, select Activity.

in the Total A/R Customer Receipts field, enter the total received from the customer for this project.

If you use multicurrency, enter the amount in the customer currency.

Enter the total payments made to vendors for this project. In a multicurrency system, you enter the amount in your functional currency.
Enter dates in the date fields, as required.
Click Add to add the statistical information for the project.
Click New, if you want to add information for another project.
Click Close to return to the Opening Balances form.
Click Add to add the opening balances document.
Click Post when you are ready to post the document.

Print the Detailed Transactions Report for a record of the posted opening balance documents.