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Use Stock GL transaction- Use Stock GL transaction is used to create financial entry based on the GRN which allows the user to consume goods even if they dont don't have the invoice.
There is one default GL account in company master for unbilled purchase.
At the time of GRN following entry will be created
Dr Goods
Cr Unbilled purchase
Then when we record the invoice
Dr Unbilled purchase
Cr Trade Payables
Supplier Price type (by default for projects GL)- It is It is used to fill the prices in the project estimate based on the project price list
Proforma Invoice received estimation- By amount/ by Quantity. By amount, system will take % of
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Deduction type for Damages/Losses- This is used to set the default deduction type for damages and losses. Please check the manual for more details- Project Damages/Losses report
Progressive billing- Revenue is recognized based on progress initially and when invoice is issued to client, only billing account is offset.
Time card expense GL account-In time card document, when allocation of cost is enabled along with Hire resources, GL has to be filled,done and the resources/manpower are hired. The GL are required to create the entry of Time card.
To fill it by default, it can be added in the Contracting settings.
Use position for expense Qty of Hours (In time card)-In time card, positions are used as transaction type
Use Annual Maintenance Contracts-Annual maintenance contracts used for AMC projects, to track the job order and visits.
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