What is the difference between a WIP Reversal and a WIP Transfer? What do the 'Reverse' and 'Transfer' buttons on the Create WIP Adjustment page?
What is the effect of each function?
Release: All Supported
Component: Clarity PPM Financial Management
The WIP Reversal is a function that allows the transaction to be removed completely from the financial module. When a reversal occurs, the record remains in the PPA_WIP table denoted by the status = 2, however the transaction cannot be seen from the UI, i.e. the transaction cannot be searchable from the either the Create WIP Adjustment page nor the Posted Transactions Review portlet.
After a reversal takes place on the financial side, the approved reversal must then be removed from the project side.
The reversal amount is removed by running the Import Financial Actuals job.
If a WIP reversal for a financial transaction that originated from a timesheet, there will be a discrepancy between the timesheet transaction vs the financial transactions.
To reverse or remove timesheet entries:
The WIP Transfer is a function that allows the transfer of a transaction from one project / task to another project / task combination.
If the originating transaction comes from a voucher transaction entry, use this Transfer button.
The transferred amount is updated on both projects when the Import Financial Actuals job executes.
To use this feature, you have to follow specific steps to transfer to another task within the same project or to transfer another project/task combination. The destination project must have the destination Resource assigned to the destination task before performing the transfer action. If the transaction is selected for transfer and the specified filtering is not performed to show the transaction, the WIP transfer action will not be successful.