ou have just completed a project in GP and you are ready to close it - or so you think! You go through the "Project Closing" window and it indicates that the project is not ready to be closed. "What do I do now," you may ask.
If you think you have everything completed for a project and you are not sure why it will not close, you may want to run the PA Reconcile utility. What the PA Reconcile Utility does is correct many distribution, cost allocation, payment application, and other discrepancies in your Project Accounting module. Many times, using the Reconcile Utility may be the only way a project can be adjusted so the system will allow a project to be closed. The options available in the utility allow you to reconcile budgets and fees, billings transactions, how cash was applied, or even transactions related to revenue recognition.
If you are seeing inconsistent results in your project accounting inquiry windows or are unable to close a project, running the reconcile process may help correct your issues. The process compares the values in the detail or transactional tables to the values in the summary record, and makes any necessary changes to correct the differences. I recommend that the Project reconcile be run for each of the categories that are available prior to attempting to close every project. Quite often, the reconcile utility will clear items on the project close checklist that are not completed.