Can anyone explain me , what is chargebacks and why it is used in Clarity PPM?
Chargebacks represent the inter-account transfers of investment or service costs to departments. Chargebacks debit (or charge) departments for their shared cost of investments or services that were delivered during a specified period. A chargeback represents the debit-side of an accounting system. A corresponding credit is issued to departments that provide the investment or service crediting them for the work they completed during a specified period.
To process chargeback transactions, set up general ledger accounts and create chargeback rules, such as standard debit rules, credit rules, or overhead rules. The rules you create depend on the type of chargeback processing you want to implement.
Rules drive chargebacks and credits and determine the shared costs of investments and services. A chargeback rule is a set of unique properties that are matched to transactions when debiting and crediting departments. Chargeback rules are composed of:
The following debit and credit rules are supported:
Please check this -
Thanks for the information on Chargebacks.
I am not very good at financial terms like general ledger an all. We have a requirement in which all the project fundings from different business units need to shown/store somewhere. The no.of business units and units name can vary with years. So, can chargebacks be used for this purpose and how?
I don't think you need to go that far (to charge-backs) then
Check this -
Also, check this -
This might help as well -
I went through all the links and from the links content, I understood that for cross funding, we must create new charge codes for funding and transaction classes in Clarity. These charge codes can be applied at task level.
Let me know if I have understood it correct.
If possible, can you please explain me this with a simple example.
2 threads, 2 ways -
1. Create charge codes at the task level, but beware of the warning in https://communities.ca.com/message/2283201#2283201
2. Create sub-projects and roll-up to a master project (as mentioned by Dave) in the thread - https://communities.ca.com/message/12321097#12321097 : This would be a better approach, I guess
thanks a lot NJ.
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