New setting for updating of Actual Cost

7 May 2025
1 min read

A new setting is now available on individual WBS elements: SetActualCostEqualToBookedPlusAccruals.

A common definition of Actual Cost is the sum of approved booked transactions and accruals. In other words, it includes both recorded costs and those incurred but not yet booked. When importing transactions from the accounting system, accruals may or may not be included—this depends on the company's setup.

For those who want the Actual Cost to reflect the total of all accounting system transactions, including accruals, this setting can be used to automatically calculate and set the Actual Cost accordingly.

Here is what you need to do to use this feature:

  • Check the setting 'SetActualCostEqualToBookedPlusAccruals
  • Mark all transactions that are of type 'Accrual' as 'IsAccrual' (this is done as part of the interface with the accoutning system)