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Transfer Work-in-progress Transactions

If the cost/rate matrix has changed and if you want to recalculate the financial transactions to retrieve a new rate, make a WIP Adjustment by creating a WIP transfer. Then, select the Calculate New Rates check box. Transactions use the current rate in the cost/rate matrix that is associated with the investment.

A transfer allows you to make batch WIP adjustments on selected transactions or to batch transfer transactions from one investment to another.

To enable a transfer, you must filter transactions based on the transaction details you want to adjust (or transfer). In addition to a date range, filter on at least one of the following transaction details:

• Investment ID
• Task
• Charge Code
• Resource ID
• Transaction Class
• Input Type Code

Follow these steps:

1. Filter for the posted WIP transaction.

   Transactions that match the criteria display in the list.

2. Select the check box next to each transaction you want to adjust or transfer, and click Transfer.

   The transfer transactions page appears.

3. In the Transfer From section, view the following information:

   Project

   Displays the project for which the transaction was performed.

   Task

   Displays the task associated with the transaction.

   Charge Code

   Displays the charge code associated with the transaction.

   Input Type Code

   Displays the input type code associated with the transaction.

   Resource ID

   Displays the resource against which the billing is posted.

   Transaction Class

   Displays the transaction class for the transaction.

   The information displayed in this section depends on the filter selection you made.

4. Complete the following fields as needed:

   Override Date

   Identifies a new date for the transaction. This field always appears regardless of the filter selections you make. Use the date picker to select a date.

   Project

   Identifies the investment to which the transaction will be transferred. This field is displayed only if Investment ID is selected as a transaction detail in the filter.

   Task

   Identifies the task to which the transaction will be transferred. This field is displayed if Task or Investment ID is selected as a transaction detail in the filter.

   Charge Code

   Identifies the charge code to which the transaction will be transferred. This field is displayed only if Charge Code is selected as a transaction detail in the filter.

   Input Type Code

   Identifies the input type code to which the transaction will be transferred. This field is displayed only if Input Type Code is selected as a transaction detail in the filter.

   Resource ID

   Identifies the resource to which the transaction will be transferred. This field is displayed only if Resource ID is selected as a transaction detail in the filter.

   Calculate New Rates

   Indicates if the rates will be recalculated. Select this check box to recalculate the rates. This field always appears regardless of the filter selections you make.

   Transaction Class

   Identifies the transaction class to which the transaction will be transferred. This field is displayed only if Transaction Class is selected as a transaction detail in the filter.

5. Save the changes.

   The transfer status page appears. If the transfer was not successful, the reason for the failure is displayed.

6. Click Continue to return to the previous page.