PROJECTCOMMITTEDOPENAMOUNT function

Created by Harry Lewis, Modified on Tue, 16 Jul at 9:34 AM by Gabriel Michaud

Applies to

Velixo NX
Velixo Classic
Acumatica, MYOB Acumatica, Cegid

TABLE OF CONTENTS

Applies to
Description
Syntax
Example

Description

The PROJECTCOMMITTEDOPENAMOUNT function returns the current committed open amount of one or more projects and tasks.

Syntax

PROJECTCOMMITTEDOPENAMOUNT(Connection, Project, Task, AccountGroup, CostCode, InventoryItem, UseProjectCurrency)

The PROJECTCOMMITTEDOPENAMOUNT function uses the following parameters (see our article on Filtering Velixo functions):

Parameter	Required/Optional	Description
Connection	Required	The name of the connection as configured in the Connection Manager
Project	Required	The Project(s) to include
Task	Optional	The Task(s) to include
AccountGroup	Optional	The Account Group(s) to include
CostCode	Optional	The Cost Code(s) to include
InventoryItem	Optional	The Inventory Item(s) to include
UseProjectCurrency	Optional	TRUE/FALSE value indicating if the amount should be returned in the project's currency (default = FALSE)

Example

=PROJECTCOMMITTEDOPENAMOUNT("Demo","2017CU01", "02", "SUB", "02450", "<N/A>", TRUE)

Description

Calculates the committed open amount task 02 in project 2017CU01 (filtered by the specified AccountGroup, CostCode, and InventoryItem) and returns the value in the project's defined currency

Result

37000

Note on how Acumatica computes the Committed Open Amount:

The list of commitments can be viewed on the Commitments page (PM306000). The original commitment amount is displayed in the Original Committed Amount column and the actual commitment amount is shown in the Revised Committed Amount column of each line.

When a purchase order is received, the system updates the Committed Received Quantity and reduces the Committed Open Amount of the commitment line:

Committed Open Amount = Committed Open Amount −

Revised Committed Amount * Committed Received Quantity / Revised Committed Quantity.

If a purchase order is cancelled or has been partially received, the incomplete amounts are subtracted from the Committed Open Amount. After a purchase order has been closed, the Committed Open Amount becomes zero.