How Do I Use the Project Classification Field?
Use the system-defined project classification to classify your projects into similar categories.
The available Project Classifications include: Bid & Proposal, Common Inv, Direct Project, Indirect, Interco - Multi, Inter-Company, IR&D, and Work-in-Process. Most of these are used primarily for reporting purposes. The Revenue Summary Report and the Revenue Worksheet can be sorted by project classification.
The Work-in-Process project classification produces special processing for projects that were assigned this classification. The Project Status Report is printed in a WIP format for these projects and the Create Cost of Goods Sold Entries process only selects projects for processing that have been assigned the WORK IN PROCESS Project Classification.