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Forum Post: Shall I select the "Revenue and costs" as Transaction type for Progress billing rule project?

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Hi All, I have created one project based on Time and Material project group and created Billing rule with line type of Progress. In project form I have selected Revenues and costs as transaction type. (project form >Budget and forecast Tab > Transaction types controlled >Revenues and costs) And then I have created project budget by importing from WBS. Budget was approved. And then I tried to enter hour transactions, while creating hour transactions system throws an error " The entry for category 'Design', activity '00492' on project '004587' cannot be posted/approved because it would cause the cost budget to be exceeded by 2,000.00". Can anyone suggest me why this error occurred ? Kindly suggest me. Thanks, Vamsi priya.

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