Billing Data Flow for Contract Projects

To generate billing, you must: perform the required setup process expenditure transactions generate revenue and invoices and create accounting entries Billing Setup To set up the contract project and related billing information: 1. Project: Create a contract project and related tasks. 2. Budget: Enter a revenue budget for the project. 3. Agreement: Set up one or more agreements, with one or more customers, to define the contractual arrangements between you and your project customers. 4. Funding: Fund the project by associating funding amounts from one or more customer agreements with the project. 5. Baseline: Baseline the project revenue budget. 6. Events: Optionally, at the project level, you can define project events in order to trigger the recognition of revenue, create revenue adjustments, or generate invoices based on event criteria that you specify. Capture Expenditure Information Expenditure transaction information is used to generate revenue. You can capture expenditure transaction data from the following four sources: 1. Enter expenditures: Enter expense reports, timecards, and usage and miscellaneous costs. 2. Import uncosted transactions: Import uncosted labor, expense reports, usage, and miscellaneou s cost transactions using Transaction Import. 3. Imported costed transactions: Import costed, accounted or unaccounted labor, expense reports, usage, and miscellaneous cost transactions using Transaction Import. 4. Supplier invoices: Interfaced supplier invoices. For entered expenditures and imported uncosted transactions, you must run the distribution processes to generate information for the Generate Draft Revenue process. The distribution processes are: Distribute Labor Costs Distribute Usage and Miscellaneous Costs Distribute Expense Report Costs Generate Draft Revenue The Generate Draft Revenue process is the core process for generating billing in Oracle Projects. After you generate draft revenue, you run the following processes to generates customer invoices and process revenue. 1. Run the Interface Revenue to GL process to interface revenue information from Oracle Projects to Oracle General Ledger. Run the Journal Import process in General Ledger to create GL journal entries. Run the Tieback Revenues from GL process to confirm the interfaced and posted amounts. 2. Run the Generate Draft Invoices process to generate customer invoices. After the invoices are reviewed and approved, run the Interface Invoices to AR process to interface the information Oracle Accounts Receivable. Run the Tieback Invoices from Receivables process to confirm the interfaced amounts.

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