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    Accounting Transactions For Revenue

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    kvk revr
    Oracle Projects uses an AutoAccounting process to determine the appropriate general ledger accounts for revenue transactions. It creates borrowed and lent revenue distribution lines when projects use a specific distribution rule and those options are enabled. When invoices are interfaced to Oracle Receivables, another AutoAccounting run occurs to assign general ledger accounts. Several examples are provided to illustrate how revenue and invoices are handled under different scenarios.

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    Accounting Transactions For Revenue

    Uploaded by

    kvk revr
    80 views4 pages
    Oracle Projects uses an AutoAccounting process to determine the appropriate general ledger accounts for revenue transactions. It creates borrowed and lent revenue distribution lines when projects use a specific distribution rule and those options are enabled. When invoices are interfaced to Oracle Receivables, another AutoAccounting run occurs to assign general ledger accounts. Several examples are provided to illustrate how revenue and invoices are handled under different scenarios.

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    Oracle Projects uses an AutoAccounting process to determine the appropriate general ledger accounts for revenue transactions. It creates borrowed and lent revenue distribution lines when projects use a specific distribution rule and those options are enabled. When invoices are interfaced to Oracle Receivables, another AutoAccounting run occurs to assign general ledger accounts. Several examples are provided to illustrate how revenue and invoices are handled under different scenarios.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    80 views4 pages

    Accounting Transactions For Revenue

    Uploaded by

    kvk revr
    Oracle Projects uses an AutoAccounting process to determine the appropriate general ledger accounts for revenue transactions. It creates borrowed and lent revenue distribution lines when projects use a specific distribution rule and those options are enabled. When invoices are interfaced to Oracle Receivables, another AutoAccounting run occurs to assign general ledger accounts. Several examples are provided to illustrate how revenue and invoices are handled under different scenarios.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Accounting Transactions for Revenue


    The following examples illustrate how Oracle Projects accounts for revenue
    transactions.

    Revenue

    Once revenue is created, Oracle Projects runs AutoAccounting to determine the


    appropriate general ledger accounts. AutoAccounting selects all of the
    AutoAccounting parameters for each item or event, determines the account coding,
    validates the account coding against the general ledger, and updates each revenue
    distribution line with the appropriate account.

    Any items or events that fail in AutoAccounting are marked accordingly, and the
    associated draft revenue is marked with a generation error. See: Overview of
    AutoAccounting.

    Borrowed and Lent Revenue

    Oracle Projects creates borrowed and lent revenue distribution lines for projects
    that use a distribution rule of WORK and has borrowed and lent AutoAccounting
    rules enabled.

    If borrowed and lent is enabled for labor, Oracle Projects creates borrowed and lent
    revenue distribution lines for each labor expenditure item for which the employee
    organization is different from the project organization.

    If borrowed and lent is enabled for usage, Oracle Projects creates borrowed and
    lent revenue distribution lines for each usage expenditure item for which the non-
    labor resource organization is different from the project organization.

    You can specify the percent to use for borrowed and lent revenue by setting the
    PA: Borrowed Lent Percentage Amount profile option. For example, you company
    may have a policy that a borrowing organization receives 20% credit for revenue,
    while the receiving organization gets 80% of the revenue. Assuming your
    AutoAccounting setup credits the revenue to the lending organizations, your
    borrowed and lent percentage is 20%.

    Revenue
    Oracle Projects creates these transactions during the revenue generation process.

    Invoice

    When invoices are interfaced to Oracle Receivables, Oracle Projects runs


    AutoAccounting to determine the appropriate general ledger accounts.

    Invoice

    Oracle Projects creates this entry when the Interface Invoices to Oracle
    Receivables process is run.

    Collections

    Oracle Receivables creates this entry.

    Examples of Revenue and Invoice Accounting Transactions

    Example 1: Accrue prior to billing


    Example 2: Invoice prior to accrual

    Example 3: Accrue prior to invoicing and invoice partial amount of work

    Example 4: Pre-bill and accrue more than pre-bill


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