Oracle Projects Revenue Generation FAQ

Here are some of the frequently asked questions during Projects Revenue Generation. 1. Why is Revenue generated even after Bill Hold is set to Yes for the Event? The Bill Hold field on the Event Form is used to keep a particular event from being included on an invoice during the Generate Draft Invoices process. […]

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Labor Billing Client Extension

In this article, would like to talk about the important points of labor billing client extension. Labor billing client extension is a very useful extension for deriving the bill rate or bill amount for an expenditure item. This extension is called during the revenue generation process to determine the rate / amount. If this extension […]

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Oracle Projects Invoice Flow

This article gives a basic understanding of the Oracle Projects Invoice Flow: Oracle Projects Invoice Flow: Below are Steps that needs to be followed for successfully creating a Projects Invoice and interfacing it to Oracle Receivables. 1. Creation of Contract Project (Mandatory) 2. Assign a Customer for the Project (Mandatory) 3. Create an Agreement with […]

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Oracle eBusiness Release 12.2 Project Billing Enhancements

There is only one enhancement in Projects Billing. This enhancement is to address grouping of the adjustment item. In prior releases, the adjustment item is billed in a separate credit memo. But now you can control how you want to bill this adjustment. Here is an example: Customer was billed for Task T1 : $100 […]

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Contract Projects Lifce Cycle

Contract Projects Oracle Projects comes with 3 basic type of projects namely Indirect, Capital and Contract Projects. Here we will look at the Contract Projects. Contract Projects are typically used in the Professional Services industry wherein the Vendor provides services to the end clients. Vendor invoices the clients and recognizes the revenue. [wc_highlight color=”yellow”]Create a […]

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Funding Revaluation in Oracle Projects Billing

Forex Loss/Gain in a Nutshell: Revaluation is the process of revaluing accounts that have transactions denominated in foreign currency. This is done for the account balance, not individual transactions. Revaluation can be done on any account, but typically, this is done for balance sheet accounts, whose balance is made up of open transactions (ie. Accounts […]

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