Oracle Project Billing ( Revenue and Invoicing) Accounting transactions

Oracle Project Billing Features and Accounting Entries

Oracle Project Billing provides you with the ability to define revenue and invoicing rules for your projects, generate revenue, create invoices, and integrate with other

Oracle Applications to process revenue and invoices. Oracle Project Billing also integrates with Oracle Receivables.

Oracle Project Billing enables you to perform the following functions:

• Enter project customers and contacts with whom you have negotiated and contracted project work

• Enter agreements (contracts) from your customers and fund projects with those agreements

• Generate revenue using various methods including time and materials, percent complete  and cost plus

• Create draft invoices from detail transactions and milestones for online approval by  your project or  accounting managers

• Generate revenue accounting events and create accounting in Oracle Subledger Accounting

• Report project revenue, invoice, and receivables status online and in reports Examples of how accounting transactions for Revenue and Invoicing in Projects