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Guidelines for processing Project Billing

Discussion in 'Oracle Projects' started by mbr, Dec 18, 2008.

  1. mbr

    mbr Active Member

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    Hi to all,
    I am just new with Oracle Project Billing. This would be my first time to implement this module.

    Could somebody help me understand well the step by step procedures in processing Project Billing. I have read the manuals but having a hard time understanding it.

    I do welcome flowcharts. Thanks so much.
     
  2. Sadik

    Sadik Community Moderator Forum Guru

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    hi mbr i don't currently have a flowcharts but briefly the step by step implementation steps are:

    1. Define billing cycles - Required
    2. Implement billing cycle extension (advanced implementation step) - Optional
    3. Define payment terms. - Optional
    4. Define agreement types. - Required
    5. Define bill rate schedules. ATTENTION: If you have a multiple organization installation, you must repeat this step for each operating unit. - Required
    6. Define invoice formats. - Required
    7. Define credit types. - Required
    8. Define event types. - Optional
    9. Assign event types for cost-to-cost revenue. - Optional
    10. Implement Percent Complete Revenue Accrual and Invoicing . - Optional
    11. Implement labor billing extension (advanced implementation step). - Optional
    12. Implement billing extensions (advanced implementation step). - Optional
    13. Implement automatic invoice approve/release extension (advanced implementation step) - Optional
    14. Implement AR transaction type extension (advanced implementation step) - Optional
    15. Implement cost accrual (advanced implementation step) - Optional
     
  3. Sadik

    Sadik Community Moderator Forum Guru

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  4. mbr

    mbr Active Member

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    thanks Sadik.

    will check on the links you've mentioned. :)
     
  5. mbr

    mbr Active Member

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    Hi Sadik,
    I noted the implementation guidelines you have sent.

    When everything is okay and properly set up, what are the necessary processes to create project billing to the client. What are the process that need to be ran?

    Please help. Thanks
     
  6. venkateswarlu.y@genpact

    venkateswarlu.y@genpact Active Member

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    Hi All,

    Please proceed in the below sequence and create transactions in Project Accounting.

    1) Project Type ( Contract)

    2) Project Template

    3) Create Project

    4) Create Agreement

    5) Do Funding

    6) Create Cost Budget

    7) Create Revenue Budget

    8) Create below preapproved expenses..

    A) Misc Cost Transactions --- distribute and Interface to GL

    B) Labor Cost Transactions -- distribute and Interface to GL

    C) Useage Cost Transactions -- distribute and Interface to GL

    9) Create Events for Revenue and Invoice --- Distribution Rule should be EVENT/EVENT

    10) Generate and Interface Revenue to GL

    11) Generate and Interface Invoice to Receivables

    12) Create Customer Invoice in Receivables

    13) Distribution Rule -- WORK / WORK -- For the already created expenditures run the revenue generation and Invoice creation process.

    14) Generate and Interface Revenue to GL

    15) Generate and Interface Invoice to Receivables

    16) Create Customer Invoice in Receivables

    17) Distribution Rule -- COST / COST

    18) Generate and Interface Revenue to GL

    19) Generate and Interface Invoice to Receivables

    20) Create Customer Invoice in Receivables




    Regards,
    Venkat
     
  7. muralirddy

    muralirddy Active Member

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    Thanks Venkat