Previous  Next          Contents  Index  Navigation  Glossary  Library

Accounting for Supplier Invoices Revenue

Supplier Invoice Revenue Account Function

When you run the PRC: Generate Draft Revenue process, Oracle Projects uses the Supplier Invoice Revenue Account transactions to credit a revenue account for supplier invoice items.

The Supplier Invoice Revenue Account function consists of the following transactions:

Fremont enables only the All Invoice Revenue transaction since it does not separate revenue earned between private and public projects.
Fremont Corporation uses one revenue account to record supplier invoice revenue:
· Subcontractor Revenue (4400)
To implement the Supplier Invoice Revenue Account function, Fremont defines a rule to supply the Subcontractor Revenue account code for the Account segment of its Accounting segment.
Fremont uses existing rules to supply values for the Company and Cost Center segments of its Accounting Flexfield.
Define a Rule to Determine Accounting Segment Value:
Name Subcontractor Revenue
Description Subcontractor Revenue
Intermediate Value Source Constant
Constant 4400
Segment Value Source Intermediate Value
Enable the All Invoice Revenue Transaction and Assign Rules:
Function Name: Supplier Invoice Revenue Account
Transaction Name: All Invoice Revenue
Segment Rule Pairings
Number Segment Name Rule Name
0 Company Project Company
1 Cost Center Project Cost Center
2 Account Subcontractor Revenue


         Previous  Next          Contents  Index  Navigation  Glossary  Library