Applications Project Management Implementation Guide
11g Release 1 (11.1.2)
Part Number E20384-02
This chapter contains the following:
Customer Contracts Business Unit Setup: Explained
FAQs for Define Business Unit Project Billing Options
Using the Specify Customer Contract Management Business Function Properties task, available by navigating to Setup and Maintenance work area and searching on the task name, you can specify a wide variety of business function settings for customer contracts in a specific business unit. The selections you make for these business functions impact how Oracle Fusion Enterprise Contracts behaves during contract authoring.
Using the Specify Customer Contract Management Business Function Properties task, manage these business function properties:
Enable related accounts
Set currency conversion details
Manage project billing options
Set up the Contract Terms Library
The setup options available for the Contract Terms Library are applicable to both customer and supplier contracts, and are described in the business unit setup topic for the Contract Terms Library. That topic is available as a related link to this topic.
Contract authors can specify bill-to, ship-to, and other accounts for the parties in a contract. Enable the related customer accounts option if you want accounts previously specified as related to the contract party to be available for selection.
If your organization plans to transact project-related business in multiple currencies, then select the multicurrency option. This allows a contract author to override a contract's currency, which defaults from the ledger currency of the business unit. It also enables the contract author to specify currency conversion attributes to use when converting from the bill transaction currency to the contract currency and from the invoice currency to the ledger currency.
In the Bill Transaction Currency to Contract Currency region, enter currency conversion details that will normally be used, by all contracts owned by this business unit, to convert transaction amounts in the bill transaction currency to the contract currency. Newly created contracts contain the default currency conversion values, but you can override the values on any contract, if needed.
In the Invoice Currency to Ledger Currency region:
Enter invoice transaction conversion details if the invoice and ledger currencies can be different.
Enter revenue transaction conversion details if the revenue and ledger currencies can be different for as-incurred and rate-based revenue.
The options available for selection in the Project Billing region control the behavior of project invoicing and revenue recognition for contracts with project-based work.
Project billing can behave differently for external contracts (customer billing) or intercompany and interproject contracts (internal billing).
Set these options, which apply to all contracts:
Select the Transfer Revenue to General Ledger option if you want to create revenue accounting events and entries, and transfer revenue journals to the general ledger. If this option is not selected, then revenue can still be generated, but will not be transferred to the general ledger.
Indicate if a reason is required for credit memos that are applied to invoices.
There are two sets of the following options, one for customer billing and a second for internal billing:
Select an invoice numbering method, either Manual or Automatic. The invoice numbering method is the method that Oracle Fusion Receivables uses to number its invoices, upon release of draft invoices from Project Billing.
If the invoice numbering method is Manual, then select an invoice number type, which sets the type of Receivables invoice numbers that are allowed. Valid values are Alphanumeric and Numeric.
If the invoice numbering method is Automatic, then enter the next invoice number to use when generating Receivables invoice numbers.
Select the Receivables batch source to use when transferring invoices to Receivables.
Set this option only for customer billing:
Indicate if you want contract authors to manually enter the Receivables transaction type on the customer contracts they create.
Access to invoices is secured by the business unit. You only have access to invoices that belong to contracts in the business unit assigned to your role. You can see all invoices for projects that are linked to the contracts which you can access.