Accounting Transactions for Cost
The following examples illustrate how Oracle Projects accounts for cost transactions.
Expenditure Type: Labor
Post labor costs:
Oracle Projects creates these transactions when labor is distributed.
Pay timecard
These entries are created by your payroll system.
Expenditure Type: Expense
Post expense costs
Oracle Projects creates these transactions and sends them to Oracle Payables. Oracle Payables sends them to Oracle General Ledger.
Pay expense report
Oracle Payables creates this entry when you reimburse employees for their expenses,
Expenditure Type: Usage
Post usage costs
Oracle Projects creates this entry when usage distribution is processed.
See Also
Accounting for Burden Costs
