Previous  Next          Contents  Index  Navigation  Glossary  Library

Accounting Transactions

Each expenditure item's accounting transactions are held as cost distribution lines. Cost distribution lines are debit amounts. Oracle Projects creates lines for raw costs and total burdened costs (if burdened). AutoAccounting determines the General Ledger accounts to which Oracle Projects charges transactions.

Oracle Projects allows you to generate draft invoices and draft revenue using separate processes, which you can run at different times. To allow for different billing cycles and revenue accrual, the distribution lines for General Ledger are created during invoice and revenue generation.

During the Generate Draft Invoices process, the account that is credited with the invoice amount is either the unbilled receivables (UBR) account or the unearned revenue (UER) account, depending on whether you accrue revenue before or after you generate invoices.

         Previous  Next          Contents  Index  Navigation  Glossary  Library