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Revenue Category. Enter the revenue category that you want to associate with this event type.

Class. Enter a classification for this event type to determine how an event affects the revenue and billing for a particular project. Oracle Projects provides you with the following classifications:

• Automatic. An Automatic classification generates an automatic event for revenue or invoice amounts that may be positive or negative, depending on your implementation of billing extensions. See: Billing Extensions.

• Deferred Revenue. A Deferred Revenue classification generates an invoice for the amount of the event, and has no immediate effect on revenue.

• Invoice Reduction. An Invoice Reduction classification reduces the amount of an invoice without affecting revenue. For example, you can use an invoice reduction event to give a discount to a customer on a particular invoice.

• Manual. A Manual classification allows you to enter both a revenue amount and a bill amount. These two amounts can be different. Classify an event type as manual when you need to indicate different revenue and bill amounts.

• Scheduled Payment. A Scheduled Payment classification generates an invoice for the amount of the event. Oracle Projects marks expenditure items on the project being invoiced on a first-in first-out (FIFO) basis up to the amount of the event. When you use this classification, you can show details on an invoice even though the details are not used to calculate the bill amount.

Attention: The Scheduled Payment classification may be used only if the project uses Event based billing.

• Write-On. A Write-On classification causes revenue to accrue for the amount of the write-on. A Write-On also adds the write-on amount to the subsequent invoice. Revenue and invoice amounts are identical. For example, when your business earns a bonus for completing a project on time or under budget, you can define an event type with the Write-On classification to account for the bonus amount. A write-on causes revenue to accrue and generates an invoice to bill your client for the bonus amount.

• Write-Off. A Write-Off classification reduces revenue by the amount of the write-off.

Classification	Revenue Effect	Billing Effect
Automatic	Depends on billing extension definition	Depends on billing extension definition
Deferred Revenue	No effect	Bill for amount of event
Invoice Reduction	No effect	Reduce a bill by amount of event
Manual	Accrue amount of event	Bill for amount of event
Scheduled Payment	No effect	Bill for amount of event, FIFO
Write-Off	Reduce by amount of event	No effect
Write-On	Accrue amount of event	Bill for amount of event
Table 1 - 82. Event Type Classifications (Page 1 of 1)

Fremont Corporation uses all of the event type classifications to account for a number of situations. Fremont assumes most event revenue is from labor, and they want to track revenue from these event types as variations to labor revenue: Cost-to-Cost revenue, Bonus, and Write-Off.
Event Name	Description	Classification	Revenue Category
Bonus	Performance bonus	Write-On	Labor
Cost-to-Cost Revenue	Cost-to-cost revenue	Automatic	Labor
Fee	Fee earned	Automatic	Fee
Invoice Reduction	Invoice reduction	Invoice Reduction	Payment
Manual	Manual event	Manual	Fee
Milestone	Progress payment	Scheduled Payment	Payment
Payment	Scheduled payment	Scheduled Payment	Payment
Prebill	Advance payment	Deferred Revenue	Payment
Retainer	Retainer payment	Deferred Revenue	Payment
Surcharge	Surcharge	Automatic	Fee
Write-Off	Unearned revenue	Write-Off	Labor