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Release and Interface Revenue

Oracle Projects releases revenue to make it eligible for interface to Oracle General Ledger. You cannot update or delete released revenue; Oracle Projects processes adjustments to released revenue by creating crediting revenue transactions.

When you generate revenue for a range of projects, it has a status of Released. Released revenue can interface to Oracle General Ledger when you run the Interface revenue process. When you generate revenue for a single project, it has a status Pending.

Releasing Revenue

Oracle Projects automatically releases revenue when you interface revenue to Oracle General Ledger in the Submit Request window. You can also release revenue manually using the Revenue Review window.

If you regenerate draft revenue for a single project, the process deletes any Pending draft revenue and replaces it with the new amount.

When you release an invoice which is based on revenue details (such as a T & M invoice), Oracle Projects automatically releases the associated revenue. You use the Invoice Summary window to release an invoice.

Interfacing Revenue

Oracle Projects fully integrates with Oracle General Ledger to update your general ledger accounts with your revenue transactions. You need to interface revenue with Oracle General Ledger using Oracle Projects processes. These processes interface and tieback revenue and maintain accounting balances.

See Also

Releasing Invoices

Submitting Requests

Integrating with Oracle General Ledger

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