Setting Up Unbilled Revenue Accrual Options for the Billing Business Unit

Use the Billing Definition - Business Unit 3 page to enable unbilled revenue accrual processing in the system for the corresponding business unit.

Navigation:

Set Up Financials/Supply Chain, and then Business Unit Related, and then Billing, and then Billing Definition, and then Business Unit 3

1. Select Enable Contract Asset in the Contract Asset Accrual group box.

   When you select this option, define a default Contract Asset Distribution Code and an Accrued Journal Template. Only those journal templates that are set up to autoreverse are available for selection.

2. Define which bill statuses to include in the accrual.

   You can define multiple statuses, inserting a row for each additional status. The following statuses are eligible for accrual: Finalized, Hold, New Bill, Pend Approv (pending approval), and Ready.

3. Select Accrue Bills at This Level to accrue bills by business unit.

   To enable unbilled revenue accrual at the business unit level (but only for certain bill types), do not select Accrue Bills at This Level. Access the Bill Type 3 page for additional setup.