Setting Up Interunit Transfers for Rate-based Contract Lines

You set up the revenue distribution and offsetting contract asset account for rate-based contract lines on the Accounting Rules page. If the PeopleSoft General Ledger business unit for the debit side of a transaction is different from the PeopleSoft General Ledger business unit for the credit side of a transaction, the system generates interunit entries when you run the rate-based revenue process (Accounting Rules Engine - PSA_ACCTGGL). The system performs conversion of amounts for currency differences in the current accounting month. For rate-based contract lines with a value-based billing method, the Accounting Distribution page displays the contract asset account information. PeopleSoft Contracts does not associate contract liability for rate-based contract lines.