Create Event Types

Create event types to control whether events are used to invoice, recognize revenue, or perform both functions for contract lines. For example, you can create event types for invoice fees or to recognize revenue associated with milestones.

Event types can be used to derive the accounting in Oracle Fusion Subledger Accounting for event-based invoice and revenue accounting entries.

Optionally, you can add a tax classification code to an event type. Oracle Fusion Project Billing calculates the approximate tax amounts for events of this type on contract invoice lines.

The following section describes how you create event types.

Entering Basic Event Type Information

To create an event type:

1. Click Navigator > Setup and Maintenance, and search for the Manage Event Types task.

2. Click the Manage Event Types link.

   Use the Manage Event Types page to create event types and to review, edit, or delete existing event types.

3. Click Add Row to create an event type.

4. Enter a unique name in the Event Type column. Optionally, provide a meaningful description.

5. Select a Revenue Category for reporting event-related revenue.

   Note: Create revenue categories using the standard lookup PJF_REVENUE_CATEGORY before creating event types. You can update the lookup from the Manage Revenue Categories page or the Manage Standard Lookups page.

6. Select the Revenue check box if the current event type will be used for recognizing revenue.

7. Select the Invoice check box if the current event type will be used for invoicing.

8. Click Save.

Specifying Tax Classification Codes

Associate tax classification codes with event types to enable calculation and display of approximate tax amounts in Oracle Fusion Project Billing before final tax figures are available in Oracle Fusion Receivables.

1. Click Add Row in the Tax Classification Code section.

2. Select a Business Unit.

3. Select a Tax Classification Code.

4. Click Save.