Expenditure Type Classes
An expenditure type class tells Oracle Fusion Projects how to process an expenditure item.
Oracle Fusion Projects predefines all expenditure type classes, which include the following:
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Straight Time
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Overtime
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Burden Transaction
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Expense Reports
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Inventory
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Miscellaneous Transaction
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Supplier Invoices
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Usages
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Work-in-Process
Expenditure Type Classes for Labor Costs
Oracle Fusion Projects uses the following expenditure type classes to process labor costs.
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Straight Time: Labor costs calculated using a base cost rate multiplied by hours.
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Overtime: Labor costs calculated using a premium cost rate multiplied by hours.
Expenditure Type Classes for Nonlabor Projects
Oracle Fusion Projects uses the following expenditure type classes to process nonlabor projects.
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Burden Transaction: Burden transactions track burden costs that are calculated in an external system or calculated by Oracle Fusion Projects as separate, summarized transactions. These costs are created as a separate expenditure item that has a burdened cost amount, and a quantity and raw cost value of zero.
You can adjust burden transactions that are not system-generated.
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Expense Reports: Expense reports imported from Oracle Fusion Payables or an external system.
Expense reports that you import into Oracle Fusion Projects must be fully accounted prior to import.
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Inventory: Inventory transactions imported from Oracle Fusion Inventory or an external system.
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Miscellaneous Transaction: Used to track miscellaneous project costs. Following are examples of miscellaneous transactions.
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Fixed assets depreciation
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Allocations
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Interest charges
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Supplier Invoices: Supplier invoices, discounts, and payments from Oracle Fusion Payables or an external system, and receipt accruals from Oracle Fusion Cost Management.
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Usages: You must specify the nonlabor resource for every usage item that you charge to a project.
For each expenditure type classified by a Usages expenditure type class, you also define nonlabor resources and organizations that own each nonlabor resource.
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Work-in-Process: Used when you import work-in-process transactions from third-party applications or Oracle Fusion Project Costing using Microsoft Excel or web services, or enter work-in-process transactions directly into Oracle Fusion Projects.