Example of Revenue Accounting Entries

This example describes the types of revenue accounting entries that are automatically created using the central accounting setup in Oracle Fusion Subledger Accounting.

Revenue and invoices are generated in Oracle Fusion Project Billing. For revenue, the credit is to the appropriate revenue account, and the debit is to the unbilled receivable account. For invoices, the credit is to the deferred revenue account, and the debit is to the appropriate receivables account. Revenue accounting is initiated in Oracle Fusion Project Billing, and invoice accounting is initiated in Oracle Fusion Accounts Receivable. Oracle Fusion Subledger Accounting sends the revenue and invoice accounting to Oracle Fusion General Ledger.

Revenue and Invoice Accounting Entries

The following table contains an example revenue accounting entry.

Entry	Distribution	Account	Debit	Credit
SLA1	RDL1	Unbilled Receivables	40	0
SLA1	RDL1	Revenue	0	40

The following table contains the corresponding invoice accounting entry.

Entry	Receivables Item	Account	Debit	Credit
SLA2	AR1	Accounts Receivable	40	0
SLA2	AR1	Deferred Revenue	0	40