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:

• Straight Time

• Overtime

• Burden Transaction

• Expense Reports

• Inventory

• Miscellaneous Transaction

• Supplier Invoices

• Usages

• Work-in-Process

Expenditure Type Classes for Labor Costs

Oracle Fusion Projects uses the following expenditure type classes to process labor costs.

• Straight Time: Labor costs calculated using a base cost rate multiplied by hours.

• 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.

• 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.

• 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.

• Inventory: Inventory transactions imported from Oracle Fusion Inventory or an external system.

• Miscellaneous Transaction: Used to track miscellaneous project costs. Following are examples of miscellaneous transactions.

  • Fixed assets depreciation

  • Allocations

  • Interest charges

• Supplier Invoices: Supplier invoices, discounts, and payments from Oracle Fusion Payables or an external system, and receipt accruals from Oracle Fusion Cost Management.

• 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.

• 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.