Capture Expenditure Information in Project Costing for Miscellaneous Inventory Transactions
You can capture the information for miscellaneous inventory transactions in Project Costing. The miscellaneous inventory transactions are processed and accounted in Costing and then interfaced to Oracle Project Portfolio Management (PPM).
For miscellaneous inventory transactions, the accounting line type Offset is sent to projects.
This table lists the accounting events and the corresponding conditions when they're interfaced to PPM.
Event Type |
Flow |
Project Striped Inventory |
Capture Project Details on Transactions |
Project Expenditure |
---|---|---|---|---|
Miscellaneous Receipt |
Receipt into common inventory from project |
Yes |
No |
Yes (Credit) |
Miscellaneous Receipt |
Receipt into project from common inventory |
No |
Yes |
Yes (Debit) |
Miscellaneous Issue |
Issue from common inventory to project |
No |
Yes |
Yes (Debit) |
Miscellaneous Issue |
Issue from project to common inventory |
Yes |
No |
Yes (Credit) |
Let's consider a simple example to see how the project cost changes as the transactions are costed and sent to PPM. The values for Project Striped Inventory and Capture Project Details on Transactions are same as listed in the previous table.
Transaction # |
Event Type |
Flow |
Project Expenditure |
Project Cost |
Transaction Cost |
Updated Project Cost |
---|---|---|---|---|---|---|
1 |
Miscellaneous Receipt |
Receipt into common inventory from project |
Yes (Credit) |
$10 |
($10) |
$0 |
2 |
Miscellaneous Receipt |
Receipt into project from common inventory |
Yes (Debit) |
$0 |
$10 |
$10 |
3 |
Miscellaneous Issue |
Issue from common inventory to project |
Yes (Debit) |
$10 |
$10 |
$20 |
4 |
Miscellaneous Issue |
Issue from project to common inventory |
Yes (Credit) |
$20 |
($10) |
$10 |