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