Revenue Management

Get Involved. Join the Conversation.

Topic

    Pankaj Gupta
    How to release the revenue generated in one Ledger and book...
    Topic posted September 23, 2019 by Pankaj Gupta, tagged Financials, Intercompany, Revenue Management 
    46 Views, 1 Comment
    Title:
    How to release the revenue generated in one Ledger and book it in another Ledger from Projects without using Intercompany projects contracts.
    Summary:
    How to release the revenue generated in one Ledger and book it in another Ledger from Projects without using Intercompany projects contracts.
    Content:

    Hi Oracle Projects Gurus,

    Greetings!
    Looking to reach out for the below project accounting scenario, if you have encountered in Oracle PPM Cloud.

    Question:
    How to release the revenue generated in one Ledger and book it in another Ledger from Projects without using Intercompany projects contracts.

    Scenario: 
    1. Project is owned by MX
    2. Employee is in CA
    3. Revenue to has to follow Employee Org. which is in a different Ledger (CA)

    Comment

     

    • Perry Unrau

      The only automated method of recognizing project contract revenue in multiple primary ledgers is to use Intercompany or Interproject Billing, which is based on the creation of Intercompany or Interproject contracts. 

      I believe it is possible to manually enter intercompany journals in General Ledger to recognize intercompany revenue in the provider ledger (CA, who owns the employee) and intercompany expense in the receiver ledger (MX, who owns the project), and have Intercompany automatically generate the intercompany receivable and intercompany payable journal lines to balance the journal by ledger.  Please note this manual approach in General Ledger does NOT integrate back to Projects.

      Perry

      Product Manager, Oracle Project Billing