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Is There An Alternate Solution for Partial bBlling ( ie only 80% of the cost) When Using Cost Reimbursable Invoice Method (That is the Invoice Method Supported by Grants Management)? (Doc ID 2731363.1)

Last updated on NOVEMBER 24, 2020

Applies to:

Oracle Fusion Project Costing Cloud Service - Version 11.13.20.10.0 and later
Information in this document applies to any platform.

Goal

Qn1:The client will use Cost Reimbursable Invoice Method (that is the invoice method supported by Grants Management).

We have the following business requirement:

- Contracts are signed with the sponsor stating that the sponsor will pay 80% of the costs. This means that 80% of the costs will be billable
- Project Tasks will be set up as Billable
- Project transactions will be created in Procurement and transferred to Oracle Projects via the Import Costs process.
- Then, as the client will only pay 80% of the costs, the user will need to split the transactions (20%, 80%), and then take the transaction that was split, with 20% of the transaction amount and perform a Non Billable Mass Adjustment (as we only want to generate invoices for the 80% of the cost).

Due to high volume of transactions and we learned that the Split option is not available to perform using a Mass Adjustment, the split adjustment needs to be performed for each individual transaction. This will cause a lot of manual work.

- Is there an alternative to meet the requirement (billing only 80% of the cost)? We know that there is functionality to use the work types to drive the billable attribute but this functionality wouldn't give us a solution to meet our requirement.

- Is there any functionality that we can use to meet the requirement described above?
 
Qn2:One question about the internal funding. If we fund the unbillable portion with internal funding source, the system will not generate an invoice for that? in our case the 20% that shouldn't be billed.
 

Solution

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In this Document
Goal
Solution


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