Should the PRC: Revaluate Funding For A Single Project Create A Negative Backlog? (Doc ID 2002565.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Project Billing - Version 12.1.3 and later
Information in this document applies to any platform.

Goal

When attempting to Reevaluate Funding for a Project has $0.01 USD baselined funding amount the results are a negative backlog and the output report shows the following rejection Excpetion:

Warning: Revaluation reduced funding below accrued revenue

Customer has a project with $0.01 USD baselined funding in a GBP set of books OU. The projects have been invoiced beyond this baselined amount as the invoice hard limit is not set.

For example, if the funding is .01 and invoices have been generated for 100,000, then the process revaluates backlog funding as -99,999.99. This amount really isn't backlog as it has been consumed by the invoice (assuming the invoices have been paid). Because of reevaluating this negative backlog, a revaluation line adjustment is created that customer is questioning.


the following error occurs.

ERROR
-----------------------
Warning: Revaluation reduced funding below accrued revenue


Is this correct?
 

Solution

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