R12: Rounding Difference for Contingent Worker Labour Timecard Between PA and PO
(Doc ID 2234120.1)
Last updated on FEBRUARY 15, 2017
Applies to:Oracle Project Costing - Version 12.1.3 and later
Information in this document applies to any platform.
When using the contingent worker OTL/PO functionality, the amount calculated in PA ($4704.77) is different from the amount calculated in PO ($4704.75). This results in an amount left in the procurement clearing account. This does not happen consistently and they do not know why it happens when it happens. They would like a fix to stop it from happening.
Manual journal entry but it is challenging for users to keep track of the incorrect amounts.
When a contingent Worker's Time Card had been approved in Oracle Time and Labor (OTL), the time card is interface to Project Costing module.
The following entries are generated:
Dr. PA Clearing 4,704.77
Cr. Services Procurement Clearing 4,704.77
Dr. Expenditure Expense Account 4,704.77
Cr. PA Clearing 4,704.77
The time card is also interfaced to PO Receiving and the following entries are generated:
Receipt to Receiving
Dr. Receiving Inspection Clearing 4,704.75
Cr. Accrual Account 4,704.75
Deliver to Expense Destination
Dr. Services Procurement Clearing 4,704.75
Cr. Receiving Inspection Clearing 4,704.75
Notice that Service Procurement Clearing Account is recorded in Project Costing and PO Receiving . The total amount for the time card in Projects is 4,704.77 while the total amount received against the PO is 4,704.75. This leaves a 0.02 difference.
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