Last updated on JULY 21, 2015
Applies to:Oracle Project Billing - Version 184.108.40.206 to 12.1.3 [Release 11.5.10 to 12.1]
Information in this document applies to any platform.
***Checked for relevance on 6-Jan-2014***
The amount of funding left on the agreement is $10.00 and there is a hard limit on the agreement.
There are 2 expenditure items to be billed and revenue generated with the following bill amounts:
One for $100.00
One for $50.00
An invoice was not generated because there was a hard limit and the application does not partially bill expenditures. However, the revenue will accrue UP TO the amount of the hard limit on the agreement so revenue of $10.00 was generated. The customer will either need to increase the funding in order to pick up the expenditures or uncheck the hard limit box on the agreement in order to get the two remaining expenditures billed. Now, there is a amount of $10.00 by which the revenue is greater than the invoicing for this project on the customer.
This is the concern:
In any report or for any reconciliation between revenue and receivables accounts, there would be this difference of $10.00. If the same case is reported for multiple projects, then the amount for Unbilled Receivables would be high. This would definitely prove to be an objectionable point from the financial audit angle. What is the business reasoning behind allowing the revenue to be partially generated but not the billing?
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