Billing Options In Billing Worksheet Questions- DEF and OLT

(Doc ID 1494835.1)

Last updated on JANUARY 26, 2017

Applies to:

PeopleSoft Enterprise FIN Project Costing - Version 9.1 and later
Information in this document applies to any platform.
Checked for relevance on 17-Mar-2014

Goal

Questions for Billing Option in Billing worksheet:

* DEF
The initial BIL becomes a DEF that keeps the same transaction and accounting date. But have a billing date as of when has been entered as Defer date.  How do we invoice the DEF ?

* OLT
A) OLT means Over the Limit transaction. How to release OLT transactions later on if we choose this option?
B) Once the BIL is switched to OLT in the billing worksheet. What if the revenue had already been recognized for the initial BIL transition? 
 

Solution

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