How to Capture Advance (Down Payment) Invoices in Oracle Fusion PPM Contracts?
Summary:
We are currently implementing Oracle Fusion Project Contracts and have a use case where the customer pays an advance (down payment) before project work begins. I do know there is no existing functionalty and there are ideas created for this purpose.
Could someone please advise on the best practice/ Workarounds to handle this in Oracle Fusion PPM Contracts?
Specifically:
- How should the advance invoice be set up in the project contract?
- What billing event type should be used for the down payment?
- How can we ensure the advance is properly accounted and later applied/adjusted against future milestone or progress billing?
0