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Has anyone had issues with the Billing Offset due to inconsistent conversion data? How to fix? — Cloud Customer Connect
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Has anyone had issues with the Billing Offset due to inconsistent conversion data? How to fix?

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Summary:

We are trying to rectify issues that prevent the Billing Offset from working properly are curious if others can share some perspectives on how best to resolve them.

Content (required):

Context:

·      Oracle Fusion/ERP Cloud Customer

·      Converted historical project billing and revenue inception to date information from legacy system into the contracts subledger

·      Loaded historical balances into general ledger

·      Use the Projects module to set up billing and revenue events for contracts

·      Multi-currency (transaction currencies may vary from functional currencies)

·      Multi-company

·      Accounting string differences between billing and revenue

·      Accounting string differences between conversion data and live data

Impact:

As a result of the above, the billing offset is not providing correct accounting entries between the accrued revenue and deferred revenue accounts, although it balances in net.

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