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Inquiry on Automating Cost Adjustments for Project Inventory

edited Feb 28, 2024 6:42AM in Order Management 1 comment

Summary

Greetings,

We currently investigating methods to modify the cost valuation of our project inventory in alignment with revenue recognition. Specifically, after revenue is acknowledged, we intend to reset the associated costs to $0.00.

Given the volume of adjustments anticipated—exceeding 50 monthly—a manual entry approach is impractical. Could you advise if there's a capability for bulk cost adjustments, perhaps via batch upload or another automated process? Alternatively, does Oracle offer a feature that could facilitate writing down project costs to $0.00 efficiently?

Thank you for your guidance.

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