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Automation of Revenue Recognition for Contract Fees

in Project Management 2 comments

Summary:

Currently, revenue recognition for contract fees is being handled manually.
implement an automated solution within Oracle Fusion Cloud Project Portfolio Management and Oracle Fusion Cloud Contracts to support systematic calculation and recognition of contract fees.

Looking for clarification, whether there is a simple way to automate the calculation and inclusion of such fee components within the revenue recognition process for both existing and new contracts.

Currently, fee revenue is being recorded manually.

Example:

Direct Cost = 100
NICRA (19%) = 19
Subtotal = 119
Fee (5%) = 5.95 (calculated as 119 × 5%)

Content (please ensure you mask any confidential information):


Version (include the version you are using, if applicable):

26A (11.13.26.01.0)



Code Snippet (add any code snippets that support your topic, if applicable):

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