Projects - EBS (MOSC)

MOSC Banner

Unearned and unbilled revenue when generating AR invoices in Projects and Grants Accounting

edited Mar 5, 2013 8:46AM in Projects - EBS (MOSC) 7 commentsAnswered
Two ledgers have been set in the General Ledger, accrual and cash.

In Grants Accounting, revenue will be generated but not interfaced to the GL because it will hit both ledgers when it should only hit the accrual ledger.  Since Projects and Grants has nothing to do with cash it cannot post it to the cash ledger.

Will be using Cost/Event so billing will be via an Event.  If an invoice amount is larger than the revenue amount then the unearned account must be hit. If the amount is the same, then the unbilled account will be hit. When the invoice is processed, it will not have either the unearned or unbilled accounts to send to AR.  Instead with general functionality the entry will generate a debit to Receivable and credit to Revenue accounts.

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center