Projects Accounting Entries for Billing & Revenue on R12.2.9 Support multi currency processing capab
Hello Oracle Gurus,
The recent Oracle upgrade to 12.2.9 supports multi currency processing capabilities.
R12 Support multi currency processing capabilities in the areas of
•Accruing Revenue
•Generating invoices
The Release 12 EBS system tracks and posts the revenue, unbilled receivables and unearned revenue in both the functional and billing transaction currency to the general ledger, thereby giving full visibility, both at the project level and in the general ledger, of the details of revenue in the different currency options.
Can you let me know, whether there will be 2 entries (one for invoiced currency and another one in Functional Currency) 12.2, which will hit GL, or how and what the entries will be hitting GL for Revenue?