Processing Transactions in Project Billing
This section describes the flow of transactions from Project Billing to General Ledger in an MRC environment.
Prerequisites
To process transactions in Project Billing:
1. Generate invoices in your primary responsibility.
Generated transaction amounts are converted to each associated reporting currency according to the defined conversion options.
3. From the primary responsibility, transfer the revenue transactions to General Ledger by running the Interface Revenue to General Ledger program.
4. Run the Journal Import program.
This program creates unposted journals.
5. In your primary responsibility, post the journals to General Ledger.
The posting process updates the account balances in the primary functional currency.
6. Run the Tieback Revenues from GL process.
7. For each reporting set of books, repeat Steps 3 through 6.
The posting process updates the account balances in the reporting functional currency.
You can report and inquire on journal entries and account balances in both your primary and reporting sets of books.
From each associated reporting responsibility, you can view the transactions you entered or created in Steps 1 and 2 in the reporting functional currency.
See Also
Oracle Projects User's Guide
General Ledger Journal Processing with MRC
Processing Transactions in Assets
Processing Transactions in Payables and Receivables
Processing Transactions in Purchasing
Processing Transactions in Project Costing
Global Accounting Engine Payables and Receivables Transactions Processing with MRC
Multiple Product Installation Groups and Multiple Organization Architecture
Ensure that the Project Costing processing has already taken place. Refer to Processing Transactions in Project Costing.