Commitment Reporting
You can report the total costs of a project by reporting the committed costs along with the actual costs. Committed costs are the outstanding requisitions and purchase orders charged to a project, which are not yet invoiced.
Total Project Costs = (Committed Costs + Actual Costs)
You can report the flow of committed costs through Oracle Purchasing and Oracle Payables, which can include the following buckets of committed costs:
- Open Requisitions (approved, unpurchased requisitions)
- Open Purchase Orders (approved, uninvoiced purchase orders)
- Pending Invoices (supplier invoices not yet interfaced to Oracle Projects to be included in project costs)
You can report summary committed cost amounts for your projects and tasks, and can also review detail requisitions and purchase orders that backup the summary amounts.
See Also
Project Summary Amounts
Implementing Commitments from External Systems
