Overview of Costing (Oracle Projects Help)


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Overview of Costing

Costing is the processing of expenditures to calculate their cost to each project and determine the GL accounts to which the costs will be posted. Costing is performed for the following types of expenditures:

Pre-approved expenditures. See: Pre-Approved Expenditures

Labor

Expense Reports

Usages

Miscellaneous Transactions

Burden Transactions

Supplier Invoices from Oracle Payables. See: Integrating with Oracle Purchasing and Oracle Payables

Expenditures submitted from Oracle Personal Time and Expense. See: Overview of Oracle Personal Time and Expense

Imported expenditures. See: Overview of Transaction Import

Adjusted expenditures in Oracle Projects which need re-costing. See: Expenditure Adjustments

The Costing process includes the following steps:

1. Calculate raw cost (Quantity X Rate).

Burdening

Client Extensions

Overtime

Labor Costing

Create Related Items Procedure

4. Perform accounting:

Determine account numbers to post to in Oracle General Ledger

Create cost distribution lines

This chapter describes this process in detail using Labor Costing as an example of the costing process. We also describe the use of burden schedules and overrides, and discuss the entire cost plus processing feature in Oracle Projects.

Note: If your transactions are not costing properly, you can view rejection reasons in the Expenditure Items window. From the Folder menu, choose the Show Field option to display all cost distribution rejections.

Overview of Costing

See Also