Overview of Expenditures
You charge expenditures to a project to record actual work performed or cost incurred, and you charge commitments to future, committed costs you expect to incur. An expenditure is a group of expenditure items, or transactions, incurred by an employee or an organization for an expenditure period.
You must charge all actual expenditure items and future commitments to a project and task. Examples of actual expenditures are timecards, expense reports, usage logs, and supplier invoices. Examples of commitments are requisitions and purchase orders.
The following are examples of expenditures and commitments:
- You have worked eight hours on Monday, June 6 for project A, task 1 doing Professional work (expenditure)
- You travelled twenty miles on Tuesday, June 7 for project X, task 1 using your own vehicle (expenditure)
- You made ten copies of a blueprint on Thursday, June 9 for project Y, task 1 using copier number 1243 (expenditure)
- You issued a purchase order for 200 pounds of cement on Friday, June 10 for project Z, task 2.3 (commitment)
You indicate how Oracle Projects processes transactions by associating each expenditure type with an expenditure type class. As you enter expenditure items, you identify the expenditure type for each transaction, such as professional labor or personal automobile use. The method Oracle Projects uses to distribute the cost depends on which of the following predefined expenditure type classes you have assigned to that expenditure type:
- Miscellaneous transactions
See Also
Expenditure Classifications
Expenditure Amounts
Expenditure Item Validation
Expenditure Entry Methods
Expenditure Type Classes
