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Automated Billing Offsets Reclassification - Manage, Override, and Close Contract Lines

This application allows users to automatically reclassify billing offsets, calculate offsets by contract line and invoice currency, create project accounting transactions, manually override reclassification, and manage and close contract lines.

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Automated Billing Offsets Reclassification - Manage, Override, and Close Contract Lines

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  1. Fusion Applications Project Billing Offsets Model Perry L. Unrau CGA Senior Principal Product Manager August 2010

  2. Agenda • Feature Overview • Examples • Product Demonstration • Q&A • Additional Information CONFIDENTIAL: All capabilities and dates are for planning purposes only and may not be used in any contract

  3. Feature Overview • Automatically reclassify billing offsets • Calculates reclassification of billing offset balances by contract line and invoice currency • Creates project accounting transactions • Manually override the reclassification of billing offsets • Override amount and description • Deselect the reversal checkbox when contract line is ready to close CONFIDENTIAL: All capabilities and dates are for planning purposes only and may not be used in any contract

  4. ExamplesFixed Price Invoice & Revenue Accounting CONFIDENTIAL: All capabilities and dates are for planning purposes only and may not be used in any contract

  5. ExamplesRate Based Invoice & Revenue Accounting CONFIDENTIAL: All capabilities and dates are for planning purposes only and may not be used in any contract

  6. Demo: Manage Billing Offset BalancesConfirm Contract Line is Ready to Close • Confirm that the amount of recognized revenue equals the invoice amount CONFIDENTIAL: All capabilities and dates are for planning purposes only and may not be used in any contract

  7. Demo: Manage Billing Offset BalancesCreate Accounting Transaction • Deselect reversing accrual if line is ready to close or • Override accounting amount if necessary CONFIDENTIAL: All capabilities and dates are for planning purposes only and may not be used in any contract

  8. Demo: Manage Billing Offset BalancesReclassify Billing Offset Balances • Select the desired business unit, accounting period and whether to generate a success report CONFIDENTIAL: All capabilities and dates are for planning purposes only and may not be used in any contract

  9. Demo: Manage Billing Offset BalancesManage Accounting Transactions • Review past reclassifications or reversals • View accounting transaction details CONFIDENTIAL: All capabilities and dates are for planning purposes only and may not be used in any contract

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