Revenue/Invoices Based on Percent Complete

Oracle Applications Fusion Cloud - Manufacturing

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Oracle Projects can generate revenue and invoices based on the financial physical percent complete that you enter for a project. You can enter the physical percent complete for all  the levels in the financial breakdown structure (FBS). However, to generate revenue or invoices based on physical percent complete, you must have physical percent complete at the funding level (project or top task).

You enter physical percent complete for an As Of Date. Oracle Projects can maintain physical percent complete history. When you use physical percent complete as the basis for revenue accrual or generation of draft invoices, Oracle Projects uses the As Of Date to determine the corresponding physical percent complete.
Depending on the type of integration between the workplan and financial structure on a project, Oracle Projects can update physical percent complete on the financial structure using the physical percent complete for tasks on the workplan structure.

Revenue accrual based on physical percent complete is different from percent complete based on a budget (Actual Cost / Budgeted Cost). The method based on budgets, is also sometimes referred to as Percent Spent or Cost-to-Cost Revenue Accrual. Revenue accrual based on physical percent complete is also different from revenue accrual on an as-work-occurs (or time and materials) basis, where the total potential revenue is the sum of the revenue of all expenditure items plus events.

Oracle Projects performs the physical percent complete revenue calculation using the following predefined billing extensions:
• Percent Complete Revenue
• Percent Complete Invoicing
The revenue and invoice processes call the appropriate billing extension to calculate the revenue or invoice amount and to create an event.

Notes :
1. Distribution rule is event/event

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