Project Costing, Cross Charge Processing

Project Costing, Cross Charge Processing

What you'll learn
Overview of Cross Charge
Processing Flow for Cross Charge
Processing Borrowed and Lent Accounting
Processing Intercompany Billing Accounting
Adjusting Cross Charge Transactions
Overview of Oracle Project Costing Integration
Integrating Expense Reports with Oracle Payables and Oracle Internet Expenses
Integrating with Oracle Purchasing and Oracle Payables (Requisitions, Purchase Orders, and Supplier Invoices)
Integrating with Oracle Assets
Requirements
Oracle Modules and data exchange between them
Development of statistical process controls
Oracle General Ledger provides highly automated financial processing. It can import and post 42 million journal lines per hour, making it the fastest and most s
Description
Cross Charge

This chapter describes accounting within and between operating units and legal entities.

This chapter covers the following topics

Overview of Cross Charge

Processing Flow for Cross Charge

Processing Borrowed and Lent Accounting

Processing Intercompany Billing Accounting

Adjusting Cross Charge Transactions

Overview of Oracle Project Costing Integration

Integrating Expense Reports with Oracle Payables and Oracle Internet Expenses

Integrating with Oracle Purchasing and Oracle Payables (Requisitions, Purchase Orders, and Supplier Invoices)

Integrating with Oracle Assets

Integrating with Oracle Project Manufacturing

Integrating with Oracle Asset Tracking

Integrating with Oracle Inventory

Integrating with Oracle Time & Labor

This will be covered for the benefit of functional and techno-functional Oracle ERP implementation.

Overview of Cross Charge
Enterprises face complex accounting and operational project issues that result from centralized project management through sharing of resources across organizations.

Oracle Projects provides the following cross charge features to address these issues

Borrowed and Lent Accounting: This feature creates accounting entries to pass costs and revenue across organizations without generating internal invoices.

Intercompany Billing Accounting: This feature creates internal invoices and accounting entries to pass costs and share revenue across organizations.

In addition to these two features that enable you to charge costs across organizations, Oracle Projects' inter-project billing features enable you to charge costs between projects. For detailed information on this feature, see Inter-Project Billing, Oracle Project Billing User Guide.

Cross charge features depend on multiple organization support in Oracle Projects and other Oracle Applications. In addition, these features support multinational projects, which also call for other currency exchange management functionality.

Who this course is for
Beginners on project existing, cross charge processing in Oracle EBS ERP useful for finance, functional, techno-functional consultants working in information technology industry for their clients ERP requirement or organization if they are inhouse developing, maintaining their ERP enterprise resource planning system