Accounting entries(Debit/Credit) in Oracle Project Suite
Hi,
Please provide me the accounting entries(Debit/Credit) for following cycles in Oracle Project Suites
1>P2P cycle using Oracle Projects
a> PR-PO-RECEIPT->AP->PROJECTS
B>AP->PROJECTS
2>Miscelenous Issue to Projects
3>Projects to Assets
Hi
I had published a paper on Collaborate 2008, which include among other things the inforamtion you are asking for.
Paper title - Don’t Get Lost in the Labyrinth of Supplier Cost Flows Into Projects
If you have access to the OAUG conference Paper Database you might find it there. Otherwise, send me an email and I'll forward the paper to you.
Dina
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F.13 Clearing - Only Accounts With Debit & Credit Postings Included
Does anyone know if it is possible to configure F.13 to clear if there are not both debit and credit postings in an account?
I am using an IS-Retail solution where sales are posted through the customers and reconciled through an account (110825). The tender is not being handled in SAP and therefore I need to clear the reconciliation account to another account that is allowed to build, which will be exported to another system. F.13 has been configured to appropriately clear the customers but only if each store has both sales and returns. Any ideas?
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Accounting Entries in Projects
Hi All
Could some one please help with the accounting entries which get generated in projects , speacially for Fixed Price projects where customer has paid amount in advance and services are yet to be delivered . While AR Invoice picks the Dr a/c and PA Cr a/c . Do they get knocked of in GL after traf from PA to GL ,how it would effect for projects with unearned revenue for a year
PA - Unearned Revenue Dr
Thanks
VedaHi
When you generate the invoices in Projects the system generates the accounting and the invoice is interfaced from Projects to AR with the accounting generated by Projects. AR will later interface the transactions to GL.
The interfaced Invoices -
Debit Receivables account
Credit Un Earned Receivables account, in case the accumulated amount of invoices is higher that the revenue. Otherwise the system will credit Un Billed Revenue.
When you generate revenue in Projects the system generates the accounting and the draft revenue is interfaced from Projects to GL.
The interfaced revenue -
Credit Revenue account
Debit Unearned Receivables account, in case the accumulated amount of invoices is higher than the accumulated amount of revenue. Otherwise the system will debit Unbilled Revenue.
Dina -
Report painter: Financial statement debit credit indicator taken into account?
Hi,
When I create a report with report painter (FGI0) It does not take into account the debit / credit indicator of the FS statement.
Is this standard SAP or do I miss a setting?
kr,
KlundertHi Wolfgang,
Please refer to OSS note 663945. This will give you the transfer rule mapping for 0GLACCEXT.
Hope this helps.
Thanks,
Vivek -
When to consider Using Oracle Grants Accounting Over Oracle Projects Acct?
Hello Experts / Dina,
Could you please help me in understanding the situation where I must use Oracle grants Accounting rather than Oracle Project Accounting?
I mean what is the driving feature of Oracle Grants Accounting which is missing in Oracle Project Accounting.
Also if I implement Oracle Grants Accounting then is it possible for me to setup oracle project accounting ( costing / billing ) under same environment ? If Yes it is possible to implement under same Environment then is it possible to setup BOTH under same operating Unit?
Please help.....
Thanks
:-)Hi Samba,
I believe that the document Dean refers to is found in this MOS note:-
Project Managment & Grants Accounting Are Certified To Work In Same Operating Unit [ID 878214.1]
To address some other points:-
1) Grants Accounting (GMS) uses many of the same database objects as Project Accounting (PA). The best way to think of it is as a "customisation" of Project Accounting; albeit one that has been created by Oracle. For example, when a new grant is created (called an Award, stored in GMS_AWARDS_ALL) a supporting record is also automatically created in PA_PROJECTS_ALL
2) Because of 1), Grants Accounting and Project Accounting cannot be implemented and used independently within the same Operating Unit; Grants is built on Projects. However, some Projects features can still be used directly, such as elements of Project Management as described by the above document
3) Grants tends to only be used within the higher education, research and public sectors. Organisations within these industries typically have complex project funding structures, and have a requirement for tight budgetary control enforced by the system. Grants provides functionality to cater for both of these requirements, better than Projects does on its own. This does of course come at a price; by implementing Grants there are some Projects features that are not available
Please mark if useful / answered. Project (EU) Ltd has a wealth of experience implementing Grants and Projects; we are the first partner globally to have been recognised by Oracle as specialist Oracle Projects implementation experts. Please see our blog for more information or get in touch if you need any further assistance.
Andy
www.project.eu.com -
Is Oracle Project Management has all features which Microsoft Project Plan?
Hello Experts,
Customer wanted to start using Oracle Project Management suit completly along with little Microsoft project plan. as of now most of the projects are using microsoft project plan for project management and Oracle Project suit is for Costing and Billing.
But in order to start this initiative, we need to explain the difference which Oracle Project Management can not able to do but Microsoft project plan can. Based on this management will take the decesion.
As per my understanding, Orace Project Management can perform all the tasks except scheduling. As it supports scheduling from third party software like Microsoft project plan / primavera etc.
Rest I think Oracle Project management suit is equally matured to perform all the project management task which Mircosoft project management can perform.
So experts , can you please confirm my understanding and provide me some light on this topic.
Thanks :-)Hi,
First of all, I would like to know what are the various things you are performing with a Microsoft project plan apart from scheduling the resources to a specific project .
Through Oracle Project Management, you can control the visibility of a resource,assign it to a particular project and control the tracking of the time in various assignments.If that is what you are trying to achieve through Oracle Project Management icnluding the other features it has, you can surely go for it.
Let me know if you have any doubts on it.
Regards,
Tanvi -
Dina, Differenc Betn R12 Oracle Projects Vs Oracle 11g Fusion Project Portf
Hi Dina / Experts,
Can anyone of you help me in getting the product features differences between R12 Oracle Project Suite Vs Oracel 1Fusion 11g Project Portfolio Management?
can you please provide me reference document / link / RCD / PPT if possible..which helps in understanding exact differences?
Thanks
:-)Hi Chris, Steve,
Not sure how it is working for you, but what I trying to is to reuse the sharable base adf bc model in multiple projects (using jdev 11.1.1.1.0). Basically, i have the following structure
1. Base Model project (first workspace): that has an ADF Library deployment profile. In this project, I made sure that the project -> Project Properties -> Business Components -> Options-> Copy Package XML files to ClassPath is checked.
2. Another MODEL project (Second workspace): I don't have any view controller project here. I can add the adf library (created in #1) through the resource palette to my second model project that is in a separate workspace, but when i try to create a new entity in this project that is based on an old entity, the wizard does not show any base entities that were packaged in the base model project that was created in #1.
Do you have any tips? In additon to the links you mentioned above, I have gone through the following, but of no avail. I would appreciate any help.
Difference between adding and importing BC4J
http://radio-weblogs.com/0118231/stories/2005/08/11/differenceBetweenAddingAndImportingBusinessComponents.html
Working with Libraries of Reusable Business Components
http://download.oracle.com/docs/cd/B32110_01/web.1013/b25947/bcadvgen.htm#CHEFECGD
http://technology.amis.nl/blog/215/organization-of-bc4j-domain-eo-and-business-vo-package
http://radio-weblogs.com/0118231/2005/09/29.html
Thanks,
AJ -
Oracle Projects for Exploration and Drilling
Do oracle projects can be used for exploration and drilling in oil and gas company?
What are modules which can cover these operations? Please HelpHi
Oracle Projects suite can be used for that industry. You could set each exploration initiative as a single project, track its execution and actual costs versus the schedule and cost budget.
At minimum you will need Projects Costing. You might also explore the added value of Project Management.
Dina -
Hi Friends,
I am new to Oracle Projects. Under Oracle Projects, there are so many modules ... Costing, Billing, Contracts, Project Management etc.
Can any one suggest me where to start from so that I can understand the flow from one module to another.
Apart from the oracle documentations, is there any other study material available online which can help me understand the Oracle Project suite.
RegardsHi,
i m writing diz reply 4m my practical experience on my course 4m oracle on EBS modules...
Learning oracle modules from oracle university could help you to get complete end to end implementation experience..i mean during ur oracle classes u do 1 dummy implementation with all probabilities...So u ll b more familiarized on navigation and handson.
Also ur attendance ll help u 2 gain certification...the student e-kit is the lovely stuff most easiest configuration collection with screen shot...
by the way selecting modules should b ur choice...u can choose instructor lead training or live virtual classes...my suggestion if u learn the below 3 major modules wud upgrade ur knowledge on project suite.....
11i and R12 10% more web pages introduced...slight enhancement n functionalists...itz better 2 tak latest version...
R12 Project Billing Fundamentals
R12 Project Costing Fundamentals
R12 Project Resource Management Fundamentals
my reply might help u...best of luck... -
<<Do not ask for or offer points>>
Hello Experts,
We have SQL script to check if the document total of created CM gives is as same as debit/credit column in the G/L report. The script will be used in the PLD development. Here is the query:
select l.Segment_0+'-'+l.Segment_1, a.debit, a.credit, case when b.transtype = '13' then -f.LineTotal
when b.transtype = '14' then (g.linetotal) when b.TransType = '30' then (select distinct case when s.debit <> 0 then s.debit when s.credit <> 0 then (-s.credit) end from jdt1 s
inner join ojdt t on t.transid = s.transid where s.account = a.account and t.TransId = b.TransId
and t.TransType = b.TransType) end as 'Detail Total All Docs. (LC)' from JDT1 a inner join OJDT b on b.TransId = a.TransId inner join oact l on l.acctcode = a.account left join oinv e on e.docnum = a.baseref and e.objtype = b.transtype
left join inv1 f on f.docentry = e.docentry and f.AcctCode = a.Account left join rin1 g on
g.docentry = a.baseref and g.AcctCode = a.Account
left join orin h on h.docentry = g.docentry where b.TransType = '14' and b.RefDate between '10/01/2009' and '10/31/2009'
and b.transtype = '14' and h.docnum = '210' and l.groupmask = '4'
The result is as follows:
(No column name) debit credit Detail Total All Docs. (LC)
312-21 0.000000 -5815092.000000 582480.000000
312-21 0.000000 -5815092.000000 504816.000000
312-21 0.000000 -5815092.000000 359196.000000
312-21 0.000000 -5815092.000000 514524.000000
312-21 0.000000 -5815092.000000 135912.000000
312-21 0.000000 -5815092.000000 165036.000000
312-21 0.000000 -5815092.000000 194160.000000
312-21 0.000000 -5815092.000000 203868.000000
312-21 0.000000 -5815092.000000 2524080.000000
312-21 0.000000 -5815092.000000 165036.000000
312-21 0.000000 -5815092.000000 465984.000000
404-53 0.000000 -106788.000000 106788.000000
404-53 0.000000 -5611137.010000 106788.000000
The sum of detail total all docs column for account 312-21 and 404-53 are as same as credit but the credit in the last row for account 404-53 is not as same as detail total all docs i.e. 5611137.010000 and 106788.000000.
Pls adv. TIA
Edited by: Matt on Oct 2, 2010 1:14 PMThx JimM. I see that there is new table introduced i.e. OITB and It works. It works because the CM # 210 have had 2 different GL codes. When I try your query in the other CM document that have only one GL account code, the result is not correct. The CM line total is not displayed:
account TransId debit credit Detail Total All Docs. (LC)
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
404-53 58281 0.000000 -10719054.000000 -10719054.000000
404-53 58281 0.000000 -4488909.600000 -4488909.600000
Rgd,
Andres -
Interfacing Accounting entries to Oracle Financials
Dear Experts,
We are implementing an IS-Retail project for a client. The strange part of the implementation is that the client will still be using Oracle Financials as the Finance module and SAP FICO module will be just a facilitator.
Keeping this in mind we need to do the following:
1) Send all accounting entries created in SAP related to Vendor invoices/credit memos to Oracle Financials.
2) Send all accounting entries created in SAP related to Customer Billing / debit notes/credit notes to Oracle Financials.
3) Send all accounting entries created in SAP related to Stock Movement to Oracle Financials.
For the purpose we have identified following IDocs:
ACLPAY01 [Posting in Accounting: Incoming Invoice] for 1) above
This is essentially an inbound IDoc but can be utilised as an outbound too by doing some sort of customizing. But we do not know exactly how as SAP provides 3 sets of function modules for the purpose.
IDOC_OUTPUT_ACLPAY_CHECK
IDOC_OUTPUT_ACLPAY_POST
IDOC_OUTPUT_ACLPAY_PROJECT
We dont know exactly how to configure so that the outbound ACLPAY01 can be generated whenever a vendor invoice is created.
ACPJOU01 [Posting in Accounting from Materials Management] for 3) above.
This is also an inbound IDoc but can be utilised as an outbound too by doing some sort of customizing. As in case of ACLPAY01, SAP also provides 3 sets of function modules.
IDOC_OUTPUT_ACPJMM_CHECK
IDOC_OUTPUT_ACPJMM_POST
IDOC_OUTPUT_ACPJMM_PROJECT
We dont know exactly how to configure so that the outbound ACPJOU01 can be generated whenever there is a stock movement.
This has been hinted in this link http://help.sap.com/erp2005_ehp_04/helpdata/en/6c/089d0656c511d18ef20000e8366fc2/content.htm
We could not identify any outbound IDoc for the purpose of 2) above.
Any help in this regard will be appreciated.
-PankajThanks for your reply
We are using 11.5.9.i tried with payable accounting process also.its showing no data.
Could you please guide me for the solution?
Thanks
Gur uPrasad. -
Oracle Payables Witholding Tax Accounting Entries
Can someone please confirm the accounting entries in regards to withholding tax in Oracle Payables.
Are these correct?
At the time of payment creation:
DEBIT: ACCOUNTS PAYABLES $100
CREDIT: CASH $80
CREDIT: WITH-HOLDING TAX PAYABLE $20
When witholding tax invoice is created:
DEBIT: WITH-HOLDING TAX PAYABLE $20
CREDIT: ACCOUNTS PAYABLE $20
When witholding tax invoice is paid:
DEBIT: ACCOUNTS PAYABLE $20
CREDIT: CASH $20
Is WITH-HOLDING TAX PAYABLE a liability account through all entries or is there an expense account in the picture as well.
Thanks
AsimHello Asim.
Yes, the accounting entries are correct and there are no expense accounts involved in this process.
Octavio
(Chartered accountant) -
Accounting Entries in Project Asset Capitalization Process
Hello Dina,
Can you explain the accounting entries for capital projects for the scenario mentioned in the below points ?
1. A a project related supplier invoice is created for a capital project. It is validated, accounted and entries are transferred to GL. These are the entries:
Dr - Asset Clearing Account
Cr - Supplier Liability Account
2. Now, the transaction is interfaced to projects. The cost distribution line for the transaction only shows the Debit entry here (standard functionality)
Asset Clearing Account - Dr
Cr - Blank.
Since there are no adjustments to be made nor any more costs to incur, the project is capitalized.
3. Once asset lines are generated and then interfaced to Oracle Assets, the same clearing account (i.e. Asset Clearing Account of step 1) can be seen in Mass Additions screen in 'Clearing Account' Field. WHERE IS THIS USED ???
4. When the additions are set to POST, the system asks to enter 'Expense Account' and defaults the 'Bonus Expense' account from the setup for the asset category. WHERE IS THIS USED ???
5. Finally in the output of the Post Mass Additions request, there is a column 'Asset Account' which shows the value of the 'Asset Cost' account from the setup for the asset category. WHAT IS THIS FOR ???
Request you to throw some light on this.
Thanks,
ChanduHi
See my response on your later post.
Dina -
Debit/credit entry amount not balanced
Hi All,
I want post some adjustment excise amount through J1IH and for that I have created one sub transaction type and maintained "speciy excise accounts per excise transaction" and "specify G/L
accounts per excise transaction" but while doing the transaction J1IH for "additionl excise" at the time of saving one error is coming "debit/credit entry amount are not balanced".Can any one plz help me out
what another setting is required for saveing the transaction.
Regards,
SP Shukla.I will explain using an example. Please let me know if this is what you want.
PO 10 pcs @ USD 10 = total of USD 100
GR for 10 pcs
Dr Material 100
Cr GR/IR 100
Vendor sends invoice for 110 (10 pcs @ USD 11)
MIRO for 110
2 scenarios:
1) Stock available
Dr GR/IR 100
Dr Material 10
Cr Vendor 110
Difference is loaded on the stock. Please note that it is loaded on the existing quantity - whether 100 or 1 - it will load it on the complete stock.
2) Stock of material is 0
Dr GR/IR 100
Dr Price Difference 10
Cr Vendor 110
Hope this helps...
Lakshman -
Accounting Entries in Project Billing to Receivables Cycle
We are using EVENT/EVENT distribution method and are creating events from a feeder system to Project Billing. These events are accounted, revenue is transfered to GL and Invoices are interfaced into Receivables. Can any of you let me know the accounting entries and the stages at which accounting will happen.
Hi
Supplier invoice debit an account XXXX. This should be a CIP account (construction in progress), which is an Asset type account in GL.
When you capitalize the project, the system is populating the mass addition 'clearing account' field with the account debited by Projects (in your case, by AP). This will be the XXXX account.
The Expense Account should be the account you intend to charge periodic depreciation costs.
The Asset Account should be the account you intend to charge the value (the cost) of the asset in GL balance sheet.
Both, expense and asset, accounts are derived from the asset category.
If you have not defined asset categories, the system will use the default accounts from the system implementation setup.
Usually when you create an asset in Projects, before capitalizing, you are expected to setup the asset category. Asset category derives accounting and depreciation method.
Dina
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