Project Billing - Agreement (Advance required)

Hi Folks,
Did anyone use the "Advance Required" (receipt to be applied) feature on the agreement form?
I could successfully apply the receipt and find the project. But, per the window help, after generating draft invoice, the advance on the funding inquiry screen should be decreased which is not happening for me.
Did anyone face similar kind of issue?

Well, this is something new with R12. So most of us Oracle customers don't have any experience with this new feature, so you are like a pioneer, blazing a trail into the great unknown. Let me ask this question - have you interfaced the invoice to Receivables yet? The impression I get is that the Autoinvoice process in Oracle Receivables will reduce the balance on the advance. The documentation does seem unclear on when exactly you will see the advance balance on the funding summary reduced. Since this is a new feature, you do have to consider the possibiity that you have run across an Oracle bug (someone has to be the first one to find a bug, after all). So my thought is that you should open up a service request with Oracle Support on this item. By working with support, you have the ability to have them view your setups and your real live data, which we on this forum do not have the ability to see. It could be possible that you have a setup issue, though I think it may be more likely that you either have not completed the process to the right point, or that you miight have run across a bug.
John Dickey

Similar Messages

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    Hi All,
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    Can we delete or end date the billing agreement?
    will the funding be release from the wrong customner after deleting or end dating the billing agreement?
    2) Wrong customer attached to a project..agreements,funding,baselining are NOT done.
    How can we delete this customer and add the correct customer?
    The option to change the customer is grayed out.
    Appreciate if you can help.
    Thanks

    Hi
    On your first question you said the agreement was created for wrong customer. Since you already baselined the funding, I assume you have that customer linked to the project.
    You can go the Agreement form and  enter a negative funding line allocated to the same project. The total allocated amount will be zero. The agreement is now not allocated and free to be allocated to another project. If it is a wrong agreement you may update the agreement amount to zero.  Now create a new agreement for the right customer.
    The open issue is with the project. You have a wrong customer associated with that project. However, system will not allow you to remove the customer - project record.  Solution depends on the way the project was setup. Did you enable customer at top task? if so, end date the top task and create an alternative top task with the right customer.
    If the project has been set with a single customer you better close the project and start a new one.
    However, if you need an alternative solution, I can suggest a custom method. Go to Help > ..> Examine and change the existing customer of the project to zero contribution.
    Now you will be able to add the right customer to the project and have 100% contribution on it.
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  • Advance tracking in Project Billing

    Dear All,
    Could anyone please highlight me on the Advance tracking facility in Project Billing for the Advacnes received in AR against a project.
    Some methods of achieving this functionality.
    1 Project may get 2 to 3 Advances, I need to track it and later I need to adjust it against single invoice or multiple invoices.
    Advances I mean creation of Deposits in AR which later can be adjusted against AR invoice.
    Thanks in Advance,
    Arvind
    Edited by: Arvi on Sep 6, 2009 5:12 AM

    Hi
    I assume you have Organization Hierarchy set up where OU1 is a parent and the projects orgs 1. 2. and 3 are children of that parent.
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  • Advance Required,Hard limit-- List boxes

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    Hi
    Advance required on agreement form means the customer is willing to pay in advance some amount, before the project has been executed. The terms are entered on agreement level. The advance payment is entered in Account Receivables. Advances will later on be applied to project invoices.
    Hard limit for revenue is checked and validated by the PRC: Generate Draft Revenue process. While revenue is generated for that agreement the system will limit the revenue amount, so the total accumulated revenue will not exceed the fund allocated to the project.
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  • Project Billing - 1 time holds (how does it work)

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    Hi Dena,
    extremely sorry for troubling .......... can u kindly mail me these document .... Accounting entries(Debit/Credit) in Oracle Project Suite , at [email protected]
    in advance thanx alot
    regards
    umais

  • Project Billing-only / standalone implementation

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    We are in a manufacturing environment. If we truly want to collect cost into Projects, we would need to turn on Project Manufacturing, which would significantly alter our business process since we don't really track cost by project today.
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  • Billing in advance

    Hi dear all,
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    The sales department donu2019t want to cancel the following documents, because  then it will be generated a credit note and the financial balance is after that incorrect.
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    I hope you understand the problem the way I explained.

    "If we check directly in the order, the contract appears and the proforma invoice !!!"
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    The sales department donu2019t want to cancel the following documents, because then it will be generated a credit note and the financial balance is after that incorrect.
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    Hi
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