Project Billing-only / standalone implementation

Does anyone have the experience of implementing Project Billing as a standalone module - ie without using functionalities of Project Costing?
I understand that we would still need to do the project fundation setups, but we don't plan to use any feature of Projects except using Billing to drive some complex billing and revenue recognition activities.
Any suggestions, tips and tricks, or whitepapers would be deeply appreciated!
David Sun from NeoPassage

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.
Therefore, we would like to set up the minimal Project Billing functions, somehow feed sales order and service contract data to a project, and bill/recognize revenue from the project. The specific requirements include 1) progress billing, billing and earning revenue by event, 2) FMV recognition, recognize revenue according to fair market value instead of sales order unit price, and 3) sales and service grouped on one bill, using an umbrella (in this case a project) to cover both.
Thanks!!

Similar Messages

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    Dear All,
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    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.
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    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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    For decentralized processing you need to have Transaction Types in AR for standard invoice and for credit memo, for each one of the project orgs. The transaction type must start with the org name. System has a process to automatically create those transaction types. Run the process - IMP: Create Invoice Organization Transaction Types process.
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  • Need the exact difference betwn Intercompany Billing and Inter-project bill

    Hi,
    Can any one tell me the exact difference between the intercompany Billing and inter-project billing?
    The decision to which should be used in which scenraios.
    also what is the Setup Level Difference in both.
    If you have any white paper / document / note in metalink also on this topic then I will be very happy to have that.
    Thanks very much in advance.
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    Hi
    Inter project billing may be used within the same operating unit.
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  • Invoice Class for Project Billing Transactions

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    Hi
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  • 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
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  • How to edit s.o. line after booking in Line Flow - Generic, Bill Only workflow?

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  • Projects Cross-charge functionality Vs Inter-project Billing

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  • Project Billing - 1 time holds (how does it work)

    Can someone tell me how does the 1-time hold works in Project Billing? We thought it puts the items on hold until the invoice have been released to AR and it automatically releases the hold.
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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

  • Inter Project Billing - Questions

    Hi,
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    But we still have questions about the Accounting Process - do the ap invoice and the ar invoice hit the same account? and how do we clear the Open Invoices on both AP and AR?
    Please Help!!!!
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    Akshaj

    Hi Dina,
    A couple more questions.
    Following is a table with example transactions below:
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    Sales           400          
    IP-Sales               (200)     (200)
    COS               200     200
    IP-COS          200          200
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    Net Income          200      0     
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    Thanks.

  • Project Billing Question

    Hi All,
    I have couple of Project billing questions. Hope you can help
    1)A wrong customer was attached to project billing agreement, funding and base line also completed for the customer.
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    What are the options we have here?
    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.
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    Dina

  • OEOL: Customizing Line Flow - Generic, Bill Only with Inventory Interface

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    Hi,
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