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PA-Projects-Project Creation to AR Flow

Steps for Project to AR Flow1. Create a Project using an appropriate Template with Tasks, Keymembers and Customers who

are having a valid Billing Contact. Change the Billing Setup as COST/COST.2. Create Agreements and Fundings for that Project.3. Create Events accordingly. Give any type of Event for a Task. Number of lines of an Invoice is

dependent upon number of Events. We can create any number of Events for a Task. All theseEvents will appear as Lines in Invoice.

4. Define the Percent Complete i.e., Status of the Project and the date on which that status isreached.

5. Create Approved Cost Budget and Approved Revenue Budget for the Project and Baselinethose Budgets.

6. Change the Project Status as Approved. Complete the Project Flexfield information.7. Run the PRC: Generate Draft Revenue for a Single Project program to generate Draft Revenue.

Check this in Revenue Review.8. Run the PRC: Generate Draft Invoices for a Single Project program to generate Draft Invoice

Check it in Invoice Review and Approve and Release that Invoice.9. Now, Run PRC: Interface Invoices to Receivables program to interface the Invoice to

Receivables. Now all the Invoices will be in RA_INTERFACE_LINES_ALL

10. Now, Run the Autoinvoice Master Program in Receivables. Batch Source is PROJECTSINVOICES.

Now, the Invoices are successfully imported.

Steps to Create a Project1. Create a project

Copy from existing projects or navigate to projects to create new. For key members andremaining things you can see the project which you are copying and create same.

2. Navigate to Billing > AgreementCreate funding and save the changes.

3. Navigate to the Budget and here create BudgetTry to give amount and save and submit once you have submit then click baseline tab, if amountis not base lines then you have to give the conversion rate amount correctly to make it base lineuse below query for that:

SELECT conversion_rate * 5000

FROM gl_daily_rates

WHERE 1 = 1AND from_currency = 'EUR'AND to_currency = 'USD'AND trunc(conversion_date) = to_date('10-10-2008', 'DD-MM-YYYY')

4. Once you have done base line now we must create the expenditure items

Navigate to Expenditures, Pre Approved Batches and Enter new batch and create expenditureitemsSave the workClick Submit button and thenClick Release button

5. Navigate to Expenditures > Expenditures Inquiry > ProjectOpen ProjectSubmit the requestCheck to see if the concurrent program fails

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Then run, PRC: Generate Draft Revenue for a Single Project for your single project.

6. Once completed, Navigate to Billing > RevenueReview and check the projectRelease

7. Now, Navigate to the Expenditures > Expenditure Inquiry > ProjectQuery for your projectOpen itRun the RequestOnce Request completed nowRun the request for single project PRC: Generate Draft Invoices for a Single Project

8. Navigate to Billing > Invoice ReviewCheck your invoice and expenditure how they appear and now

9. Now, Run PRC: Interface Invoices to Receivables program to interface the Invoice toReceivables. Now all the Invoices will be in RA_INTERFACE_LINES_ALL.

Now, Run the Autoinvoice Master Program in Receivables. Batch Source is PROJECTS INVOICES.

Reference: http://sairamgoudmalla.blogspot.com/2009/02/project-accounting-steps-from-project.html

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