Revenue is automatically adjusted when you adjust an invoice that bills the associated revenue. You can adjust draft revenue and draft invoices by adjusting expenditure items using the Expenditure Items window. For example, you can change the status of an expenditure item from billable to non-billable, or transfer an expenditure item to a different project from the one it is charged to.
Attention: Make all revenue adjustments in Oracle Projects. Do not adjust project revenue in Oracle General Ledger, because the revenue amounts will not reconcile to the amounts in Oracle Projects.
After you adjust revenue in Oracle Projects, you run the concurrent program PRC: Generate Revenue Accounting Events to generate revenue accounting events for the adjustments. Next, you run the concurrent program PRC: Create Accounting to create accounting for the accounting events in Oracle Subledger Accounting.
Oracle Projects predefines a Revenue Adjustment event class and specifies that the Revenue event class is its predecessor in Oracle Subledger Accounting. This approach ensures that the concurrent program PRC: Create Accounting creates accounting for the original revenue transactions before it creates the accounting for any adjustments. This sequence is important because the final accounting for adjustments is based on the final subledger accounting for the original transactions. For additional information, see: Integrating with Oracle Subledger Accounting.
Additional Information: If you disable the predefined journal line types and create your own, you must define two journal line types, one for the original revenue transaction and one for the adjustment.
You also can create revenue events to adjust the revenue amount associated with a project, independent of the expenditure items charged to the project. Revenue events have a classification of Write-On, Write-Off, Manual, or Automatic. You use the Events window to enter revenue events for projects or top tasks. The Events window is accessible from the Billing Information option.