Oracle Projects can generate revenue and invoices based on the financial physical percent complete that you enter for a project. You can enter the physical percent complete for all the levels in the financial breakdown structure (FBS). However, to generate revenue or invoices based on physical percent complete, you must have physical percent complete at the funding level (project or top task).

You enter physical percent complete for an As Of Date. Oracle Projects can maintain physical percent complete history. When you use physical percent complete as the basis for revenue accrual or generation of draft invoices, Oracle Projects uses the As Of Date to determine the corresponding physical percent complete.

Depending on the type of integration between the workplan and financial structure on a project, Oracle Projects can update physical percent complete on the financial structure using the physical percent complete for tasks on the workplan structure. For information on integration between workplan and financial structures, see: Integrating Workplan and Financial Structures.

Oracle Projects rolls up the physical percent complete on the financial breakdown structure based on the physical percent complete rollup method that you set for the financial structure. For information on updating physical percent complete on the financial structure, see: Deriving Physical Percent Complete for Financial Structures.

Revenue accrual based on physical percent complete is different from percent complete based on a budget (Actual Cost / Budgeted Cost). The method based on budgets, is also sometimes referred to as Percent Spent or Cost-to-Cost Revenue Accrual. See: Cost-to-Cost (Percent Spent).

Revenue accrual based on physical percent complete is also different from revenue accrual on an as-work-occurs (or time and materials) basis, where the total potential revenue is the sum of the revenue of all expenditure items plus events. See: As Work Occurs (Time and Materials).

Oracle Projects performs the physical percent complete revenue calculation using the following predefined billing extensions:

• Percent Complete Revenue

• Percent Complete Invoicing

The revenue and invoice processes call the appropriate billing extension to calculate the revenue or invoice amount and to create an event. The percent complete extensions pick up physical percent complete at the project level that is rolled up from the task level, as well as user-entered physical percent complete.

See also, Setup Requirements for Percent Complete Revenue and Invoicing, Oracle Projects Implementation Guide.