Oracle Projects provides controls as to which projects are ready for invoice generation.

You must complete the following steps before generating invoices for a contract project in Oracle Projects:

1. Enter an agreement and fund the project, using the Enter Agreements window. See: Entering Agreements.

2. If you want to generate revenue or invoices for the project based on percent complete, enter percent complete information either at the project or the funding level (project or top task). See: Revenue Accrual and Invoice Generation Based on Percent Complete.

3. If you want the project customer to be billed in a currency other than the project functional currency, enter currency attributes for the project customer.

   Note: To enter currency attributes, you must enable the multi-currency billing functionality. See: Setting Up Multi-Currency Billing, Oracle Projects Implementation Guide.

4. If you are using multi-currency billing, enter project level currency conversion attributes.

5. Enter budgets. See: Entering a Budget Draft.

   Note: If your project uses the cost-to-cost invoice generation method, you must include burdened costs in your cost budget and revenue amounts in your revenue budget. Without these amounts, Oracle Projects cannot successfully generate invoices for your project.

6. Baseline the project budget and funding. See: Creating a Baseline for a Budget Draft.

   Note: You must fund the budget before you can baseline it.

7. For projects using as-work-occurs billing, generate revenue for expenditure items using the Generate Draft Revenue process. See: Generate Draft Revenue.

8. For projects using event billing, enter billing events using the Event option in the Project or Task window. See: Events.

   Note: If you do not want to generate an invoice for a specific top task on your project, uncheck the Ready to Bill check box in the Control Billing by Top Task window. Oracle Projects assumes you want to invoice all billable top tasks on contract projects.

9. Optionally, revaluate your funding.

Other Sources

• Billing Cycles, Oracle Projects Implementation Guide