Allocate Revenues to Projects
During invoice entry, you can specify whether Miscellaneous Billing revenues, including late fees and finance charges, are allocated to a project. This feature is also linked to Bad Debt Processing, Delinquent Processing, Adjustment Processing and Revenue Collections.
If you write off or adjust a billing, project information also will be attached to the general ledger distribution created by the transaction.
Setup
Default Project
As part of the setup required to use this feature, you must define a Default Project on the Invoice Type Distributions page.
- To access the Invoice Type Distributions page, go to Maintenance > Financial Management > Miscellaneous Billing > Invoice Types. If you select the Generate G/L Entries check box and save the record, the Invoice Type Distributions page opens. Otherwise, click Distributions to define the debit and credit distributions for this invoice type.
- In Default Project select which Miscellaneous Billing
revenue will be allocated to a project. Clicking the Search icon (
) next to this field opens a pop-up which enables you to search for the project you want to display. The Revenue G/L Account selected on this page needs to be set up to use projects, and the projects need to be set up to accept revenue.
Note: The Revenue G/L Account selected on this page needs to be set up to use projects, and the projects need to be set up to accept revenue.
Project Override
If you want to set up a billing code with a project that overrides the Default Project selected for this invoice type, use the Project field in the Override G/L Accounts section of the Billing Code page.
In Miscellaneous Billing Customer recurring invoices setup, a Credit Project override has been added to the Invoice Billing Detail pop-up page.
This override has been added to the same pop-up in invoice entry.