Guidelines for processing Project Billing

Please proceed in the below sequence and create transactions in Project Accounting.

1) Project Type ( Contract)

2) Project Template

3) Create Project

4) Create Agreement

5) Do Funding

6) Create Cost Budget

7) Create Revenue Budget

8) Create below preapproved expenses..

A) Misc Cost Transactions --- distribute and Interface to GL

B) Labor Cost Transactions -- distribute and Interface to GL

C) Useage Cost Transactions -- distribute and Interface to GL

9) Create Events for Revenue and Invoice --- Distribution Rule should be EVENT/EVENT

10) Generate and Interface Revenue to GL

11) Generate and Interface Invoice to Receivables

12) Create Customer Invoice in Receivables

13) Distribution Rule -- WORK / WORK -- For the already created expenditures run the revenue generation and Invoice creation process.

14) Generate and Interface Revenue to GL

15) Generate and Interface Invoice to Receivables

16) Create Customer Invoice in Receivables

17) Distribution Rule -- COST / COST

18) Generate and Interface Revenue to GL

19) Generate and Interface Invoice to Receivables

20) Create Customer Invoice in Receivables