Cross Charge 233c1y
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Cross Charge
Copyright © 2007, Oracle. All rights reserved.
Objectives
After completing this lesson, you should be able to do the following: • Describe the use of borrowed and lent processing for cross charged transactions • Process borrowed and lent cross charges • Define borrowed and lent implementation setup steps
Copyright © 2007, Oracle. All rights reserved.
Agenda
• Overview of Cross Charge • Process Borrowed and Lent Cross Charges • Implement Borrowed and Lent Cross Charge Processing
Copyright © 2007, Oracle. All rights reserved.
Overview of Cross Charge
Provider Organization
Receiver Organization
Expenditure Organization: Services-East
Task Organization: Cleveland Mfg
Example: Timecard
A cross charge is the act of entering a transaction where the expenditure organization and the task owning organization are different.
Copyright © 2007, Oracle. All rights reserved.
Cross Charge Terminology Cross Charge Terminology
Borrowed and Lent Cross Charge Cross Charge Transaction Cross Charge Type Intercompany Billing Provider Operating Unit Provider Organization Receiver Operating Unit Receiver Organization Transfer Price
Copyright © 2007, Oracle. All rights reserved.
Cross Charge Types Example United States
US Services
Inter-Operating Dallas
IntraOperating Unit
Unit
Denver
Business Group
US Corp.
Legal Entities
New York
Operating Units
Intercompany
Copyright © 2007, Oracle. All rights reserved.
Cross Charge Types
Processing Methods Borrowed and Lent ing
Inter-operating unit and intra-operating unit cross charges
Intercompany Billing ing Intercompany and inter-operating unit cross charges
None: No Additional Processing Intercompany, inter-operating unit, and intra-operating unit cross charges Processing methods and the cross charge types with which you can use them Copyright © 2007, Oracle. All rights reserved.
Agenda
• Overview of Cross Charge • Process Borrowed and Lent Cross Charges • Implement Borrowed and Lent Cross Charge Processing
Copyright © 2007, Oracle. All rights reserved.
Borrowed and Lent Processing
Legal Entity
US Services
Dallas
Lent To
Denver
Operating Units
Borrowed From
For example, the Denver (Provider) Operating Unit owns the resource and the Dallas (Receiver) Operating Unit owns the project.
Copyright © 2007, Oracle. All rights reserved.
Project and Task Setup
Project
Task 1
Task 1.1
Task 2
Task 1.2
Task 2.1
Task 2.2
Define whether to allow charges from other operating units and specify whether to process labor and non-labor cross charge transactions.
Copyright © 2007, Oracle. All rights reserved.
Subledger ing Process Flow: Cross Charge Enter or import cross charge transactions Distribute costs of cross charges PRC: Distribute Borrowed and Lent Amounts
PRC: Generate Cross Charge ing Events PRC: Create ing PRC: Transfer Journal Entries to GL (optional) Journal Import (Oracle General Ledger) Processing flow for cross charges (provider operating unit) Copyright © 2007, Oracle. All rights reserved.
Borrowed and Lent ing Process
ing
Debit (DR) Credit (CR)
Amount
Cost
Labor Expense DR 01-490-5020-000
500.00
Cost
Labor Clearing CR 01-000-2410-000
500.00
Borrowed and Lent
Lent DR 01-422-7050-000
2,000.00
Borrowed and Lent
Borrowed CR 01-490-7050-000
2,000.00
Example of Borrowed and Lent ing
Copyright © 2007, Oracle. All rights reserved.
Cross Charge Adjustments
Perform adjustments
Reprocess cross charges
Use the Expenditure Items window to perform cross charge adjustments.
Copyright © 2007, Oracle. All rights reserved.
Processing Cross Charge Adjustments Mark a cross charged transaction for reprocessing
Run PRC: Distribute Borrowed and Lent Amounts
Recalculates transfer price
Reconverts transfer price amount
Regenerates ing entries
Reverses existing distributions
Processing adjustments to borrowed and lent cross charges
Copyright © 2007, Oracle. All rights reserved.
Agenda
• Overview of Cross Charge • Process Borrowed and Lent Cross Charges • Implement Borrowed and Lent Cross Charge Processing
Copyright © 2007, Oracle. All rights reserved.
Borrowed and Lent Cross Charge Processing Implementation Steps Step
Required? Setup Level
Define transfer price rules
Yes
Site
Define transfer price schedules
Yes
Site
Define cross charge implementation options (for all operating units using borrowed and lent processing)
Yes
Operating Unit
Define provider and receiver controls
Yes
Operating Unit
Define ing for borrowed and lent transactions
Yes
Operating Unit
Implement cross charge client extensions
No
Site
Borrowed and Lent Cross Charge Implementation Steps
Copyright © 2007, Oracle. All rights reserved.
Transfer Price Rules
Cross Charge Resource
Project
Provider
Receiver
Transfer Price Credit
Debit Borrowed and Lent Processing
Transfer price rules determine how Oracle Project Costing calculates the transfer price for cross charged transactions.
Copyright © 2007, Oracle. All rights reserved.
Transfer Price Schedule
Provider
Receiver
Services-East
Cleveland Mfg
Labor Rule = Cost + 50% Non-Labor Rule = Cost + 25%
Specify which rules determine the transfer price amount for transactions charged from a provider organization to a receiver organization.
Copyright © 2007, Oracle. All rights reserved.
Cross Charge Implementation Options
Cross Charges within Operating Unit
Cross Charges to Operating Units with in Same Legal Entity
Allow?
Default Processing Method
Default Processing Method
– None
– None
– Borrowed and Lent
– Borrowed and Lent
Select default processing methods and transfer price currency conversion options. Copyright © 2007, Oracle. All rights reserved.
Provider and Receiver Controls for Borrowed and Lent ing
US Services
Dallas
Denver
Legal Entity
Operating Units
Allow Cross Charges Borrowed and Lent Processing Define Provide and Receiver Controls to control cross charging and to override default processing methods. Copyright © 2007, Oracle. All rights reserved.
Autoing Rules for Borrowed and Lent Transactions
Autoing Function
Business Activity
Borrowed
Determines default borrowed , which is the credit side of the borrowed and lent transaction
Lent
Determines default lent , which is the debit side of the borrowed and lent transaction
Implement Autoing to generate default borrowed and lent s.
Copyright © 2007, Oracle. All rights reserved.
Implement Cross Charge Extensions
Client Extensions for Borrowed and Lent Cross Charges Provider and Receiver Organizations Override Extension Cross Charge Processing Method Override Extension Transfer Price Determination Extension Transfer Price Override Extension Transfer Price Currency Override Extension Define extensions to further enhance borrowed and lent cross charge processing.
Copyright © 2007, Oracle. All rights reserved.
Summary
In this lesson, you should have learned how to: • Explain the cross charge processing methods • Enter and process borrowed and lent cross charges • Implement borrowed and lent cross charge processing
Copyright © 2007, Oracle. All rights reserved.
Copyright © 2007, Oracle. All rights reserved.
Objectives
After completing this lesson, you should be able to do the following: • Describe the use of borrowed and lent processing for cross charged transactions • Process borrowed and lent cross charges • Define borrowed and lent implementation setup steps
Copyright © 2007, Oracle. All rights reserved.
Agenda
• Overview of Cross Charge • Process Borrowed and Lent Cross Charges • Implement Borrowed and Lent Cross Charge Processing
Copyright © 2007, Oracle. All rights reserved.
Overview of Cross Charge
Provider Organization
Receiver Organization
Expenditure Organization: Services-East
Task Organization: Cleveland Mfg
Example: Timecard
A cross charge is the act of entering a transaction where the expenditure organization and the task owning organization are different.
Copyright © 2007, Oracle. All rights reserved.
Cross Charge Terminology Cross Charge Terminology
Borrowed and Lent Cross Charge Cross Charge Transaction Cross Charge Type Intercompany Billing Provider Operating Unit Provider Organization Receiver Operating Unit Receiver Organization Transfer Price
Copyright © 2007, Oracle. All rights reserved.
Cross Charge Types Example United States
US Services
Inter-Operating Dallas
IntraOperating Unit
Unit
Denver
Business Group
US Corp.
Legal Entities
New York
Operating Units
Intercompany
Copyright © 2007, Oracle. All rights reserved.
Cross Charge Types
Processing Methods Borrowed and Lent ing
Inter-operating unit and intra-operating unit cross charges
Intercompany Billing ing Intercompany and inter-operating unit cross charges
None: No Additional Processing Intercompany, inter-operating unit, and intra-operating unit cross charges Processing methods and the cross charge types with which you can use them Copyright © 2007, Oracle. All rights reserved.
Agenda
• Overview of Cross Charge • Process Borrowed and Lent Cross Charges • Implement Borrowed and Lent Cross Charge Processing
Copyright © 2007, Oracle. All rights reserved.
Borrowed and Lent Processing
Legal Entity
US Services
Dallas
Lent To
Denver
Operating Units
Borrowed From
For example, the Denver (Provider) Operating Unit owns the resource and the Dallas (Receiver) Operating Unit owns the project.
Copyright © 2007, Oracle. All rights reserved.
Project and Task Setup
Project
Task 1
Task 1.1
Task 2
Task 1.2
Task 2.1
Task 2.2
Define whether to allow charges from other operating units and specify whether to process labor and non-labor cross charge transactions.
Copyright © 2007, Oracle. All rights reserved.
Subledger ing Process Flow: Cross Charge Enter or import cross charge transactions Distribute costs of cross charges PRC: Distribute Borrowed and Lent Amounts
PRC: Generate Cross Charge ing Events PRC: Create ing PRC: Transfer Journal Entries to GL (optional) Journal Import (Oracle General Ledger) Processing flow for cross charges (provider operating unit) Copyright © 2007, Oracle. All rights reserved.
Borrowed and Lent ing Process
ing
Debit (DR) Credit (CR)
Amount
Cost
Labor Expense DR 01-490-5020-000
500.00
Cost
Labor Clearing CR 01-000-2410-000
500.00
Borrowed and Lent
Lent DR 01-422-7050-000
2,000.00
Borrowed and Lent
Borrowed CR 01-490-7050-000
2,000.00
Example of Borrowed and Lent ing
Copyright © 2007, Oracle. All rights reserved.
Cross Charge Adjustments
Perform adjustments
Reprocess cross charges
Use the Expenditure Items window to perform cross charge adjustments.
Copyright © 2007, Oracle. All rights reserved.
Processing Cross Charge Adjustments Mark a cross charged transaction for reprocessing
Run PRC: Distribute Borrowed and Lent Amounts
Recalculates transfer price
Reconverts transfer price amount
Regenerates ing entries
Reverses existing distributions
Processing adjustments to borrowed and lent cross charges
Copyright © 2007, Oracle. All rights reserved.
Agenda
• Overview of Cross Charge • Process Borrowed and Lent Cross Charges • Implement Borrowed and Lent Cross Charge Processing
Copyright © 2007, Oracle. All rights reserved.
Borrowed and Lent Cross Charge Processing Implementation Steps Step
Required? Setup Level
Define transfer price rules
Yes
Site
Define transfer price schedules
Yes
Site
Define cross charge implementation options (for all operating units using borrowed and lent processing)
Yes
Operating Unit
Define provider and receiver controls
Yes
Operating Unit
Define ing for borrowed and lent transactions
Yes
Operating Unit
Implement cross charge client extensions
No
Site
Borrowed and Lent Cross Charge Implementation Steps
Copyright © 2007, Oracle. All rights reserved.
Transfer Price Rules
Cross Charge Resource
Project
Provider
Receiver
Transfer Price Credit
Debit Borrowed and Lent Processing
Transfer price rules determine how Oracle Project Costing calculates the transfer price for cross charged transactions.
Copyright © 2007, Oracle. All rights reserved.
Transfer Price Schedule
Provider
Receiver
Services-East
Cleveland Mfg
Labor Rule = Cost + 50% Non-Labor Rule = Cost + 25%
Specify which rules determine the transfer price amount for transactions charged from a provider organization to a receiver organization.
Copyright © 2007, Oracle. All rights reserved.
Cross Charge Implementation Options
Cross Charges within Operating Unit
Cross Charges to Operating Units with in Same Legal Entity
Allow?
Default Processing Method
Default Processing Method
– None
– None
– Borrowed and Lent
– Borrowed and Lent
Select default processing methods and transfer price currency conversion options. Copyright © 2007, Oracle. All rights reserved.
Provider and Receiver Controls for Borrowed and Lent ing
US Services
Dallas
Denver
Legal Entity
Operating Units
Allow Cross Charges Borrowed and Lent Processing Define Provide and Receiver Controls to control cross charging and to override default processing methods. Copyright © 2007, Oracle. All rights reserved.
Autoing Rules for Borrowed and Lent Transactions
Autoing Function
Business Activity
Borrowed
Determines default borrowed , which is the credit side of the borrowed and lent transaction
Lent
Determines default lent , which is the debit side of the borrowed and lent transaction
Implement Autoing to generate default borrowed and lent s.
Copyright © 2007, Oracle. All rights reserved.
Implement Cross Charge Extensions
Client Extensions for Borrowed and Lent Cross Charges Provider and Receiver Organizations Override Extension Cross Charge Processing Method Override Extension Transfer Price Determination Extension Transfer Price Override Extension Transfer Price Currency Override Extension Define extensions to further enhance borrowed and lent cross charge processing.
Copyright © 2007, Oracle. All rights reserved.
Summary
In this lesson, you should have learned how to: • Explain the cross charge processing methods • Enter and process borrowed and lent cross charges • Implement borrowed and lent cross charge processing
Copyright © 2007, Oracle. All rights reserved.
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