This page explains how to accrue revenue that should be recognized in the current fiscal period but will not be recorded in Oracle Financials by the end of the fiscal period.
Accruals should be used for amounts material to your department and must be used for anything greater than $50,000.
Procedure
External Revenue (not applicable to capital projects*) | Interdepartmental Revenue (not applicable to service centers) |
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* Accrual for Capital Projects is performed by Capital Accounting |
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Refer to How to: Create an Accrual Journal and Policy: Guideline for Accruing Expenses.