Manage Project Billing Transaction Configurations

Security: Set Up: Project Billing - Configurations
domain in the Project Billing functional area.

You can configure:

Deferred billable project costs accounting.

Required fields for Workday to populate when you transfer or split nonlabor billable project transactions during project billing review.

Revenue offsets for invoiced billable transactions.

Workday to recalculate transactions based on billing status.

Access the

Manage Project Billing Transactions Configuration

task.

As you complete the

Project Transfer Options

tab, consider:

Option	Description
Accounting Adjustment Date	Select a date for Workday to populate when you transfer or split paid nonlabor billable project transactions on the Manage Project Billing Transactions task. When you select: Use Today's Date , the accounting adjustment uses the date of the transfer. Use Transaction Date , the accounting adjustment uses the date of the transaction. Workday requires you to configure an accounting adjustment date for project transfer.
Accounting Adjustment Reason	Select a reason for Workday to populate when you transfer or split paid nonlabor billable project transactions on the Manage Project Billing transactions task. Workday requires you to configure an accounting adjustment reason for project transfer. You can configure accounting adjustment reasons on the Maintain Accounting Adjustment Change Reason Codes task.
Transfer Reason Required	Select to require a transfer reason when you transfer nonlabor billable project transactions on the Manage Project Billing transactions task.

As you complete the

Transfer Reasons

tab, consider:

Option	Description
Default	Select a default transfer reason for Workday to populate when you transfer unpaid nonlabor billable project transactions on the Manage Project Billing Transactions task.
In Use	Workday enables this check box when you use the transfer reason to transfer nonlabor billable project transactions on the Manage Project Billing Transactions task. You can't delete a transfer reason when it's in use.

As you complete the

Revenue

tab, consider:

Option	Description
Revenue Offset for Invoiced Billable Transactions	Select to prevent the creation of revenue offset installments when you've already accrued revenue.
Enable Deferred Billable Project Costs Accounting	Select to generate billable project cost recognition operational journals for nonlabor billable project transactions when you recognize revenue. Once you enable deferred billable project costs accounting, you can't disable it.

As you complete the

Billing

tab, consider:

Option	Description
Automatically Recalculate Transactions	Select to recalculate billable project transactions when there's a change to the associated: Billing schedule. Billing rate sheet. Contract rate sheet. Customer contract. Standard rate sheet. When you don't automatically recalculate transactions, Workday populates the Recalculate column on the Manage Project Billing Transactions task to identify the billable projects and transactions that might require recalculation. Workday doesn't automatically recalculate transactions when you: Add, edit, or delete a project rate rule. Add or edit a worker rule billing rate. Add or reorder standard billing rate by rules. Cancel an invoice resulting in transactions returning to Ready to Bill status. Edit a project. Update a worker attribute.
Recalculate Transactions with Billing Status	When you select the Automatically Recalculate Transactions check box, select the billing status that you want Workday to recalculate.
Reset Invoiced Transactions to Billing Status	Select the billing status that you want Workday to apply to billable project transactions when you deny, cancel, or credit adjust an invoice. By default, Workday populates the prompt with a billing status of Ready to Bill . Workday doesn't apply the billing status to order fulfillment or daily project transactions.