What Billing and Revenue Management Setup Should I Consider for Grant Management?

Contracts

Your activity structure in Project Accounting determines how many contract records you must define. For each contract activity, you need a separate Contract Parameters (BR10.1) record to track the contract data. You enter contract amounts on Contract Detail (BR10.2).

Also, if your organization uses a letter of credit for an award, you can identify letter of credit numbers on the Customer tab of Contract Parameters (BR10.1). You can optionally use the contract modification functionality on Additional Contract Information (BR10.4) to create an audit trail of changes to the contract amount or date values. Defining contract parameters

Customers

When you define customers on Customer (BR11.1), each sponsor should be set up as a separate customer. If your organization uses a letter of credit for an award, the AR Interface option on Customer (BR11.1) should be Summary, so you can apply cash by an activity list based on letter of credit on Entry and Application (AR30.1). Defining customer invoice options

Activity Billing

When you set up a billing method on Activity Billing (BR00.1), you will enter the award amount in the Contract Amount field. If the billing ceiling is different from the contract ceiling (contract amounts are entered on Contract Detail (BR10.2), you only need to define a billing ceiling on Billing Detail (BR00.2). Defining billing parameters and detail