Skip to main content


What is Project Type Class? Oracle Projects Considerations Part 2

In Part 1 of my Oracle Projects Considerations series, I discussed Project Centric vs. GL Centric. This post, Part 2, will cover Project Type Classes.

The three Project Type Classes seeded within Projects are:

  • Capital
  • Contract
  • Indirect
Oracle - Guide to Oracle Cloud: 5 Steps to Ensure a Successful Move to the Cloud
Guide to Oracle Cloud: 5 Steps to Ensure a Successful Move to the Cloud

Explore key considerations, integrating the cloud with legacy applications and challenges of current cloud implementations.

Get the Guide

They drive how Project Types will collect and track expenditures on projects.

The Capital Project Type Class collects costs for labor and other activities for building assets. These expenditures feed CIP/RWIP and expense collection in order to build assets for eventual transfer to Assets for depreciation.

The Contract Project Type Class collects costs, labor and other expenditures and drive them to generate revenue and billing of services. For example, technicians installing or servicing customer equipment.

Indirect Project Type Class collect costs for overhead, non-capital, non-billable projects. Indirect projects are used to collect, track, or report non-revenue and non-capital project expenditures. Examples are labor and/or benefits and holidays for administrative teams like marketing, finance, etc.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Wallace Bartlett, Sr. Solutions Architect

Wallace has been working with Oracle applications for nearly 20 years implementing domestic and international projects in roles from consultant to Director/Solution Architect. He has participated in implementation/upgrade, project oversight, pre-sales, and large complex process improvement efforts. Experience includes project and managerial accounting operations, financial planning & budgeting, payables and billing. His Oracle experience includes Project Accounting suite, Financials and process improvement within numerous industries. The list includes Professional Services, Manufacturing, Mining, Financial Services and Business Services, Communications and Media, and Automotive.

More from this Author

Follow Us