Journal Types Available in the Projects

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Hours
The hours journal is used to register the time consumption on a particular project.
You can set up an approval process for hours journals by using the Journal Approval
Form (Project Setup Journals Journal Approval).
Cost
This is simply a GL general journal. Project costs can be entered from this journal
Or from General Ledger Journals General Journal. The journal names for cost
Journals are set up via the General Ledger module.
Revenue
This journal is used to record revenue for a project.
Item Consumption
This journal is an inventory-management journal and thus the journal names are set up
In the Inventory Management module. This is similar to simply using a sales order to
Record project item consumption.
Web
The web journal will record hours via the Enterprise Portal and place them in this
Journal to be transferred to another journal as specified in the Project Parameters
Form, Project Setup Parameters. You cannot actually post anything from a web
Journal. This should be considered a prejournal.