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% spent revenue and cost

edited Nov 15, 2019 3:42PM in Project Management 1 comment

Summary

How to stop revenue being recognised for a particular cost transaction?

Content

Hi there,

I have the following use case:

We are delivering a project and are using % spent revenue recognition method within the contract. We are funding a set of tasks via Contract Lines.

We use Project Budget to calculate the % spent revenue recognition to provide Oracle with the Total Planned Cost.

Against the funded tasks we incur some costs, which legitimately should not contribute/count towards out %spent revenue recognition. I notice that against a cost transaction we can set Revenue to Hold Until Released. I have used it but it made no difference to my revenue when using % spend. I believe it only applies if Revenue Plan = Rate Based.

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