How are others managing revenue recognition for their contracts that are cost reimbursed?

Summary:

We utilize, projects, contracts and awards. For our cost reimbursed projects we were informed by our implementation team to select rate based for our invoice method and as incurred for our revenue method. As we've been live on the system we are seeing revenue recognition for costs that have not yet been invoiced. Through materials that I've read, this is how the system should be performing. However, we only want revenue to be recognized on what has been invoiced. What are others using for their combinations?

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