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Project Contract revenue generation based on POC method

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edited Aug 5, 2020 1:40PM in Project Management 17 comments

Summary

Is there any way we can generate revenue for COGS and REVENUE while generating Percent completion Revenue method

Content

Hi Team,

We are having the below case, here my customer has following Percent complete revenue method to generate revenue.

We are able to generate revenue as Half of it.

Like the expectation is, when we are generating the Revenue process... it has to generate 2 things

1. Actual Project revenue ( UER/UBR -- Dr to Revenue -- Cr) ( this is based on Project percent completion % upon the Fund value in the Contract) and also it has to generate

2. COGS ( COGS -- Dr to Project WIP - Cr) (this is based on Project percent completion % upon (Contingency + EAC of the Project ))

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