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Difference in Revenue and Invoice amounts when Revenue AsIncurred and Billing CostReimbursment

in Project Management 2 comments

Summary:

We have customer who is Using Grants Management. Awards / Contracts are created with Billing method: Cost Reimbursable with zero markup and Revenue Method: As Incurred.
Customer is facing issue for difference in Revenue and Invoice Amounts though SAME DATES are used with Generating Revenue and Generating Invoices?

 

Can anyone confirms
1. If Generate Revenue program refers to Expenditure Item Date of transaction when user select 'From Date' and 'To Date' in parameters.
2. If Generate Invoice refers to Expenditure Item Date of transaction when user selects 'Bill From Date' and 'Bill Through Date' in parameters.
3. If both programs refer to expenditure item dates, then when user selects exactly same dates in both programs, do we expect Revenue and Invoice Amounts will match if Billing Method is Cost Reimbursable and As Incurred.

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