You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register
Skip to content
  • Register

    • Customize the formula for Percentage spent Revenue recognition through project process configurator

    in Revenue Management 2 comments

    Can we customize the percentage spent revenue method formula to add a specific condition to it.
    For Example: The system should not generate any revenue unless the actual cost ITD is crossing 10% of the cost budget for that Project. Also, at the same time, there should be an accounting entry generated.

    The accounting entry is, initially the project cost will be in the project WIP account until the revenue is recognized, once the revenue is recognized, all the cost in the WIP account should be transferred to project cost account. Is there any way to achieve this?

    Tagged:

    Howdy, Stranger!

    Log In

    To view full details, sign in.

    Register

    Don't have an account? Click here to get started!