Project Billing: Historical Revenue Conversion
Hello we are converting:
1. Agreements
2. Existing revenue (Historical)
3.Historical Expenditures
We are using cost to cost revenue accrual method.
1. When we convert agreements how Revenue Accrued so far is populated when we create automatic events for revenue conversion and generate revenue does this duplicate revenue accrual on the agreement?
2. As we are converting historical revenue using revenue events and also historical expenditures, do we need to convert expenditures as non-billable to avoid these expenditures getting picked up into revenue calculations by generate revenue program.
What is the approach we have to take to make future revenue calculations correct?
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1. When we convert agreements how Revenue Accrued so far is populated when we create automatic events for revenue conversion and generate revenue does this duplicate revenue accrual on the agreement?