Scenario 1 – Rev rec at Invoicing
Fee Journal
DR Project WIP Sale Value (B/S) – 1000
CR Project Accrued Revenue – Sale value (P&L) – 1000
Expense Journal – Consumption
Dr Cost – 500
Cr – B/S – 500
Dr Project WIP Sale Value (B/S) – 500
CR Project Accrued Revenue -…
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Invoice, Invoice in Advance and Invoice in Arrears – T&M
Scenario 1 – Rev rec at Invoicing Fee Journal DR Project WIP Sale Value (B/S) – 1000 CR Project Accrued…
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