Scenario 1 - Change of cost and sales price before confirmation of project contract Before project contract confirmation, the time transaction has following actuals transactions:The cost and sales price are updated and the…
If there are two on-account (milestones) lines on the Straight Line Rev Rec project, with different dimensions, other than the one on the project, for example as below, then rev-rec line ignores…
Scenario 1 – Rev rec at Invoicing Fee Journal DR Project WIP Sale Value (B/S) – 1000 CR Project Accrued Revenue – Sale value (P&L) –…
Continue Reading noreply@blogger.com (Sarang Kusare)’s Article on their blog
When the project invoice includes just one on-transaction, then system does not allow the user to split that single transaction during the credit note. Single on-account transaction cannot…
There are three calculation methods when it comes to fixed price projects, they are: None Markup percent total Markup percent estimate line This post is not about describing…
Everyday you learn, no matter what and that’s absolutely true. However more important is to retain what you have learnt today and reduce the time in re-inventing the…
Business case – A prepayment is received from the customer for an additional support contract for 35 hours on top of the actual core project. However the contract is…
