Now Reading: Calculation Method and Revenue Posting
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Calculation Method and Revenue Posting
Calculation Method = None
Project Cost center = A
Contract Value = 100,000
Hours Forecast = 10,000
Total Cost Posted = 7,000
Cost for employee ABS which belongs to Cost Center A = 3000
Cost for employee XYZ which belongs to Cost Center B = 4000
% cost complete = 70% (7000/10,000)
Revenue to recognize = 70,000
Note: In this method, the sales price / amount that is displayed against…
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Calculation Method and Revenue Posting
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