Audio Player

Project postings with Billing Rule

When Progress Billing Rules are used on the Time and Materials project, then the following things should be kept in mind:

1. The postings setup at the group level for On-accounts and Fee, does not matter. The revenue is directly posted to PNL.

Revenue is posted to à Invoiced revenue (CR)

Accounting entry is as follows:
                       DR Accounts Receivable

Project postings with Billing Rule

Blog Syndicated with noreply@blogger.com (Sarang Kusare)’s Permission

0 Votes: 0 Upvotes, 0 Downvotes (0 Points)

Leave a reply

Top Headlines
    Join Us
    • X Network2.1K
    • LinkedIn3.8k
    • Bluesky0.5K
    Support The Site
    Events
    July 2025
    MTWTFSS
      1 2 3 4 5 6
    7 8 9 10 11 12 13
    14 15 16 17 18 19 20
    21 22 23 24 25 26 27
    28 29 30 31    
    « Jun   Aug »
    Search
    Loading

    Signing-in 3 seconds...

    Signing-up 3 seconds...