Now Reading: Project postings with Billing Rule
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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
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