Execute Revenue Calculation

Explanation

This activity is used to calculate the revenue recognition for all the projects with the Active project status and the POC Revenue First or POC Income First revenue recognition method for the selected ledger and period.

Prerequisites

• The procedure for periodical capitalization and revenue recognition must have the Capitalized status.
• Any previous revenue recognition procedures for the same ledger-selection must have the Posted/Closed status.
• At least one project in selected ledger setting must have the Active status, the revenue recognition method must have been set to POC Income First or POC Revenue First, and the estimates must have been entered on the Project/Project Totals tab.

System Effects

A revenue recognition procedure for an accounting period and ledger selection will be executed. The status will change from Capitalized to Revenue Calculated.

If there are no projects that require revenue recognition, status of the procedure will be changed to Posted/Closed and will be flagged as an Empty Revenue Recognition. If the procedure contains an Empty Capitalization, you will not be able to create an Empty Revenue Recognition on the same procedure.

A history log will be automatically created for the calculation for the projects included in the calculation with POC Method set to Project Progress. A log will not be created if a log with a date higher than the Valid Until date already exists for the period defined for the procedure.

Window

Periodical Capitalization and Revenue Recognition
Revenue Recognition Project

Related Window Descriptions

Periodical capitalization and Revenue Recognition
Revenue Recognition Project

Procedure

1. Open the Periodical Capitalization and Revenue Recognitions window.
2. Select the Procedure, right-click and then click Execute Revenue Calculation.