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Event Based Revenue Recognition -End to End Flow

  • October 24, 2024
  • 2 replies
  • 114 views
G
Do Gooder (Partner)
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Can anyone help clarifying below questions please-

  • How to define and link event  to the appropriate project lines or cost elements. How to Verify that the events have been properly set up in the system.
  • How to verify if the conditions for triggering the events are met. 

Would appreciate if anyone can  provide detailed steps on how to test revenue recognition with the following parameters? 

  • Project Origin: Project
  • Capitalization Posting Method: Transaction
  • Project Type: Capitalize Revenue/Expense
  • Revenue Recognition Method: Event-Based
  • POC Method: Manual

I've completed the setup in the Financial Project screen and have booked actual cost and revenue, but need guidance on how to test it effectively

I would greatly appreciate any assistance!

    2 replies

    B
    Sidekick (Partner)
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    • BRSA
    • Sidekick (Partner)
    • April 8, 2026

    Hi. Did you find answers to this question?

    Regards Brian

    T
    Superhero (Employee)
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    Hi, 

    Sorry, but no such link exists. You would naturally establish events and values based on the contract deliverables.  The project management side, sub projects and other - probably should represent the same, but that’s not a hard rule.  You can manage the project any way you want, meaning sub projects / activities can be structured to best serve the operation / project management side. 

    Sure, it would be wise to craft the events and sub projects data for better consistency.  

    The connection event to project planning is more suggestive than a hard link.   In other words, it's up to the users to do the right thing. 

    I’ve seen a few custom solutions using custom fields and other to craft a link / connection. 

     

    Best regards, 

    Thomas

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