Skip to main content
Question

Periodical Capitilization and Renevue Recognition - problem with account

  • Aug 3, 2021 10:41 PM UTC
  • 1 reply
  • 168 views
Sidekick (Partner)
Forum|alt.badge.img+8

 

Hi, we are using IFS 8 and we have implemented projects.

We use the POC method.

We launch revenue recognition every month. If there are no entries in the book in a given month, we cannot start revenue recognition and then the financial balance is negative.

The result is decreased by the account balance - renevue from unfinished projects.

When should this account be reset?

 

    This topic has been closed for replies.

    1 reply

    Hero (Customer)
    Forum|alt.badge.img+16
    • Adam Bereda
    • Hero (Customer)
    • Aug 10, 2021 5:26 PM UTC

    Cześć, Dominika,

    What does it mean “If there are no entries in the book in a given month, we cannot start revenue recognition”? Recognition is possible if there is an active project suitable…. 

    Regards, Adam
    Terms & ConditionsAccessibility statement