Question

Periodical Capitilization and Renevue Recognition - problem with account

  • 4 August 2021
  • 1 reply
  • 131 views

Userlevel 3
Badge +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 comments

1 reply

Userlevel 7
Badge +16

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….