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Periodical Capitilization and Renevue Recognition - problem with account

  • August 3, 2021
  • 1 reply
  • 148 views

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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?

 

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1 reply

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  • Hero (Customer)
  • 735 replies
  • August 10, 2021

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….