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Hello

To test Manual POC, 5% was inputted and revenue recognition was rerun. It now shows 5% in the POC Current Period column of the Revenue Recognition Project Log. I am unsure though which amounts underly this 5% (ie. which amounts in the revenue recognition project log is involved to calculate this 5%?).

 

Additionally, I see 14,988.747 of Calculated  Revenue Recognized Accumulated but I cannot figure out how that was calculated.

 

I would appreciate it if someone could advise. I am trying to understand how the 5% and 14,988.747 are being calculated and which amounts are being used for such numbers.

 

I have attached an Excel output file for this. Any help would be much appreciated.

 

 

 

 

 

Hello, 
If your Revenue Recognitoin Method is POC, Income first, then formula to calculated Recognized Revenue is:
Actual Cost + POC * (Estimated Revenue - Estimated Costs)

In Excel attached using columns id:

L+P*(G-H)

Hello, 
If your Revenue Recognitoin Method is POC, Income first, then formula to calculated Recognized Revenue is:
Actual Cost + POC * (Estimated Revenue - Estimated Costs)

In Excel attached using columns id:

L+P*(G-H)

Thank you Adam, much appreciated!

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