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Hi!  We are having an issue this month when running the Periodical Capitalization and Revenue Recognition where some Completed/Closed Projects are pulling into the data as if they are open.  To be clear, the Completed Date on the projects are October 31st and we are trying to run the revenue recognition for that same month of October.  My understanding is that once a project is closed, it should no longer be eligible for revenue recognition, even if it was closed that same month.

Has anyone seen this before?  Is there a setting somewhere that could have been changed that would cause this?

I have run into that exact same problem.  I’ve had to rollback rev rec, reopen the project and then run rev again.  It doesn’t make any sense.  Would love an IFS expert to respond.

 

We have encountered the same thing.

 

What exact situation causes the issue we have not entirely figured out.

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