Hello.
We have a financial project set up as such, where the POC Method is manual.
Initially we set the manual POC % at 10%. Then ran revenue recognition.
Per the revenue recognition log below (and attached), the POC % is 10% and the accumulated revenue recognized is 5.392 .
I am having difficulty determining how the 5.392 was calculated. I would appreciate if someone could point me in the right direction.
Hi,
With regard to First screen print attached, this project is to capitalize Rev/Exp and capitalization posting method is transaction. And your revenue recognition method is POC Revenue first.
But when check the third screen Print revenue recognition method is POC income first and ideally you have run the periodical capitalization and hence capitalization posting method should be Periodical.
Hence Please check whether your are comparing same project in all this scenarios.
However Value 5.392 is recognized as revenue as below :
If Revenue Rec. Method is POC income First ,
Revenue Recognition = (POC*Estimate income)+ Actual cost
= (10% *(108-54.08))+ 0
=5.392
Regards
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.