Topics started by HuguesG | IFS Community

Topics started by HuguesG

1 Topic

H
Do Gooder (Partner)
HuguesGDo Gooder (Partner)
asked in Projects Based (Contract/Resource Management, Project Management, Engineering Design & Deliverables)

Project - Revenue recognition Cap exp/rev, using income first

I believe this is a rather simple question.We create a project with a project type Capitalze Rev/Exp. Revenue recognition method = POC Income first. We enter a cost for 45k so we have an actual cost in the project.We ran the capitalization and revenue recognition for the project. THe problem is that ther revenu is the same as the cost. I was expecting to enter a margin somewhere. The help say “POC income first”. I don’t see where do i enter my POC and even if I say that POC is 50%, what will the system will calculate in term of profit?Thanks

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H
Do Gooder (Partner)
7 months ago

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