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Client uses Completed Contract method of accounting for projects of fairly short duration, around a few months. They want to accumulate costs to WIP and at project completion, clear WIP and hit COS while simultaneously recording revenue all in one shot for whatever projects have been completed in that month. I think this can be done in Allocator, but the problem I have is how to run the selected projects in Allocation processor. You can select by method, by project, by sub, etc, but how would you select projects that have been completed that month? They could run it for each individual project, but that would take time. Is there a way to flag projects as completed and select them to run in a batch mode? There is something in the Allocation Processor documentation called "Batch Selection Mode" but it says "This mode is not normally used in a production environment". Any ideas would be appreciated.
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Hi Margaret,
I only saw your query now. Did you resolve this issue? We are doing similar allocations where we transact between projects or at subacct level.
We use allocator with or without Revenue recognition depending on requirements.
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