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Hi All
I have a requirement to recognise revenues and costs as below.
Revenue
All of the actual billed is recognised immediately - contract (Invoiced) method
Cost
Cost's are proportionally recognised based on below formula
Actual Cost X Actual Revenue/Budgeted Revenue
For example if the project is 50% completed from revenue perspective and the actual cost is $10000 then $50000 recognised as cost to P&L
Is there a method such as this? Tested Cost fo Sales method but it allocated the budgeted cost to P&L
The suggested method looks like not working - expected recognized cost = 50% of $4000 = 2000
Thanks I'll test the suggestion. For @MahGah - search "Job WIP Methods" to find the page
Hi Kim
Where is this page? I am sure Samantha knows where this page is but I mean I am not familiar with Job module and this can help me to learn. Thanks
Try this...
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