News and Announcements icon

Dynamics 365 CommunityForums Business Central forum Job WIP method - recog...

Business Central forum

Suggested answer

Job WIP method - recognise actual cost based on revenue billed %

(0) Share

Report

Report

Posted on by Samantha73

2,267

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

Categories:

All responses Img

All responses (4)

Answers Img

Answers (0)

Samantha73 2,267 on at

Like (0)

Report

RE: Job WIP method - recognise actual cost based on revenue billed %

The suggested method looks like not working - expected recognized cost = 50% of $4000 = 2000
Samantha73 2,267 on at

Like (1)

Report

RE: Job WIP method - recognise actual cost based on revenue billed %

Thanks I'll test the suggestion. For @MahGah - search "Job WIP Methods" to find the page
Suggested answer

MahGah 15,419 on at

Like (0)

Report

RE: Job WIP method - recognise actual cost based on revenue billed %

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
Suggested answer

Dallefeld 11,423 User Group Leader on at

Like (0)

Report

RE: Job WIP method - recognise actual cost based on revenue billed %

Try this...

Helpful resources

Quick Links

Leaderboard

#1

André Arnaud de Cal... 290,558 Super User 2024 Season 2

#2

Martin Dráb 228,645 Most Valuable Professional

#3

nmaenpaa 101,148

Leaderboard

Featured topics

Product updates

Dynamics 365 release plans