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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Job WIP method - recog...
Small and medium business | Business Central, N...
Suggested Answer

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

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Posted on by Samantha73 3,245

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

I have the same question (0)
  • Suggested answer
    Dallefeld Profile Picture
    Dallefeld 211 User Group Leader on at
    RE: Job WIP method - recognise actual cost based on revenue billed %

    Try this...

    pastedimage1646925276980v1.png

  • Suggested answer
    MahGah Profile Picture
    MahGah 15,529 on at
    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

  • Samantha73 Profile Picture
    Samantha73 3,245 on at
    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

  • Samantha73 Profile Picture
    Samantha73 3,245 on at
    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

    wip-cost-act.png

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