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Finance | Project Operations, Human Resources, ...
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Revenue recognition is including tax!

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Posted on by 521
I have a po related to project (fixed price project), invoice is created and posted against the PO with this voucher:



Then I tried to create a revenue recognition but it came out as:



"Project - WIP cost - Item" value shouldn't be 414,514 but instead 365,211
This is the first time this happens where the tax is included with the cost of the items (414,514 - 365,211 = 49,303 -tax amount in PO-)

Tax setup is the same (%15) and project parameters haven't changed.

Any suggestion why this is happening?
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