Eliminate function of fixed price project

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Posted on by nsarswat

Hello,

I have created the fixed price project with complete percentage as Revenue recognition accounting rule, estimate work fine for the project and it is posted on WIP account.

But how i can eliminate it perodicaly without finishing the project to 100%.

can someone thorugh light on it.

Thanks,

nsarswat

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Answers (1)

Ludwig Reinhard Microsoft Employee on at

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RE: Eliminate function of fixed price project

Ok.

Can you share a screenprint of your estimate and details how you create it.

Also let us know the forecast that you need for comparing against the actual costs.

Finally, we would need some information on your exact system version.

Many thanks,

Ludwig
nsarswat 20 on at

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RE: Eliminate function of fixed price project

yes all milestone are invoiced , still it is not active
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Ludwig Reinhard Microsoft Employee on at

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RE: Eliminate function of fixed price project

Hello nsarswat,

Have you invoiced all milestones?

Best regards,

Ludwig
nsarswat 20 on at

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RE: Eliminate function of fixed price project

But my eliminte button is not active, even i have posted 100 percent of the project, checked the project stage rules and project is in progress, can you point me to some setup where to check this up

Thanks,

nsarswat
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Ludwig Reinhard Microsoft Employee on at

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RE: Eliminate function of fixed price project

Hello nsarswat,

You eliminate the project only once at the very end of the project.

What you regularly do is creating and posting a monthly estimates that clear the WIP account and posts costs and accrued revenue.

Best regards,

Ludwig