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Is it possible in fixed price project

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Posted on by faiz7049

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Hi Experts,

We are using fixed price project using Completed Percentage and Sales value.

My contract has unit of delivery billing rule with 1000 unit and each price is 10. This project has 6 months duration. After 900 units invoiced , customer said that 100 units , he do not want.

What to do about 100 unit. We have completed cost on 75% in WBS. How to finished this project , but to post revenue recognition and elimination process. because elimination process is required all contract value must be invoiced as per I know, and if I post revenue recognition using Set Cost to zero. It will post all contract value to accrued account (we are using actual revenue in accrued account).

How to handle this problem. Please advice me.

Thanks,

Faiz

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