Project Accounting - Unbilled Revenue and Receivables

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Posted on by DebN

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Is there any way to post to Unbilled Revenue and Unbilled Receivables up front when a project is started? This would be a T&M project type and we want the revenue to be recognized either when the project is billed or completed? How should the project be set up to handle this?

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Irfan.Rasheed 715 on at

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RE: Project Accounting - Unbilled Revenue and Receivables

For time and material, there are two types of accounting method used.

When Performed-

When Billed-

You need to select accounting method of project as 'When Performed'.