Hi All,
How can setup Project Under Billing & Over billing Setup based Completed Percentage ( POC) in fixed price project.
An under billing, means that the percentage of completion method arrives at a higher amount of earned revenue than what has actually been billed to customer. This under billing is carried on a balance sheet as an asset.
An overbilling, means that the billing is higher than the amount of revenue recognized according to the percentage of completion method.Overbillings on their balance sheet as a liability
we didn't identify any ledger configuration to set up those accounts in Project Group Ledger settings other than WIP Sales Value.Do we have any option available in Dynamics to move under billing to Asset type a/c and over billing to Liability account.
Regards
Sunil G Kurup