Project Accounting | Project Management
Revenue Recognition
Recognition calculated, evidenced and re-performable.
What it does
Inside Revenue Recognition.
The recognition entry can be re-performed by someone who was not there.
01
Percentage of completion by cost, effort or milestone
02
Fixed price, subscription and usage arrangements on one project
03
Loss provisions recognised when a contract turns negative
04
Full calculation history retained for review and audit
Where it sits
Part of Project Accounting.
Project Costing Every cost that touches the project, on the project. Work in Progress Unbilled value aged, owned and reviewed. Project Billing Invoices built from the contract and the work done. Cost Capitalisation Capital projects separated from expense, with the rule applied. Project Profitability Margin by project, client, service line and lead.
Run Revenue Recognition against your books.
A working session on your structure and a month of your documents.