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If also the Phased Revenue Recognition functionality is used in your system and Use Phased Revenue Recognition option is selected on the Additional Information tab (as well as in the customer contract), you can bill the customer for the works performed to fulfill all your contract liabilities including the works recognized earlier and the works currently unrecognized and specify the related costs to be recognized by this invoice as well as costs recognized earlier.
The "Invoice (create)" form. The Inventory and Services (Works and Work Costs) tab
The Inventory and Services tab includes the following two panes:
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- If the Prices Include VAT option is selected: Total = Amount.
- If the Prices Do Not Include VAT option is selected: Total = Amount + VAT_Amount.
The Total column shows the total amount that includes the revenue recognized in the Invoice and the revenues recognized earlier for the work in the Phased Revenue Recognition documents listed on the Contract Assets tab, and the corresponding VAT amounts.
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The tab shows the results of the previous phases of recognition (appears if you click Fill > Already Recognized Revenue and Costs on the upper pane toolbar).
The Phased Revenue Recognition "Invoice (create)" form. The Revenues Inventory and Costs Services tab. The Costs Recognized for Previous Phases subtab
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