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Refill- Reloads all tasks, estimates, and expenses linked to the selected project.
Code- Task reference number.
Project Task- Description of the task or activity.
Estimate- Planned values from project estimates:
Price- Planned unit price.
Amount- Planned total amount.
Already Recognized- Values already recognized in past periods
Qty- Quantity already recognized.
Amount- Value recognized.
%- Percentage of task completed/recognized.
Current Recognition- Values recognized in the current perioddocument:
Qty- Quantity to be recognized now.
Amount- Value recognized for in this perioddocument.
Current %- Percentage recognized in the current perioddocument.
Cumulative %- Total percentage recognized up to now.
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- Expenses- Planned, actual, and overhead expenses:
Amount (Planned)- Estimated (Budgeted) cost of the task. Filled based on the Planned Expenses Source.
Amount (Actual)- Actual expenses recorded.
Amount (Overheads)- Overhead allocation, the Unallocated expenses are highlighted in yellow.
Invoiced Before- Values already invoiced to the customer.
Progress- Progress of the task.
Business Activity- Activity type (e.g., Main Activity).
Income Item- Revenue classification (e.g., Sales Revenue).
GL Accounts- Accounts used for posting recognized revenue.
Transaction Content- Used to add any Additional reference required.
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This tab contains the following fields:
Department- The department responsible for the recognition process.
Responsible- The employee or person accountable for preparing and managing the recognition.
Use Exchange Rates Defined on the First Revenue Recognition Date- An option to fix and apply the same exchange rates from the first recognition date for consistency across subsequent recognitions.
Allocate Overheads
This function is used to distribute expenses that have not yet been assigned. Allocation methods include:
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If the project is not enabled for Advanced Project Planning in the production settings, the system will use the old Phased Revenue Recognition mode, where project structure is not available and revenue is recognized only by expenses.
Additional Information Tab
This tab contains the following fields:
Department- The department responsible for the recognition process.
Responsible- The employee or person accountable for preparing and managing the recognition.
Use Exchange Rates Defined on the First Revenue Recognition Date- An option to fix and apply the same exchange rates from the first recognition date for consistency across subsequent recognitions.