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Advanced Project Planning
If the project is not enabled for Advanced Project Planning in the production settings, the system will use switches to the old standard Phased Revenue Recognition mode. In this mode, where the project structure is not available, and revenue is recognized only by expensescan be recognized using one of the following methods:
a) By Already Recognized Revenue and Cost – Revenue is determined based on amounts already recognized in previous periods, together with the corresponding costs.
b) By Invoice – Revenue is recognized according to the invoiced amounts issued for the project.
c) By Progress – Revenue is recognized in line with the progress achieved, as reported for the project.
Additional Information Tab
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