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The Auto-Discount % and Auto-Discount columns are available if the Enable Automatic Discounts and Markups option is selected on the Administration > Settings > Sales form. Non-zero values in these columns indicate that one or more discounts are applied because their conditions are met in the document. If you change any line in the document, click the Auto button to recalculate the automatic discounts. For more information on discounts, refer to Overview of Trade Discounts.
| Note. You can view information on manual and automatic discounts applied to a specific line. For this, double-click in the Auto-Discount % or Auto-Discount column to open the Applied Discounts (Markups) for the Row dialog box. In this dialog box, you can view the amount of manual and automatic discounts applied to the line and which of the available auto-discounts were applied and which were not. |
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Accordingly, If the percent of recognition is specified, the Current-Phase Revenue column is populated automatically based on the percent of recognition as follows:
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The Already Recognized Costs columns shows the amount of costs that were recognized for the work item over the previous phases. The details on these costs are listed on the Costs Recognized for Previous Phases tab on thethe Work Costs pane which appears when you click Fill > Already Recognized Revenue and Costs on the tab toolbar.
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Click the link in the GL Accounts column to check that correct GL Accounts will be used for this transaction.
The GL Accounts dialog box
In the GL Accounts column, you can view the default accounts to be updated by this transaction. If needed, you can replace them with other accounts.
By default, in the Transaction Content column, you can provide a description that is used for journal entries.
The Services pane toolbar
To populate the Work Costs pane, click the Fill button and select one of the following options:
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Note. All materials and inventory items must be transferred to the department (that executes the project) with the corresponding Cost Object before you can recognize the corresponding revenue based on the costs incurred.
The Work Costs pane
The Work Costs pane includes the following two tabs:
- WIP: Shows the current costs associated with the selected work item or all items in the upper pane. The costs may be filtered as marked by Cost Object or not marked. To populate the table, click Fill and select one of its options or click the Pick Work Costs button on the pane toolbar.
- Costs Recognized for Previous Phases: to bring up this tab, click Fill > Already Recognized Revenue and Costs on the upper pane toolbar. The tab shows the results of the previous phases of recognition.
The WIP tab
The Department column shows the department related to the cost.
The Cost Object column shows the cost object for the cost incurred.
The Cost Element column column shows the object element to which the costs are being recognized are related. When creating the project cost estimates, you can choose from the following levels of details (analytics parameters): Departments, Business Activities, Cost Elements (such as labor cost Cost Elements can define labor cost as associated with a particular employee, material costs as cost of items, such as materials, stock items, or services, and Fixed Assets if you use depreciate special equipment or vehicles).
The Characteristic column indicates the characteristic of the item if cost element is Item and characteristics are used for this item.
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The Quantity column shows the quantity of the itemcost element.
The Unit Cost column shows the cost per UOM of the item cost element.
The Amount (Accounting CurrCur.) column shows the cost amount calculated in the accounting currency.
The Amount (CurrCur.) column shows the cost amount calculated in the currency of the document.
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By default, in the Transaction Content column, a description that is used for journal entries appears.
The Costs Recognized for Previous Phases tab
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 (create) form. The Revenues and Costs tab. The Costs Recognized for Previous Phases subtab
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The Expense item column shows the expense item to which the cost is related.
The Cost Element column shows the item, or employee, or fixed asset to which the cost is related.
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The Quantity column shows the quantity if the item to which of the cost is relatedelement.
The Unit Cost column shows the cost per unit associated with the cost objectelement.
The Amount (Acct. CurrCur.) column shows the task to which the cost is related.
The Amount (CurrCur.) column shows the task to which the cost is related in the currency of contract.
The Work Costs pane toolbar buttons
Use the Up and Down ( 
) buttons to rearrange the items in the list.
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