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Warning
titleRevenue Shifting

When you rerun revenue recognition it reallocates revenue across the specified dates. If information in your installation has changed since you last ran a rev rec, you may find that revenue shifts around. For example, if you use Contract Revenue as your revenue recognition method, and contract rates have changed since the last time you did it, you'll see a shift to reflect that. Or if time cards were added after your last revenue recognition run, on a rerun they will be included.

To minimize shifting you should rerun revenue recognition on the smallest period possible and ensure that the underlying dataset hasn't changed since your last run.

 


Percent Complete

If your project is set to use the Percent Complete method then you can follow these instructions to roll back recognized revenue. We recommend different processes for undoing all revenue recognition (essentially starting over) vs. undoing some revenue recognition. The trick to either method is that you must rerun revenue recognition on some time period prior to your target time cards. All time cards after that time period will have their recognized revenue set to null. Please note that 'null' is different from zero. A time card with zero dollars of recognized revenue is still locked in place. 

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  • Use Actuals Through - end date
  • From - start date
  • Recognizing Addtional Revenue of - The adjustment amount
 


Undo all Revenue Recognition

Undoing all revenue recognition is simple. First, note the start date of your project. In the first date field box, enter a date that is before this. Any date is fine. Then choose the From the beginning of radio button. Finally, override the percent complete to 0. 

 


Revenue Schedule

If your project is set to use the Revenue Schedule method then you can follow these instructions to rollback recognized revenue.

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Support Only

If you need to absolutely minimize revenue shifting, then you can follow this procedure. However, even this isn't a guarantee.

  1. Run a report to show per day revenue recognition on the project
  2. Find the first day prior to your fix date that has time cards on it
  3. Rerun revenue recognition for just that day for the exact same amount as on the report
  4. If you need to then fix time cards after the target date, you'll need to do it day-by-day or week-by-week, etc, using the report as a basis

Our granularity is limited to a single day though, so if there is more/less time or rates have shifted on that one day, then you can still have shifting on singular days.

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