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Revenue Recognition - at the contract line item > revenue recognition landing page 


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Revenue recognition is the process of realizing earned revenue. This is a manual process that ensures that accounting complies with Generally Accepted Accounting Practices (GAAP) and does not violate IRS laws. In Projector, this process is performed in bulk from the contract line item search page and individually from the revenue recognition landing pages for individual CLIs. Revenue recognition is most commonly run on Fixed Price contract line items. It is not advised and much less commonly run against Time and Materials or Not to Exceed contract line items. 

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Tip
titleAdditional Resources
  1. The How To Guide for Revenue Recognition in more Management Portal oriented, but does an excellent job of outlining when to run revenue recognition and for what types of contract line items.
  2. The March 2022 Release Overview Webinar provides an overview of the updates to revenue recognition on the web introduced on March 12, 2022. (go to 26:23)

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