Revenue recognition & reporting concepts

Revenue recognition & reporting concepts

 

  • Revenue Recognition (Rev‑Rec): Manual process to realize earned revenue. Run on FP CLIs; rarely on T&M/NTE. Includes “undo” to reallocate after changes. Projector PSA

  • Use Actuals Through Date (reporting): A report parameter that influences how System Revenue is bucketed in time; aligning it with last rev‑rec can smooth buckets. Projector PSA

  • Recognized vs. Remaining vs. Scheduled Revenue: Rev‑rec pages show what’s recognized, remaining, and (if using revenue schedules) what’s scheduled per service period.Projector PSA+1