Updates to Project Management

Revenue Recognition

To ensure compliance with GAAP standards, you can now specify project milestones, including automatically recurring milestones, that capture performance obligation data based on certain criteria. You can also send notifications to users when projects, and project tasks, are completed. We added these forms:
  • • Use the Project Obligation Cost Codes form to create and manage cost codes used to track project performance obligations.
  • • Use the Project Milestone Events form to manage milestone alerts for project completion events, project task completion events, and performance obligation events.