Life to date balances

Invoiced balances by funding source, posting project, and finance structure dimensions are displayed on the LTD Balances tab. The records on the tab are invoice amount, billable amount, billable hours, and revenue amount. These balances can be used to print life to date balances on invoices. Balances are added using balance adjustments.

Balance adjustments are used to update the life to date project contact balances. The balance adjustments are used for:

• New customers who go live mid-project and must update project contract billing and revenue balances. Balances include total balances on the Main tab, posting project balances, and life to date balances by any part of the finance structure.
• Customers who migrate from Lawson and make adjustments to the project contract billed and revenue balances.
• An ongoing basis for adjustments that were made to Receivables. For example, write-offs that were not posted or reflected in billing and revenue balances.
• True-up revenue recognition.