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.

LTD balances vs project contract and project funding source totals

LTD balances are expense-based transaction invoiced and recognized balances. These balances are not automatically updated when historical milestones and installments are created or when they are processed. When migrating customers from legacy systems, legacy billed and revenue amounts should be added as adjustments. Life-to-date balances are updated without creating receivable invoices or global ledger journal entries.

Project Contract and Project Funding Source Totals are invoiced and revenue totals including all billing and revenue amounts and types. These totals are used to calculate maximum billed and recognized amounts. When migrating customer from legacy systems, these totals are updated by billed and revenue adjustments. The project contract and project funding source invoiced and revenue totals are automatically updated by historical status milestones.