Invoicing and revenue
This list shows the selection order for processing transactions:
- Transactions that qualify based on the selected parameters are included, for example, the posting date range, transaction through date. The records are sorted by transaction date in ascending order.
- If a project contains milestones and GLTransactionDetail transactions, then milestones are processed first.
- For the Rate Table, if multiple transactions with the same date exist for a resource, then transactions are processed separately. The transactions are distributed to the funding sources according to priority and the percentages on the funding source. The sequence is by transaction date, alphabetically by posting project, then by the unique ID that is assigned when the GLTransactionDetail record was created.
This table shows where the transaction lines that are related to contract invoicing and revenue recognition are displayed.
| Tab | Description |
|---|---|
| Invoices or Invoice Lines | Contract fees, allowances, retainers, or retainages that are calculated on the generated invoice. Lines can be removed before they are journalized. Maximum amounts are accounted for when invoices are generated. |
| Partially Billed or Partially Recognized | Cost transactions that cannot be invoiced or recognized in their entirety. Partially billed or partially recognized transactions do not include fees. If a milestone or installment cannot be billed in full because of maximums, then that transaction is not included. |
| Invoice Lines or Revenue Recognition Detail | The invoice lines and recognized revenue are displayed. |
| Retainer Invoice Lines | Retainer invoice lines are displayed. |
| Summary Lines | If the invoice is summarized, then the summarized lines are displayed. |
| Reversal Lines | If the invoice has been reversed, then the reversal invoice lines are displayed. |
| Transactions | Journalized invoices and revenue transactions are displayed on Invoice Detail or Revenue Recognition. |
| Intercompany Transactions | If the invoice is an intercompany invoice, then the intercompany transaction lines are displayed. |
| Invoice Comments | If the invoice has comments, the comments are displayed. |
You can to invoiced GLTransactionDetail project
expenditures to the funding source invoice on the project contract. Use the drill when
multiple funding sources and partial billed amounts are calculated. You can also use the drill
around for reconciling invoiced amounts.