| | Percentage of Completion MethodNone Revenue recognition for PCS projects is not
implemented. If you select None, the
PCS / COGS financial transactions for non-closed PCS projects are created
during project calculation using the Calculate Cost Prices by Project (tipcs3250m000) session. The PCS / COGS financial
transactions are based on the realized revenue compared to the expected revenue
for sales orders, service orders, and warehouse transfers. Note If you want to maintain a situation where revenue recognition
for PCS projects is not implemented, as it was in former LN releases, you must
select None. Cost to date The actual costs spent until a specific date divided by the
estimated total costs at completion. For example, the total estimated costs of
the project are $1980,-. The actual costs until the moment that you want to
recognize revenue are $200,-. The POC is 200/1980 = 10,1%. Hours progress The actual hours spent until a specific date divided by the
estimated total hours at completion. For example, the total estimated hours of
the project are 500. The actual hours until the moment that you want to
recognize revenue are 100. The POC is 100/500 = 20%. Manually entered A percentage that expresses an estimate of the completed work.
For example, you estimate that on a specific moment, 25% of the work on your
project is finished.
| |