| | COGS and Revenues by Project and Order (tipcs3192m000)If you work on a PCS project in a multisite environment where sales offices, service
departments, and warehouses belong to different financial companies, you can
choose to post financial transactions for PCS related COGS and revenues on the
financial company of the sales office, service department, and/or warehouse
instead of on the PCS project's calculation office. Use this session to to view and modify the
distributed COGS and revenues for a PCS project, specified by order and
department (entity). In this session you can view the interim COGS and revenues as well as the COGS and revenues
for a closed PCS project. Project A collection of manufacturing and purchasing actions that are
performed especially for a particular customer order. A project is initiated by
a customer order for items having a To Order order policy. The purpose of a project is to plan and coordinate the production
of these items. For a standard-to-order production, the project is only
used to link the item with the customer order. Otherwise, a project can
include: - Customized item data (BOMs and routings)
- Project planning (activity planning)
A budget is a special type of project. A budget is used to
plan and estimate, not to carry out production. Calculation Type The moment that revenue recognition is carried out. Generation date The date and time that you calculated the interim COGS and
revenue. Entity Type The office, department, work center, or warehouse for which
interim COGS and revenues are calculated. Entity The code that indicates the office, department, work center, or
warehouse for which interim COGS and revenues are calculated. Currency A generally accepted medium of exchange such as coins, treasury
notes, and banknotes. The following currency types are available in LN: - Home currency, which is used internally by companies to
calculate costs, record budgets, and register tax amounts
- Transaction currency, which is used in transactions with
business partners, such as orders and invoices
Order The order that generates COGS and revenue for a specific
entity. Note If COGS and revenues are posted on the PCS calculation
office, no order number is displayed. Calculated Interims If this check box is selected, the interim COGS and
revenues are calculated by the Calculate Interim COGS and Revenues by Project (tipcs3290m000) session. The interim COGS and revenues are calculated on
the entity level. As a result, if more than one order is
present for a specific entity, the Calculated Interims check box is selected for only one
of the orders. For the other orders on the entity the check box is still
cleared. Estimated Revenue The total estimated revenue that is expected for the
order. Earned Revenue The estimated total revenue for the order at completion (the
value in the Estimated Revenue field) multiplied by the PCS
project's Percentage of Completion (POC). The POC is calculated based on the
value in the Percentage of Completion Calculation Method field in the Project Details (tipcs2130m000) details session. Actual Revenue The revenue of the order that is already posted by the Invoicing module in Invoicing at
the date of the interim revenue recognition. Invoiced Amount The order amount for which already an invoice is
sent. Amount Paid The order amount that is already paid. Amount Overdue The order amount for which payment is overdue. Interim Revenue The interim revenue for the entity that is or will be posted to the General Ledger module in Financials. The
interim revenue is calculated by running the Calculate Interim COGS and Revenues by Project (tipcs3290m000) session. The calculation is as follows: ![[...]](../images/tr_graph_calculate_interim_revenue_entity.jpg)
If necessary, the user can overrule the calculated amount by
typing an amount in the Confirmed Interim Revenue field. Confirmed Interim Revenue The interim revenue for the entity that is or will be posted to the General Ledger module in Financials. The
default value of this field equals the value in the Interim Revenue field but you can adjust the interim
revenue in this field before you confirm it. Earned COGS The estimated total costs at completion (the value in the TotalEstimated Costs field) multiplied by the Percentage of Completion
(POC). The value of the Percentage of Completion Calculation Method field in the Project Details (tipcs2130m000) details session determines which POC is
used. Actual COGS The cost of goods sold (COGS) that were already made for the
order at the date and time of revenue recognition. The actual COGS can
originate from: Interim COGS The interim COGS that is or will be posted to the General Ledger module in Financials. The
interim COGS is calculated by running the Calculate Interim COGS and Revenues by Project (tipcs3290m000) session. The calculation is as follows: ![[...]](../images/tr_graph_calculate_interim_cogs_entity.jpg)
If necessary, the user can overrule the calculated amount by
typing an amount in the Confirmed Interim COGS field. Confirmed Interim COGS The interim COGS for the entity that is or will be posted to the General Ledger module in Financials. The
default value of this field equals the value in the Interim COGS field but you can adjust the interim COGS in
this field before you confirm it. | |