Milestone Method

Select this method to recognize revenue on the basis of completion of milestones. You can select this option only for projects controlled by activity. The amount linked to the reached milestone is considered for revenue recognition.

The Milestone amount and currency must be assigned to the milestone in the Milestones (tppss2101m000) session. The Milestone Amount and Currency fields are enabled only if the project/extension has the revenue recognition method set to Milestones in the Projects (tppdm6100m000) session and Extension (tpptc0110s000) session.

  • When to use this method
    This method is often used for development projects and projects that do not have hardware deliverables. For example, engineering and development projects.
  • Calculation of revenue recognized
    Revenue recognized = Amount of the reached milestone.
  • Levels at which it can be recognized
    • Project
    • Extension

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