Interim results

For a given contract, revenue recognition (RR) is the process that leads to the calculation of the total revenue estimated to have been earned, on the basis of the progress of the contract. To set up revenue recognition, you must configure interim results. You can define the revenue recognition settings at a contract and/or CLIN level in the Contract Interim Results (tpctm0180m000) session. The settings defined are applicable for all the CLINs linked to the contract in case of no exceptions.

You can set the level at which revenue must be recognized in the Revenue Recognition by field. You can define the revenue recognition settings at the contract level, the CLIN level, or the project level.