Account category examples

This table shows the examples of commonly-used account categories:

Type Use To
Cost

  • Labor

  • Materials

  • Overhead

  • G & A

 Capture all costs posted to Project Accounting and Billing and Revenue Management.
Accrual

  • Billed

    Note: The billed account category is used when billing exceeds revenue.

  • Unbilled

    Note: The unbilled account category is used when revenue exceeds billing. When billing is calculated, the billed amounts are reversed out.
Store and update accrual amounts as billing occurs and revenue is recognized.
Pass-thru

  • Pass-thru

    Note: The pass-thru account category is used in conjunction with pass-thru billing. The application uses this accrual account to store pass-thru amounts between billing and revenue cycles. Pass-thru is treated separately since it is not included in the contract ceilings.
Store amounts specific to pass-thru billing.
Revenue

  • Revenue at risk

  • Revenue

 Update revenue account categories when revenue is recognized.