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Forecast Revenue Accrual

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FORECAST REVENUE ACCRUAL

Screen Label

 

Sample Values 

Mouseover text

Budgeted Revenue

 

12000 

Revenue Budget from Budget Lines (local Currency)

Budgeted Cost

 

10000

 

Cost Budget from Budget Lines

Budgeted Profit

 

2000

 

Budgeted Revenue - Budgeted Cost

Forecast Final Cost

 

11500

 

 

Forecast Profit

 

500 

Budgeted Revenue - Forecast Final Cost

Forecast Profit Markup % on Cost

4.35% 

 

Forecast Profit / Forecast Final Cost as percentage

Forecast Profit Margin % on Sales

4.17%

 

 

Forecast Profit / Budgeted Revenue as percentage

 

 

 

 

 

Time Costs

 

500 

Cost of all Time Activity transactions to current Year/Period

Other Costs

 

1000 

Cost of all Non Time Activity transactions current Year/Period

PO Accrual at Cost

 

200

 

PO Accruals for current Year/Period from PO Accruals table (If used. If PO Accrual used then AP Voucher Accruals is not used)

AP Voucher Accrual at Cost

 

 

 

AP Voucher Accruals for current Year/Period from PO Accruals table (If used. If AP Voucher Accrual used then PO Accruals is not used)

Total Cost to Date

 

1700

 

Time Cost + Other Costs + PO or AP Voucher Accruals at Cost

Costs to Complete

 

9800 

Forecast Final Cost - Total Cost to Date

Forecast Final Cost

 

11500 

Forecast Final Cost from Period Forecast

 

 

 

 

 

Actual % Complete on Forecast Final Cost

15%

 

 

Total Cost to Date / Forecast Final Cost as pecentage 

 

 

 

 

Earned Revenue on Actual % Complete

 

1774 

Actual % Complete on Forecast Final Cost * Budgeted Revenue to max of Budget Rev

 

 

 

 

 

Earned Profit

 

74

 

Earned Revenue on Actual % Complete - Total Cost to Date

 

 

 

 

 

Profit Threshold

10%

0 

Take no profit if Actual % Complete on ForecastFinalCost < Profit Threshold % . Calculation is Total Cost to Date if Adjusted % Complete on Cost < Profit Threshold % (from Charge Type Threshold Revenue % value ) else Null 

 

 

 

 

Profit Retention

10%

-7

 

Percent of Budgeted Profit to be retained. Auto calculated from Charge Type Profit Retention % value. Always negative. Calculation is Profit Retention % * (Earned Profit + Profit Threshold). Values are Read Only

Profit to Take

 

67

 

Earned Profit + Profit Threshold + Profit Retention 

 

 

 

 

Declared Revenue

 

1767 

Cost to Date + Profit to Take

 

 

 

 

 

Revenue Adjustment - General

 

100

 

Manually entered Revenue adjustment

 

 

 

 

 

Adjusted Revenue

 

1867 

Declared Revenue + Revenue Adjustment 

 

 

 

 

Actual Invoicing

 

2500

 

Invoicing up to and including current period before tax and before retentions

 

 

 

 

 

WIP Revenue Accrual

 

-633 

Adjusted Revenue - Actual Invoicing 

 

 

 

 

Profit Taken to Date

 

67

 

Adjusted Revenue - Total Cost to Date

 

 

 

 

 

Loss Provision

 

0

 

If Budgeted Profit is negative then Budgeted Profit else Null. Can be manually adjusted