Earned Revenue
- Former user (Deleted)
- Workbench (Unlicensed)
EARNED 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 |
Budgeted Profit Markup % on Cost | 20.00% |
| Budgeted Profit / Budgeted Cost |
Budgeted Profit Margin % on Sales | 16.67% |
| Budgeted Profit / Budgeted Revenue |
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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 |
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| AP Voucher Accruals for current Year/Period from PO Accruals table (If used. If AP Voucher Accrual used then PO Accruals is not used) |
Cost Accrual - General |
| 10 | Manually entered Cost Accrual if required |
Total Cost to Date |
| 1710 | Time Cost + Other Costs + PO / Voucher Accruals at Cost |
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Actual % Complete on Cost | 17% |
| Total Cost to Date / Budgeted Cost as percentage |
Adjusted % Complete on Cost | 20% |
| Manual entry if different to Actual % Complete on Cost. Defaults to Actual % Complete on Cost |
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Earned Revenue on Adjusted % Complete |
| 2400 | Adjusted % Complete on Cost * Budgeted Revenue |
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less Profit Retention | 10% | -69 | Percent of Budgeted Profit to be retained. Auto calculated from Charge Type Profit Retention % value. Always negative. Calculation is Profit Retention % *( Earned Revenue on % Complete - Total Cost to Date). Values are Read Only |
Assessed Revenue |
| 2331 | Earned Revenue on Actual % Complete + Profit Retention (-ve) |
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Threshold Revenue | 10% |
| Take no profit if Adjusted % Complete on Cost < Threshold Revenue % . Calculation is Total Cost to Date if Adjusted % Complete on Cost < Threshold Revenue % (from Charge Type Threshold Revenue % value ) else Null |
Declared Revenue |
| 2331 | If Threshold Revenue is not null then lesser of Assessed Revenue and Threshold Revenue, else Assessed Revenue |
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Revenue Adjustment - General |
| 100 | Manually entered Revenue adjustment |
Adjusted Revenue |
| 2431 | Declared Revenue + Revenue Adjustment |
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Actual Invoicing |
| 2500 | Invoicing up to and including current period before tax and before retentions |
WIP Revenue Accrual |
| -69 | Adjusted Revenue - Actual Invoicing |
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Profit Taken to Date |
| 621 | Adjusted Revenue - Total Cost to Date |
Loss Provision |
| 0 | If Budgeted Profit is negative then Budgeted Profit else Null. Can be manually adjusted |