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% |
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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% |
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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 |