Page Comparison

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• Costs Life to Date
  The Contract Costs Life to Date window displays the life-to-date cost amounts for the contract. See Tracking Maintenance Contract Profitability.
• Revenue Entered
  The Revenue Schedule window displays the revenue entered for the contract. When using the following revenue recognition method:
  
  • Revenue Schedule
    The contract amount is equally divided by the number of months in the contract period.  A revenue recognition scheduled row is created for each month of the contract, with the apportioned amount of the contract assigned to be recognized as revenue. If you are using the revenue schedule method of revenue recognition, you can edit the revenue schedule to either change an amount that is scheduled to be recognized and/or adjust an amount that has already been posted. See Editing the Revenue Schedule.
  • Percentage of Completion
    The revenue schedule is not created, as the revenue to recognize for the contract is calculated at the time the process is executed (at end of month). See Overview of revenue recognition methods.
  • Manual
    The revenue amount is updated when the generated service invoice is posted.   The schedule is not used. See Overview of revenue recognition methods.

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See also: