Page Comparison

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1. On the Job Maintenance window, choose Revenue Code. 

   Note
   The Revenue Code button is disabled if you chose POC Revenue Recognition in Posting Options window.

   
   

2. Complete the following fields, as needed:
   • Job:
     Displays the job information.
   • Included on CO:
     Mark to include the Revenue Code on the change order.
   • Revenue Code:
     Enter the Revenue Code. This field has a string length of 26. You can also add a note to this revenue code.
   • Description:
     Enter a description for the Revenue Code.
   • Revenue Type:
     Choose the Revenue Type.
     • Point in Time:
       Revenue can only be recognized once (100% complete).
     • Over Time:
       Revenue can be recognized incrementally over a period of time.
   • Scheduled Start/Completion Date:
     Enter or choose the Scheduled Start and Completion Dates.
   • Actual Start/Completion Date:
     Enter the Actual Start and Completion dates.

   • Original Transaction Price:
     Enter the original transaction price. 

     Note
     For revenue to be recognized on a Performance Obligation Contract, the Original Transaction Price on the Job Revenue Codes window must be populated the same month.

     
     

     • Fixed Amount jobs:
       The Original Transaction Price is entered when the Revenue Code is created. Once saved, the amount cannot be edited unless you enter the password used to edit a job's contract amount. A Fixed Amount job can have multiple Revenue Codes assigned.
     • Cost Plus jobs:
       This field is not editable. The Original Transaction Price amount increases as costs and/or units are posted to the cost codes assigned to the Revenue Code based on the Profit Types and Profit Amounts on the cost codes. A Cost Plus job can only have one Revenue Code assigned. The cost codes on the job are auto-assigned to the one Revenue Code.
     • Cost Plus NTE jobs:
       This field is not editable. The Original Transaction Price amount increases as costs and/or units are posted to the cost codes assigned to the Revenue Code based on the Profit Types and Profit Amounts on the cost codes. The Expected Contract amounts do not exceed the NTE amount. A Cost Plus NTE job can only have one Revenue Code assigned. The cost codes on the job are auto-assigned to the one Revenue Code.
   • Change Order Transaction Price:
     This amount displays from the Change Order.

   • Expected Transaction Price:
     Displays the total of the Original Transaction Price + Change Order Transaction Price. 

     Note
     The Expected Transaction Price amount must total the Expected Contract amount for the job.

     
     

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