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The Revenue Performance Obligation (RPO) revenue recognition method is used by companies that either enter into contracts with customers to transfer goods or services or enters into contract for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (for example: , leases and insurance contracts). Revenue codes are assigned at the job level. Under the new Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606). For more information, see http://www.fasb.org. In our Help files and Job Cost user guide, the acronym RPO refers to revenue codes on jobs. |
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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. |
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Setting up and Using Revenue Codes
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- Revenue Edit List - new report that is similar to the JC POC Edit List
- Revenue Entry List - new report that is similar to the JC POC Entry List
- JC Backlog
- JC Backlog by Division
- JC Backlog Sort By
- JC Fiscal Period Costs by Division
- JC Fiscal Period Costs by PM
- JC Fiscal Period Costs by Project
- JC Job Billing
- JC Job Billing Division
- JC Job Billing PM
- JC Job Billing Project
- JC Job Schedule by Division
- JC Job Schedule Sort By
- JC Over/Under Billings
- JC Over/Under Billings by Division
- JC Over/Under Billings Sort By
- JC Profit and Loss
- JC Profit and Loss by Division
- JC Profit and Loss by PM
- JC Profit and Loss by Project
- JC Profit and Loss Summary by PM
- JC Profit and Loss Summary by Project
- JC Profit and Loss Summary by Division
- JC Job Status
- Job Schedule
- JC P & L Sort By
JC Contracts Closed (Current Year - Contracts Closed)
Note
SSRS Reports
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See also: |