Deliverable Recognition Method

The "Deliverable" revenue recognition method relates to projects containing records that are recognized on delivery, for example Time and Materials projects or fixed price projects with deliverable milestones. Records from the objects listed in this topic, such as Expense and Milestone, are included in revenue forecast calculations.

A revenue forecast record is created for each monthly time period to store the values for each of the objects for use in Revenue Forecasting. For each revenue source, such as expenses, a revenue forecast type record is only created if there are qualifying records within the months spanning the project duration.

Records Included in Revenue Forecasting Calculations

Calculating with Closed Periods

This section explains how the revenue forecasts are calculated when relevant records are marked as "Deliverable" and there are closed time periods within or after the project duration.

Note:

If a time period is closed and you subsequently run a revenue forecast for a project that spans that time period, any scheduled revenue from the closed time period is excluded from the revenue forecast. Revenue Forecasting only considers actuals for the closed time period.

Example for Deliverable Recognition Method