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Jul 26 at 06:32 AM

Planned cost for Revenue Recognition

72 Views Last edit Jul 27 at 12:55 AM 2 rev

Hi Team,

I'm trying to execute revenue recognition in ByDesign for project sales. The accrual method being used is Recognize cost using cost to cost project POC. I observed that when I take project planned cost based on labor cost rates the revenue recognition generates postings but when I use project planned cost based on service cost rates the revenue recognition does not generate any postings. Please let me know whether the RR can be done based on service cost rates or not because in our case we are using only service cost rates for project planned and actual cost calculation.

Regards,

Prateek