Hi Experts,
My client wishes to obtain both WIP amount as well as Unbilled revenue for a project, using results analysis. I've informed him that it is not possible to do so, since WIP is obtained using a revenue-based POC method where the calculated revenue is held equal to the actual revenue, and the opposite applies to arriving at the unbilled revenue, where calculated cost is held equal to actual cost in cost-based POC method. As far as I understand, once we save the results using any one method, we cannot use the other method. Is there any other solution / workaround possible that I may be missing? I don't think the quantity-based POC method is suitable here since the client is basing his calculations on actual costs and revenues. As of now he is calculating only unbilled revenue correctly. He is showing WIP as just 'Actual costs - Closing stock' to the banks which he himself admits is incorrect.
Requesting your opinion at the earliest, thank you.
-Pratap