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May 20, 2011 at 02:07 PM

Prepaid RA with Quantity Based Method

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I have a scenario in result analysis as follows:

1. The customer pays the full amount at the start of the project (prepaid).

2. Before we incur costs this billed amount has to be deferred.

3. Once we start booking T&M to the project we would recognize the revenue based on a POC method.

4. We want the POC method to be quantity based. e.g. Planned hours divided by actual hours

How do we configure this scenario?