Overview:
Prior to running a revenue recognition process in PENTA to allow the system to calculate earned revenue as well as over/under billings, it is imperative all contract values are current to allow for an accurate revenue calculation.
Benefits:
- Earned revenue calculation is more accurate using current contract values
- Project reporting will not display current contract values
Roles:
- Operations/Project Admin
- Operations/Project Manager
Location:
- Project Management > Owner Contract Information > Schedule of Values
- Project Management > Owner Contract Information > Contract Information
Video: