Overview:
Use the Revenue Recognition window to initiate the PENTA process that calculates and accrues earned revenue on jobs.
Benefits:
- Allow the system to automatically calculate earned revenue, costs in excess of billings, and billings in excess of costs
- System automatically posts accounting entries to debit/credit sales, as well as adjust the over/under billings balances
Roles:
- Accounting Manager
- CFO
Location:
- Financial & Accounting > Processing > Revenue Recognition
Video: