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The Projected Cost and Contract can be updated for revenue recognition purposes using the Projected Value Entry window.
Note: If the adjustments are not made in PENTA and a manual revenue recognition entry is used instead to override revenue, the WIP Report out of PENTA will not be 100% accurate. The WIP report should reflect the revenue, therefore, a manual revenue recognition will also require a manual WIP report.
Benefits:
- Ensure the revenue recognition calculation is complete and accurate
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- Financing and Accounting > Data Entry > Revenue Recognition > Projected Value Entry
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