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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:

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Penta Technologies continuously strives to improve customer content, therefore, information is subject to change at any time.