Issue/Symptom/Question

I entered manual recognition entries and re-ran revenue recognition selecting Calculate earned to date for Manual revenue recognition only and nothing changed for these work orders. I expected the Earned YTD and Earned To Date to update correctly.

Applies To

Penta for Windows

Finance & Accounting > Manual Cost/Revenue Recognition Entry - Work Orders

Finance & Accounting > Processing > Revenue Recognition

Resolution/Fix/Answer

Per the Penta Reference Manual >  Finance and Accounting > Window Descriptions > Manual Cost and Revenue Recognition Entry – Work Orders, "This Period Earned Amount" will update the current period earned. "Task to Date Earned Amount" will update the work order amount to date as of the period end date. 

This Period Earned Amount

Use the This Period Earned Amount field to record the amount of revenue earned for the current line item in the current reporting period. You must enter either a “This Period Earned Amount” or a “Task to Date Earned Amount.” No default.

Task to Date Earned Amount

Use the Task to Date Earned Amount field to record the amount of revenue earned for the current line item, work order to date, as of the period end date. You must enter either a “This Period Earned Amount” or a “Task to Date Earned Amount.” No default.