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Run Revenue Recognition Process

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Run Revenue Recognition Process

Owned by Kyle Niekamp
Last updated: 06 20, 2022 by Claire Aleman

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:

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