| # Percentage of Completion Method None Revenue recognition for PCS projects is not implemented. If you select None, the PCS / COGS financial transactions for non-closed PCS projects are created during project calculation using the Calculate Cost Prices by Project (tipcs3250m000) session. The PCS / COGS financial transactions are based on the realized revenue compared to the expected revenue for sales orders, service orders, and warehouse transfers. Note If you want to maintain a situation where revenue recognition for PCS projects is not implemented, as it was in former Infor ERP LN releases, you must select None. Cost to date The actual costs spent until a specific date divided by the estimated total costs at completion. For example, the total estimated costs of the project are $1980,-. The actual costs until the moment that you want to recognize revenue are $200,-. The POC is 200/1980 = 10,1%. Hours progress The actual hours spent until a specific date divided by the estimated total hours at completion. For example, the total estimated hours of the project are 500. The actual hours until the moment that you want to recognize revenue are 100. The POC is 100/500 = 20%. Manually entered A percentage that expresses an estimate of the completed work. For example, you estimate that on a specific moment, 25% of the work on your project is finished. |