Revenue Recognition

• Burdened cost plus earned fee (CPFF)
  
• % complete X contract amount (Fixed Price)
  
• Milestone achievement (Fixed Price)
  
• Billable amount (T&M)
  
• Tailored to match the revenue recognition policies of your organization
  

Different projects can calculate revenue using different methods depending on contract type and your accounting conventions. In addition to calculating the revenue to be recognized for each project, the job cost system can prepare journal entries for automatic posting into the general ledger.

Special processing can be done with respect to:

• Accrued fee vs. billed fee
  
• Recognizing revenue based on provisional overhead rates, actual overhead rates, or standard cost-type overhead rates
• Different methods for different contracts and different cost/profit centers
  
• Different methods for government vs. commercial work