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Hi!
How does Acumatica support GAAP construction revenue recognition including:
1) Having revenue at the project level and costs at the task level so that a project-level profit margin can be utilized in allocation rule formulas
2) Auto-adjusting recognized revenue for a project based on a change to the project-level profit margin by adjusting the recognized revenue/costs in excess that has been allocated from expenses to match the current profit margin.
3) Automatically move dollars between Billings in Excess of Costs and Costs in Excess Billings. For example and vice versa, Billings in Excess of Costs should never have a debit balance. The dollar amount that made that account within a project go to a debit balance should be automatically moved to Costs in Excess Billings.
Thank you,
Dave Z
Hi @dave-ziskind,
I think you’ll have better luck with this post in the new official Acumatica Community Forums:
https://community.acumatica.com
For the foreseeable future, the Forums here will focus on the Reporting Tools in Acumatica (Dashboards, Generic Inquiries, Report Designer, ARM Financial Report Writer, Velixo, Excel, Power BI, etc.) and also discussions that are too “transparent” to be allowed in the new official Acumatica Community Forums. For more info about how AUGForums.com compares to the new official Acumatica Community, checkout this post:
https://www.augforums.com/augforums-com-vs-the-official-acumatica-community