Often, there is a delay between raising an application and getting approval from the customer. Finance wants to post an accrual when raising the application. The accrual will be reversed when the sales invoice is posted.
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Business Impact
Currently, it is a manual process to calculate and post accrual journals. |
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| Industry Vertical | Construction / Maintenance |
Hans,
The WIP process can generate revenue and then relieve revenue once a time and expense entry is invoiced. Are you looking for something similar on the fixed price side? Example, create revenue based on % complete and then relieve review when it's invoiced. Please clarify.
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