Revenue for Fixed Fee Project for resources from two different cost centres

[former_member605142]

Hi there.

Using the Rev Key - Fixed Fee with POC , we have two resources from different cost centres working on a project. When time is charged it recalculates revenue based on a system "back end" calculation , if I want to adjust for the revenue of each resource how would I do that? 

When using the event based revenue recognition app, it allows a temporary adjustment but this will go to the project profit centre for that work package.

[former_member306668 · Accepted solution]

Hi Tamlyn;

Would you like to change the amount or the profit center where the revenue get's recognised?

You could do manual accruals via the event based revenue recognition app, but again they are posted to the project profit center (or better said the profit center for the underlying billing WBS element).

You could therefore have a different work package and different billing item for each of the resources. You can then overwrite the profit center in the billing item.

Also you might want to explore the use of the revenue recognition SPFCTR, which also created a journal for target revenue for each of the employee. Target revenue is calculated as hours * charge out rate.

Regards

Thomas

[former_member605142]

Thanks Thomas, regarding the different work package and different billing item for each resource. When raising a bill and the client has requested one invoice, can you select more than line item from two different work packages? Where would the billed revenue appear in the two different profit centres or the project one?