Costpoint Online Help

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Post Revenue

Use this screen to control the posting of revenue to the G/L for both the Compute Revenue and Redistribute Revenue processes.

You can post revenue separately after each process is complete, or you can post after completing both processes. Posting separately (once after Compute Revenue and once after Redistribute Revenue) provides you with a more detailed journal, but it is not necessary.

Revenue posting is a YTD "adjust-to" process. Costpoint sums account balances from the GL_POST_SUM table for the revenue account for all periods up to and including the subperiod being calculated. The revenue account contains an Account Function Code = Revenue, and is set up at the level of the project where the revenue formula is entered. Costpoint subtracts this amount from the sum of revenue amounts from the PROJ_SUM table for all subperiods up to and including the subperiod being posted and posts the difference to the revenue account in the GL_POST_SUM table for the current subperiod. Therefore, it is possible that revenue per GL Post Sum does not equal revenue per the PROJ_SUM table on a period-by-period basis. However, the two are equal to YTD. The exception to this rule is when the revenue formula is set equal to Project Ledger. In this instance, no revenue is posted through this journal.

You can post revenue at either actual or target rates. If you select a target revenue posting, you can post cost variances between actual and target rates.

You can also post revenue for the owning organization or performing organization, in accordance with your option selection on the Manage Revenue Information screen. If you post revenue for the performing organization, a process for redistributing cost to the owning organization may be required for financial statement purposes.

The input for this process is the PROJ_SUM table. Costpoint does not delete records from the PROJ_SUM table at the end of the posting process, as it does with other journal postings. The journal code for this posting is SJ.

Execute this process either after the Compute Revenue process or after the Redistribute Revenue process, and before printing Financial Statements.