Costpoint calculates the Inception-to-Date (ITD) "revenue to recognize" by subtracting the backlog amount from the total contract value.

This value becomes ITD revenue to recognize.

You manually enter the backlog amount on the Manage Revenue Information screen. Costpoint calculates ITD revenue by summarizing the revenue in the project ledger for the fiscal year up to and including the subperiod being calculated. This value becomes YTD revenue recognized previously. Costpoint then summarizes revenue from the Prior Year table for fiscal years earlier than the selected fiscal year and adds this value to the YTD revenue previously recognized to arrive at ITD revenue previously recognized. Costpoint subtracts this amount from the ITD revenue to recognize to arrive at revenue not yet recognized. This amount may be positive or negative. If ITD revenue exceeds the total project ceiling, Costpoint posts the amount over the ceiling as an over-the-ceiling amount to the owning organization in the subperiod being calculated. This reduces revenue to the ceiling amount.