WIP, RA with Method 07-POC Method on Basis of Project Progress value
Hello, we are currently using RA under a Basis of work completed method, and this works well in our system. We are using the standard SAP functionality, and within our system this means revenue is recognised based on Earned Revenue = actual cost/planned cost x planned revenue. The system automatically processes accruals/deferrals on our projects taking into account the invoiced values also, as part of the RA & settlement process.
I need to find some information describing this process specific to this selection of method 07, and can't seem to find anything. I have tried saying it is Standard functionality but need to be able to explain alittle more about how this works.
Can anyone help with this, have they also produced something similar.
Points always awarded