Use this screen to view and edit revenue ceilings information. Revenue Ceilings are being used for the revenue calculations and Burden calculations.
The following information displays in the table.
|
Column Headings |
Description |
|
Fiscal Year |
This column displays the fiscal year of the revenue to be used in the setup |
|
Period |
This column displays the number of periods assigned to the budget. |
|
Sub Period |
This column displays the sub period to be used in the setup. |
|
End Date |
This column displays the end date of the period. |
|
Revenue Amount |
This column displays the revenue amount. |
|
Revenue Adjustment |
Use Adjustment column to enter adjustments to revenue amount. |
|
Description |
Enter the revenue description in this column. |
Revenue and Fee ceilings do not come across from Costpoint into B&P. However, the details of the revenue formula come across and B&P automatically stops the revenue at funding. Within the B&P setup, you can allow the revenue to accede the funding, change the fee% on the type of cost or basically change the whole setup of what is recognized as revenue (Labor, Non-labor, ODC, Material, Burdens, etc).
Default Revenue formulas are established in the Rev Info subtask in the Project Setup area of Costpoint, but can be overridden via the Cost Fee Ovrd subtask (below). Currently, B&P does not pull in Fee Overrides. It does not pull in the default fee calculations from the Rev Info subtask. you can make adjustments in the Revenue Setup screen within B&P.
Rate Ceilings limit the budgeted rates applied to project budgets. For example, my Fringe Rate is 30% but there is a ceiling in Costpoint for this project of 25%. B&P applies the 25% to that particular project budget.
Burden Cost Ceilings are accounted for only in the limitation of the funding. On the Project Status report, it will copy exactly what is in the Costpoint PSR, but in calculating cost reports it will show target for current year. Prior Year will show either Target or Actual depending on how they close the year. For Calculating Revenue, it uses Target rate until the revenue funding is hit and then it is calculated as over ceiling.
Hour Ceilings and Direct Cost Ceiling are used in Revenue Calculations and Reporting.
B&P typically leverages the target indirect rates stored in Costpoint. On a project-by-project basis in Costpoint, those rates can be overridden on the Burd Fee Overd screen. B&P captures such exceptions from this screen, pull in Rate Ceilings and limit G&A for budgeting purposes in B&P.
BPI6 (Costpoint Revenue Integration) is used to modify a Costpoint table and integrate revenue from B&P to Cospoint.