COST AND REVENUE PROCESSING OVERVIEW

Use Costpoint Cost and Revenue Processing to set up your cost pools, allocation groups, and pool processing sequence. You can compute rates and cost allocations for both pools and service centers, compute burden cost, load labor rates, compute revenue, compute billing value of cost incurred, compute multi-job allocations, apply discount amounts, and post revenue and the inter-company journal.

Costpoint Cost and Revenue Processing handles more indirect cost allocation methodologies than any other software solution and provides sophisticated revenue calculations for numerous project types, including time and materials, fixed price, multipliers, and cost reimbursable.

Costpoint 6 now has four new tables to improve the processing performance of the Compute Revenue (Projects » Cost and Revenue Processing » Revenue Processing) and Calculate Billings (Projects » Billing » Calculate Billings) applications. You must run the Synchronize Project Performance Tables utility (Projects » Cost and Revenue Processing » Utilities) when you upgrade from Costpoint 5.x to version 6 to add existing project data to the four new tables. If you already run version 6, you must run this utility when you receive the service pack that adds the new performance tables. You must also run this utility if you upload data using scripts. You may also want to run this utility at month end, before calculating revenue or standard bills, to ensure that the performance tables are in synch. Please see the documentation for the Synchronize Project Performance Tables utility for more information.

The new tables are: Project Hierarchy (PROJ_HIERARCHY), Source Project Mapping (PROJ_SRCE_PROJ), Invoice Level Mapping (PROJ_INVC_PROJ), and Revenue Level Mapping (PROJ_REV_PROJ).