Use this subtask to enter revenue adjustments by fiscal year/period/subperiod for the project. The Compute Revenue process (Projects\Process\Revenue) summarizes all amounts in the Revenue Adjustment Amount field for the fiscal year being calculated. This amount is added to (positive amounts) or subtracted from (negative amounts) the calculated revenue. All data entered in this table window is retained by the system for historical informational purposes.
You can add information to this table window at any time, but you must recalculate revenue in order for the adjustment to be included in the revenue for the period. You should not attempt to change or delete a revenue adjustment for a closed period. If you need to change revenue for a previous period, use a negative revenue adjustment in the current period.
Enter, or use Lookup to select, a valid fiscal year to record your revenue adjustment amount.
Period *
Enter, or use Lookup to select, a valid period to record your revenue adjustment amount.
Enter, or use Lookup to select, a valid subperiod to record your revenue adjustment amount.
Enter the revenue adjustment amount for the selected subperiod. All amounts up to and including the subperiod for which revenue is being computed will be summed to arrive at the year-to-date revenue adjustment. A positive amount will increase the calculated revenue amount, and a negative amount will decrease the calculated revenue amount.
Use this field to enter an award fee adjustment. You can enter a positive amount to increase the award fee or a negative amount to decrease the award fee that has been recognized. The award fee adjustment amount is an inception-to-date adjustment. You must use this column to adjust any award fees that were recognized in a prior year, but you can also use it to make adjustments to the current year award fee amount. Amounts entered in this field are not subject to ceilings.
Award fee adjustments have been designed to work the same way as revenue adjustments entered in the Revenue Adjustment Amount field.
You can adjust award fees recognized in the current year by entering the final award fee amount in the Funded Award Fee column or by adjusting the amount in the Contract Award Fee column. These columns are found in the Award Fee subtask of the Enter Project Modifications screen (Projects\Transactions\Project). The total amount entered in the Contract Award Fee and/or Funded Award Fee columns are used as a ceiling for award fee calculations. You can use the Award Fee Adjustment Amount field in this screen if you do not want your award fee to be limited by these ceilings.
Enter up to a 254-character description of the revenue adjustment amount.
* A red asterisk denotes a required field.
Changes to this screen update the following tables:
PROJ_REV_SETUP
REV_ADJ_HIST