Change a Fixed-Amount Revenue Formula to an LLR Revenue Formula

All loaded labor formulas are calculated in the PROJ_SUM table using current period information.

Therefore, if you want to restate the revenue using a loaded-labor formula for all periods of the current fiscal year, you must recompute revenue for each period. You need to use an inception-to-date revenue adjustment if you need to modify revenue for a prior year. 

Loaded Labor formulas require Project Labor Category (PLC) codes to compute accurately. All loaded-labor formulas use PLCs and their related billing rates to compute revenue. To change to a loaded labor formula, PLCs must be in the Labor Summary table for all periods that you wish to modify. Changing to a loaded-labor formula in the middle of a project makes it impossible to impose hours ceilings unless you have the data to initialize the Manage Prior Year Time and Materials Revenue screen.