Costpoint Online Help

Using the Help Search
Using the Help Search
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Funded Value Times Percent Complete

Costpoint calculates the inception-to-date (ITD) revenue to recognize by multiplying the percent complete from the Manage Revenue Information screen by the total funded value on the Manage Modifications screen.

This value is the total ITD revenue to recognize. The program sums the revenue in the project ledger for the current fiscal year up to the subperiod being calculated. This value becomes the year-to-date (YTD) revenue recognized previously. The revenue from the prior year table for fiscal years earlier than the selected fiscal year is summarized.

Costpoint adds this value to the YTD revenue previously recognized to get the ITD revenue previously recognized. It then subtracts this amount from the ITD revenue to recognize to get the revenue not yet recognized. This amount can be positive or negative.

If the ITD revenue exceeds the total project ceiling, the amount over the ceiling is recorded as an over the ceiling amount in the project ledger to the owning organization in the subperiod being calculated. This reduces revenue to the ceiling amount.

Note: This formula applies only to revenue and not to standard bills.