Costpoint Online Help

Using the Help Search
Using the Help Search
  • Phrase:Returns all topics that contain the exact phrase in the search criteria. Use quotation marks around the phrase.
    Ex."system administration"
  • And:Returns all topics that contain all the words in the search criteria, in any combination. Insert a plus sign between all words in the search criteria.
    Ex.system + administration
  • Or:Returns all topics with any combination of words in the search criteria. This is the default.
    Ex.system administration
For more information:Searching Online Help

Percent of ITD Revenue

If you use this method, the total WIP costs are used as the inception-to-date COGS if the revenue is greater than zero. If the revenue on the project is zero, no COGS journal entry is created.

Costspoint sums the TOT_REV_TGT/ACT_AMT (depending on whether target or actual is selected in the screen) in the PROJ_SUM table and the TOT_REV_AMT from PSR_PY_SUM and multiplies these amounts by the Percent of Revenue entered on the Manage Cost of Goods Sold screen.  This amount becomes the total WIP costs, and it is used as the COGS entry.  

The balance of the general ledger account designated with the WIP TRANS OUT Function Code for that project's account group is summarized for the fiscal year and period of calculation. Costpoint subtracts this amount, which is the COGS already posted for the year, from the total WIP costs calculated previously to arrive at the amount to post. The owning organization of the project is used for calculation and posting purposes.