User Defined Revenue Settings
Revenue methods are used to calculate revenue when you run revenue generation. Vantagepoint includes standard revenue methods. You can also set up user-defined revenue methods.
For certain projects, you may find that standard revenue methods are not appropriate. If so, you can create your own formula for calculating revenue in
.If you set up revenue generation to use revenue categories to track multiple unbilled accounts, you must create your own user-defined revenue methods for all revenue categories that you set up.
If you select the Enable Option to Update BTD for Journal Entries to Revenue option in , users system-wide can make journal entries which also increase the job-to-date billed amount used by revenue generation in calculating project revenue.
Your company might select this billed-to-date option if both of the following apply:
- You have projects using Revenue Method B, W, or any user-defined method that includes JTD Billings in its formula.
- You are adjusting the project's revenue by posting a journal entry that references that project and a revenue account, for example, when recording miscellaneous revenue.
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After you enable revenue generation, use the Revenue Methods form to add or edit user-defined revenue methods. You can also review the Revenue Method List to make sure that you have the revenue methods in place for your enterprise needs. - Fields and Options
Use the fields and options in User Defined Revenue Settings to review standard and existing user-defined revenue methods, and display the Revenue Methods dialog box to add new user-defined revenue methods. - Learn More About...
You may find it helpful to see examples of user-defined revenue methods, learn about standard revenue methods, and review the fields and operators available for creating revenue methods.