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 Settings > Accounting > User Defined Revenue.

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 Settings > Accounting > Transactions, 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.