Example: Using Revenue Groups

You can use revenue groups and subprojects when you run Revenue Generation.

The following is an example of the calculation for a revenue group when you run Revenue Generation.

Revenue Group XYZ.00 has two subprojects, XYZ.01 and XYZ.02, to which labor and expenses are posted.

When you run Revenue Generation for XYZ.01 and XYZ.02, the following things happen:

1. Job-to-date revenue for subproject XYZ.01 is calculated as $5,000 and for subproject XYZ.02, it is $7,000 — for a total of $12,000.
2. Because the projects belong to a revenue group, Vision calculates job-to-date revenue at the overall group (contract) level, which results in an overall revenue calculation of $10,000.
3. Vision posts an adjustment of -$2,000 to the adjustment phase, which results in total job-to-date revenue of $10,000.