Revenue Recognition The solution supports revenue recognition based on the production principle, and work in progress (WIP) is capitalized at sales price. You can also configure the solution to capitalize at cost price if appropriate. Related Topics:Revenue Recognition: Time & Materials Revenue is recognized as work progress. Revenue Recognition: Fixed Price For fixed-price projects, revenue is also recognized when time and costs are entered. Revenue Recognition: Subscription For some companies, it is common to sell services or licenses invoiced as a monthly or annual subscription. Parent Topic: PSO Business Model for Financial Transparency HomeMaconomy User Guides Concepts GuideSolution DescriptionsPSOPSO Business Model for Financial TransparencyRevenue Recognition
Revenue Recognition The solution supports revenue recognition based on the production principle, and work in progress (WIP) is capitalized at sales price. You can also configure the solution to capitalize at cost price if appropriate. Related Topics:Revenue Recognition: Time & Materials Revenue is recognized as work progress. Revenue Recognition: Fixed Price For fixed-price projects, revenue is also recognized when time and costs are entered. Revenue Recognition: Subscription For some companies, it is common to sell services or licenses invoiced as a monthly or annual subscription. Parent Topic: PSO Business Model for Financial Transparency HomeMaconomy User Guides Concepts GuideSolution DescriptionsPSOPSO Business Model for Financial TransparencyRevenue Recognition