Deltek Vantagepoint Help

Using the Help Search
Using the Help Search
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Revenue Methods

Revenue methods are formulas used for calculating revenue when you run revenue generation. After you consider a project's contract type and other factors, you specify a revenue method in the Projects hub that accurately recognizes each project's revenue.

You specify a revenue method for each project with a charge type of Regular.

  • When you set up revenue generation to track one unbilled account, you can choose from the six standard revenue methods. If none of these are appropriate for a project's billing or contract terms, you can create your own user-defined revenue methods.
  • When you set up revenue generation to track multiple unbilled accounts with revenue categories, you must create a user-defined revenue method for each revenue category that you set up in Accounting Settings.

If your firm uses multiple companies, the user-defined revenue methods that you set up here are available to all companies in your enterprise.

User-defined Revenue Methods

After you create a user-defined revenue method, the next time you open a project's Accounting tab on the Projects form in the Projects hub, the new revenue method appears in either the Revenue Type drop-down list (if you track one unbilled account) or in the drop-down lists for the revenue category fields in the Revenue Method section (if you track multiple unbilled accounts).

You can delete any user-defined revenue method as long as it is not currently referenced in any Projects hub record.