Revenue Method R

Revenue Method R calculates the job-to-date earned revenue as the total cash received, excluding value added tax (VAT) receipts.

Job-to-Date Revenue = Job-to-Date Receipts, excluding value added tax receipts

This is the only standard revenue method that is cash-based rather than accrual-based. It is appropriate for high-risk projects/tasks/phases that are speculative or whose revenue or payment for services is uncertain.

If a project's Revenue Method is R, Vision calculates the job-to-date earned revenue as the total of cash receipts posted to the project.