Equal to Project Ledger Sales

The program summarizes revenue in the general ledger for the fiscal year up to and including the period being calculated.

This value becomes YTD revenue previously recognized. It then summarizes revenue in the project ledger (PROJ_SUM table) for the fiscal year up to and including the subperiod being calculated. This value becomes the YTD total revenue to recognize. It subtracts the revenue previously recognized from the revenue to recognize to arrive at YTD revenue not yet recognized.

No calculations are performed with regard to ceilings. This is the only formula where journal entries to the revenue account in the general ledger are recognized. All other formulas use the revenue in the PROJ_SUM table and adjust the general ledger to that amount.

When you use the Equal to Project Ledger Sales formula, the Compute Revenue process looks at GL_POST_SUM table for the revenue account.  When you use this formula, you either enter an AJE (Adjusting Journal Entry) to credit the revenue account and debit the unbilled account, or you post a sales order that credits the revenue account automatically. When you execute the Compute Revenue process, it sets the revenue amount equal to the costs of the project on the labor and non-labor lines (actual direct cost plus burden) and then plugs the difference into the ACCT_FUNC_NO = 1 line.