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Revenue Recognition for Progress Billing

  • 17 October 2022
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brianmcmillin100
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In the Acumatica produced YouTube video Set up Allocation Rules to Recognize Revenue - Acumatica Construction Edition from April of 2020 viewers are cautioned against using Auto Completion of the Cost Budget if there is more than one cost line per task:

 

Is this still a limitation?

If not, in which release was it resolved?

If so, is it dependent upon the selection of Completion Method (Budgeted Amount or Budgeted Quantity)?

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Best answer by Heidi Dempsey 31 October 2022, 16:57

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Heidi Dempsey
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@brianmcmillin100 Yes it is a limitation although i do have a sample allocation rule that can follow the cost code or inventory id of the Project Transaction.  I have attached a simple scenario to show you how it can work.  Feel free to reach out with any questions.

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brianmcmillin100
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@Heidi Dempsey Thank you.  I am hopeful your proposed scenario will meet our needs, but the hosting server for the attachment isn’t ready to let me view it 3 days later: 

Scanning file for viruses

Can you try to repost please?

Heidi Dempsey
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Userlevel 7
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Here is a PDF, hopefully that works.

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