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Question

Revenue Recognition - Error

  • December 9, 2022
  • 4 replies
  • 212 views
nithyashankar
Jr Varsity II
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Hi Team,

 

Currently, I am testing Projects with Revenue Recognition for Progress Billing. Created a Project and activated. It includes Revenue Budget and Cost Budget. For the Revenue side, I have created an AR invoice which gets posted in “unrecrev” Account group (Liability). Now I have run the “Run allocation by projects” to allocate the income to the project.

I got the error - PM Warning: Transactions were not created during the allocation. When I click on the process button.

 

Kindly suggest on the missing steps.

 

 

---- Nithya
Laura03

4 replies

Laura03
Captain II
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  • Laura03
  • Captain II
  • December 9, 2022

Hello @nithyashankar71 ,

I see you have a warning about no transactions being created during Allocation.

Please post a screen shot of the Project Balances tab, at least one transaction that should be allocated (so we can see the date and the account group), the Allocation Rule (both tabs), and

 

And any details used in Run Allocations by Projects screen.

Thank you!

~ Laura Barber, WM Synergy
Chris Hackett
nithyashankar
Jr Varsity II
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  • nithyashankar
  • Author
  • Jr Varsity II
  • December 14, 2022

Hi Laura,

Please find the below screenshot - Allocation rules - Calculation rules

 

 

Allocation settings,

 

 

May I know the actual steps for performing the Progress billing with Deferred Revenue concept.

---- Nithya
K
T
Chris Hackett
Community Manager
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  • Chris Hackett
  • Acumatica Community Manager
  • March 15, 2023

Hi @nithyashankar71  were you able to find a solution? Thank you!

Chris ~ Let us know how we're doing: https://forms.office.com/r/xmJUdZ1QE5 - A member helped you, please *Like* their post. A member provided an answer to your question, please mark it as *Best Answer*.
K
Freshman I
  • kyleeberg32
  • Freshman I
  • March 23, 2023

Hey @nithyashankar71 I am having the exact same problem in our system. Please share if you were able to find a solution, all of my settings are identical to yours in the screenshots. Thanks!

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