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Event Based Revenue Recognition

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Hello All,

I am not able to see the planned revenue and planned COS in the event based report 

Kindly Suggest on the same.

Accepted Solutions (1)

Accepted Solutions (1)

Product and Topic Expert
Product and Topic Expert
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Hi Mayur,

The Plan Data / EAC tab in the "Revenue Recognition (Event-Based) – Projects" app shows the plan values that are used by the last closing run. From the screenshot shared above, I can see that this is a Time and Expense billing element. For this contract type, plan values are not needed to calculate revenue recognition, therefore Planned Revenue and Planned COS remain zero in this report.

If you wish to further test this, please perform the period closing run and select a Fixed Price billing item in "Revenue Recognition (Event-Based) – Projects" to see the updated values in Plan Data / EAC. In Fixed Price scenarios we calculate the percentage of completion based on plan and actual costs and revenues.

Kind regards,


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