Project Billing: Retained Revenue

ERP 9
1

Hi All,

E9.05.702A

I’m a non-finance person about to ask a finance question so hopefully the answer can be dumbed down for me. :smiley:

We are reviewing the GL Control Code for the Project Billing type and are stumped by the account context “Retained Revenue”.
What is “Retained Revenue”? We are familiar with Retained Earnings but not Retained Revenue.
Additionally, what would hit this account context with regards to project billing?

Thanks all!

JOE ROJAS
Epicor Applications Manager
VENTION MEDICAL + DESIGN & DEVELOPMENT
Advancing Your Innovations For Health

261 Cedar Hill Street | Marlborough, MA 01752
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2

Joe I haven’t actually found the transaction that debits or credits the
retained revenue GL account but my guess is that if you recognized revenue
with no cost (project retainer for some reason the project never went
forward) and closed the project it would treat it as retained revenue (i.e.
we get to keep this money even though the project was cancelled)

Mark Wagner
Sr. Partner

Capstone Alliance Partners 888.597.2227 Ext. 71
<888.597.2227%20Ext.%20714>2 | 904.412.6847 mwagner@capstoneap.com (cell)
| www.capstoneap.com