Revenue Recognition

Epicor ERP 10
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1

I am trying to understand the Project Revenue Recognition. I have entered a To Be Recognized amount at the Project Level, I’ve Recognized it and ran Capture Project Revenue Recognition Process.

When I look at the transactions in the project, I see it, but it is not Posted. What is the transaction that Posts?

2

Hello Stephanie,

If you run the Inventory/WIP Reconciliation Report for the day you posted, do you see the records there?

And welcome!

3

Thanks Mark!
No, I do not see it when I run Inventory/WIP Reconciliation Report. Is there a step I’m missing in between those processes?

4

It’s been a few years, but I think you run the Capture Revenue Recognition Process.

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5

Oh, I see you did that. That should be it. Do you see anything in the Review Journal?

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6

I just checked the Review Journal and don’t have anything there.

Do you know - Is there an Advanced Module required to utilize this process?

7

I think Customer Shipment and Milestone come with the base package, but the others required the Project Advanced Billing Module.

8

Check if Dr and Cr side has same GL Account, in that case no transaction is passed but Project will show revenue recognized.

KR

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