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Activity 4.5 Follow Billing & Revenue for Fixed Price Contract
Login as Cindy Invoice (Billing Manager) – cinvoice / welcome
Activity Steps:
a. On a separate tab, Run the Billing & Revenue Summary Report with the following
criteria:
Report on All Projects I can see
Project Organization: CUST-3-UU3
Project: FP-PROJECT-BILLING-MGR
Journal Date Through: End of Posting Month
Column Options: Select – Show Billings and Show Revenue
b. After EACH STEP in the billing process, REFRESH the Billing & Revenue
Summary Report and UPDATE the table below with the results in each column
FIXED PRICE BILLINGS REVENUE
REVENUE = WHEN BILLED
Billing Type Unbilled Draft Billed Deferred Draft Recognized
STEP 1
STEP 2
STEP 3
STEP 4
STEP 5
STEP 1 Perform the Billing & Revenue Post
Navigate: Financials > Invoicing & Posting > Billing & Revenue Post
Enter the following criteria then Select List tab:
Legal Entity MYCO
Project Organization CUST-3-UU3
Project FP-PROJECT-BILLING-MGR
Include Actuals Through End of Posting Month
Post Date End of Posting Month
Fiscal Period FY21-08 Posting Period
REFRESH report and UPDATE results AFTER Perform the B&R Post
LESSON 4 REVENUE RECOGNITION
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