Set Up an Overall Revenue Calculation for a Project

You can set up an overall revenue calculation at the project level (work breakdown structure 1 level) only.

Prerequisites: You must first select the Enable additional revenue calculations at Project and group levels check box on the Revenue tab of Settings > Accounting > Company).

To set up an overall revenue calculation for a project:

1. On the Navigation menu, click Hubs > Projects.
2. On the Projects form (desktop), select a project.
3. On the Budget & Revenue tab, select the Overall Revenue check box and select Calculation in the field beside it.
4. In the To Adjust section, enter a phase or phase and task to use as the adjustment phase or task. When you run revenue generation for a project that has the Overall Revenue/Calculation setting, DPS compares the sum of the revenue that is calculated at a project's lowest work breakdown structure level with the overall revenue calculated at the project level. It posts the difference to an adjustment phase or task.
   Deltek recommends that the adjustment phase or task have a:

   • Status of dormant: You enter the status for a phase or task in the Status field on the General tab of the Projects hub (desktop).
   • Revenue method of N (No Revenue Recognition): You enter the revenue method for a phase or task in the Revenue Method field.
5. In the Revenue Method field, select the revenue method to use to calculate the overall revenue for a project at the project level when you run revenue generation. If you use revenue categories to track multiple unbilled services and uninvoiced revenue accounts, the Revenue Categories section displays instead of the Revenue Method field. In the Revenue Categories section, enter the revenue method for each revenue category.
6. Click Save.