General Information about Revenue Calculation

You will find a general description of Managing Lists in the System in the chapter MONITOR General Information in the MONITOR Basics.

What Does This Procedure Do?

This procedure is used for revenue calculation. Under the Create tab you select which projects you want to include in the Standard list. You can view one or several project(s) or project type(s) at a time and save each selection separately and then print a ledger for all projects. You can redo the calculation as long as the ledger is not reset. Only projects with status 3 that also have the Percentage-of-completion method selected as a revenue calculation method for the project type will be shown in the list.

The calculation is supposed to be made at the end of each month when other accounting entries that might affect the result of the project are completed. The current period is always suggested under the Create tab. The calculation is based on log records and invoices with a voucher date/invoice date within the current period.

You can choose whether or not you want to show the budget in the list. The calculations are based on the forecast so the budget is only used for comparison purposes.

At the top of the window you will see a Total recognized income which is a total of the recognized income for all the selected projects. You can check and uncheck all project by using the checkbox on the heading row.

Please see the section called Percentage-of-completion method in the Using MONITOR Procedures guide for more information.

The procedures Revenue Calculation and Print Revenue Calculation Ledger / Accounting Orders cannot be open at the same time.

What Update Options Exist for this Procedure?

In the Forecast section you will find a button with a pen symbol. If you use this button, you will see the cost and income types that exist for the current project. It is possible to update the forecast if the conditions change. This will affect the calculation of the stage of completion and the calculated recognized income. When the revenue calculation is saved, the forecast is updated in the Register Project procedure for the current project. However, this requires that the project is selected in the list and is thereby saved.

Any changes you have made in the forecast will be saved to the project when you save the revenue calculation for the current project. Only projects with a checkmark to the left in the list will be saved.

If you have activated the setting called Editable stage of completion in the Revenue Calculation you will see a button with a pen symbol for the stage of completion. You can then change the stage of completion for the calculation.

You cannot update anything in the Previous calculation list.

Can Any Charts Be Displayed?

There are no charts or graphs available in this procedure.

Window Functions

Read more about the Window functions under Window Functions in the MONITOR Basics guide.