Quantcast
Channel: SCN: Message List
Viewing all articles
Browse latest Browse all 8540

Re: Downpayment not reflected in CJI3 report

$
0
0

I do not think downpayment is a revenue or cost on the project and hence shoudl not appear in CJI3

Downpayment is not a revenue - it is an advance

E.g

I have  a sales order for 100 GBP

Downpayment of 10 GBP (advance - goes to another account, not revenue account)

First milestone payment - 40 GBP and I choose to clear downpayment - so customer will only pay 30 GBP, but revenue account against WBS will show 40 GBP (10 GBP is now converted from advance to revnue and 30 invoiced to customer = 40 GBP) - this is now visible in CJI3

This value flow for downpayment can also be seen in the cash managment flow report if cash management is active

regards

virendra


Viewing all articles
Browse latest Browse all 8540

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>