View ProjeQtOr On SourceForge.net
ProjeQtOr - Project Management Tool
Support us on Capterra
OIN - Open Invention Network
ProjeQtOr free project management software - Revenue Recognition - ProjeQtOr
 
 

Revenue Recognition

More
17 Jan 2019 21:39 #1 by joao.sobral
Hello,

We have recently come across ProjeQtOr and were fascinated by its features.

We are studying the use of ProjeQtOr for supporting the Value Recognition of our projects for accounting purposes. In this procedure, each project leader needs to inform on a monthly basis the curernt situation of their Deliverables in total earned value (absolute or on a % basis).

For achieving this purpose we are considering to use ProjeQtor's "Deliverables" form and complement it with the "Customization of Screens" plugin.

Is there a proper way of achieving this result that is already built into ProjeQtOr?

Thank you in advance for your attention

Best Regards,

João Sobral

Please Log in or Create an account to join the conversation.

More
20 Jan 2019 14:17 #2 by babynus
Replied by babynus on topic Revenue Recognition
Hi,

Projeqtor does not directly manage Earned Value on basis of finished items.
It can produce earned value on basis of what is done (even not finished).
It is simply real work, that calculates progress.If you define cost of resources, then you get real cost.
But it's not directly real "Earned value".
Real work (or cost) helps calculate project progress : progress = real / (real + left)
Earned value is : progress * validated (work or cost). This can differ from real if left has been changed (as it is often the case).

Now, about deliverables, yes you can add some value for deliverables, and status will help you manage delivered deliverable.
But you won't have any report that will automatically sum the value for deliverable in status delivered.
You will have for instance to export list of deliveravles in csv format including value field, then open csv file with excel to easily get the sum.
It's not very complex for something that will be done only once a week, but not cimpletely automatic.

Babynus
Administrator of ProjeQtOr web site
The following user(s) said Thank You: joao.sobral

Please Log in or Create an account to join the conversation.

More
01 Feb 2019 15:13 #3 by joao.sobral
Replied by joao.sobral on topic Revenue Recognition
Thank you babynus for the answer, we are now successfully using ProjeQtOr for recognizing revenue as described.

The process has been running smoothly and as an improvement we would like to set up automatic notifications for updating Deliverables progress on the end of each month.

For this we've been trying the Notification Definition form. We have set up the Notification Rules and Frequency but strangely when selecting receivers only the Admin gets notified and is listed as a receiver on the Notification form even though the deliverables and projects are responsability of a Project Leader (as receivers, we are setting Deliverable Responsible and Project Manager).

Would you happen to know how to address this issue?

Thank you in advance

Please Log in or Create an account to join the conversation.

More
04 Feb 2019 09:32 #4 by babynus
Replied by babynus on topic Revenue Recognition
Hi,

Difficult to analyse with so littlle information
Please post screenshot of Notification definition.

Babynus
Administrator of ProjeQtOr web site

Please Log in or Create an account to join the conversation.

Moderators: babynusprotion
Time to create page: 0.031 seconds

Cookies settings

×

Functional Cookies

Ce site utilise des cookies pour assurer son bon fonctionnement et ne peuvent pas être désactivés de nos systèmes. Nous ne les utilisons pas à des fins publicitaires. Si ces cookies sont bloqués, certaines parties du site ne pourront pas fonctionner.

Session

Please login to see yours activities!

Other cookies

Ce site web utilise un certain nombre de cookies pour gérer, par exemple, les sessions utilisateurs.