Project Billing and Revenue Usability Improvements
On project billing rules, the Revenue tab was added and it links you to the Project Revenue Recognition
rules. It is now possible to display revenue elements and recognized revenue directly on project revenue
Change
rules. The project revenue rules are now displayed on linked project billing rules. The Summary box shows how much revenue has been recognized. Through improved visibility, it allows a better audit of billing and revenue rules, and provides transparency of linked project revenue rules when monitoring project billing. This improvement makes the whole revenue recognition process and revenue management more intuitive, as revenue recognition and project are now closer to each other. For more information, see the help topics Project Billing, Project Revenue Recognition.
Project Plan Improvements
On project records, the Financial tab now shows the Project Revenue Recognition Summary information, which is visible when the Project Revenue Recognition feature is enabled. The summary information shows total revenue, recognized revenue, planned revenue, and a link to Revenue Arrangement. This improvement helps you find the respective revenue arrangement for the project. It provides more transparency, and with Suiteness in mind, it is surfacing basic Project Revenue Recognition data, along with the link to revenue arrangement in the Financial tab in the new Revenue Recognition sub-section. The Project Plan Recalculation information is now displayed on the Project Plan subsection of the System
Information tab. It shows the project plan recalculation data, such as the last project plan recalculation
date and time, if the project plan is being recalculated, last project plan recalculation time, average project plan recalculation time, and project plan recalculation triggers. The System Information tab now shows the System Notes subtab. This subtab displays information about what has been changed within recalculation. For more information, see the help topics Project Tasks, Working with the Project Schedule.
Time and Expenses Enhancements
You can now turn off and on the notification for the Reject Time Entry box. You can control the status in the Accounting preferences on the Time & Expenses record. For more information, see the help topic Approving Time and Expenses for Projects.