Select Year/Period or Transaction Date.

This field appears if you chose Transaction Date in the Cutoff By field.

The program uses the cutoff date to determine which costs and charges to include in calculating completion percentages for the project or category (depending on the accounting method used).

Enter a description for this revenue recognition run.

This option lets you close projects for which there have been no recent transactions.

You would use this option, for example, if you did not close a project when posting the final revenue recognition worksheet for a completed project.

Use these fields to specify whether to recognize revenue for contracts or projects that are on hold.

This option lets you recognize revenue for fixed price projects that use the project percentage complete accounting method, even if no cost transactions were posted for them during the period.

You can then specify a completion percentage right on the revenue recognition worksheet.

You can select:

• None, to include all contracts, projects, and categories in this revenue recognition run.

• Contract, Project, Category, then select specific ranges of contracts, projects, and categories.

• Account Set, to recognize revenue for all projects that use the account set that you specify in the adjacent field that appears.

• Project Type, to recognize revenue for all projects that use the project type that you specify in the adjacent field that appears.

• Accounting Method, to recognize revenue for all projects that use the accounting method that you specify in the adjacent field that appears.

This field lets you further limit the selection projects for which to recognize revenue. You can select Account Set, Project Type, or Accounting Method, then specify the particular account set, project type, or accounting method, or you can select None to include all the contracts, projects, and categories not restricted by the Select By field.

Specify the date to use for the revenue recognition journal entry.

Accept the New entry in the Worksheet Number field to let Project and Job Costing assign the next revenue recognition sequence number to the worksheet.

The fiscal year and period to which to post these revenue recognition transactions are determined by the posting date. The program uses the worksheet date as the default posting date.

To change the posting date, click the Zoom button beside the Year/Period field, then edit the Posting Date field in the Posting Date Override form that appears.

This field appear if you selected Fiscal Year/Period in the Cutoff By field.

Select a year and period or a transaction date.