Revenue recognition in Dynamics 365 Project Operations
Knowing the revenue recognition process helps you be aware of how much a project costs. Different methods are available for creating an estimate and determining the cost of a project. Occasionally, when there are mistakes, you can return and recall estimates to fix the issues. All businesses need to know the process of revenue recognition to manage their costs and growth.
Learning objectives
In this module, you'll:
- Discover the different types of billing methods.
- Learn how to create and manage a revenue estimate.
- Learn how to post and reverse WIP or accruals.
Prerequisites
- Basic understanding of Dynamics 365 Project Operations
- Basic understanding of finance and operations apps
- Basic knowledge of project management