The Revenue Recognition dashboard is a single place to view revenue across all active projects. You can access the dashboard only if you have enabled Revenue Recognition.
To view the Revenue Recognition dashboard, go to "Projects > Revenue" in the left navigation menu.
The following screenshot shows the Revenue Recognition dashboard.
The dashboard shows the following data.
Revenue widgets
The following are Revenue widgets on the Revenue Recognition dashboard.
# Deferred revenue and Recognized revenue
The total deferred revenue across all projects and the recognized revenue over a time duration. You can view recognized revenue for this month, this quarter, year to date, this year, all time, or a custom duration.
# Ready to recognize revenue
This widget shows the total revenue ready to be recognized based on project items that match, or are in, an Install status beyond the "Equipment Recognition Trigger Status" you set on the "Finance > Accounting" page.
For example, if you set "Staged" as the trigger status, Cloud counts all project items in the Install statuses Staged, Picked, Delivered to Site, and Installed, and the number of projects they are in.
Click "View all" to filter the project list to show only projects that have ready-to-recognize items.
Click "Create delivery invoices" to initiate the workflow to create delivery invoices for all projects containing ready-to-recognize items in one go.
Check out this article for more details.
# Underbilled projects and Underbilled total
The total number of projects where recognized revenue exceeds the total amount collected through payments, and the total value overbilled.
# Recognition status
This widget lists the different Project Recognition statuses and the number of items in projects with the relevant status.
You can click a status to filter the project list to show projects containing those items.
Project filters
You can use filters located below the widgets to filter projects by various criteria. Most of these filters are the same as those you see on the Project page. There are additional filters for recognition status and for filtering projects with items ready to be recognized.
Active Projects list
You can see a list of all active projects in a table. Some of the columns in the table are:
Project total: The total value of the project.
Total collected: The amount you have already collected via invoices in the "Paid" status for the project.
Deferred revenue: Revenue that is deferred for the project.
Recognized revenue: Revenue from recognized items in the project.
Ready to recognize: Total value of items in the project that are ready to be recognized via a delivery invoice.
Recognition status: The overall Recognition status of the project.
You can create a delivery invoice by clicking "Review & Invoice" in a project row. A side panel appears, where you can select items and choose how to create the delivery invoice.
Check out this article for more details.