Understanding the Results of Updating the Percent Complete

When you run the Profit Recognition Build program (R51800), processing options specify either to calculate the percent complete based on projected final values or to use the value from the F% ledger:

• If you select the processing option to calculate the percent complete, the system uses the formula AA / HA.

• If you select the processing option to use the value from the F% ledger, you must first enter it.

You use the Update Percent Complete program (P511112) to enter the percent complete for the job. You can display all the jobs for a company or only the open jobs. Besides the search criteria that you can use to locate the job records, the only field available to update is Percent Complete. When you enter the percent complete, the system updates the value to the F% ledger for the job account in the specified period. The job account is composed of the business unit (job number) only; the object (cost code) and subsidiary (cost type) fields are blank. The system uses the percent complete that you enter to calculate projected final values and profit values.

The P511112 program has no processing options.

Note: If you have already generated the profit recognition records, you can enter the percent complete for the job using the Group Job Adjustments (P5144) program or the Single Job Adjustments (P51440) program.

To update the percent complete when working with revenue performance obligations (RPOs), review the following section:

Updating Percent Complete at the Revenue Performance Obligation Level