Overriding a Project Revenue Plan
You can use the Rev Rec Percent Complete Override subtab to override a project revenue plan. This subtab works with Advanced Revenue Management (Essentials) and percent complete project revenue rules.
For more information about Advanced Revenue Management (Essentials), see Advanced Revenue Management (Essentials) for Projects and Using the Percent Complete Override Subtab.
To override a project revenue plan created from a percent complete project revenue rule
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Add lines to the Percent Complete Override subtab for the accounting periods you want in the plan.
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On each line, select an Accounting Period and enter a value for Cumulative Percent Complete.
You can decrease the values entered on the Percent Complete Override subtab and plans are adjusted accordingly. Because the values are cumulative, you cannot skip periods.
If you also want to override forecasts, check the Use Percent Complete Override for Revenue Forecasting on the Financials subtab of each project record.
When the Use System Percentage of Completion for Schedules preference is set at Accounting Preferences > General > Revenue Recognition, NetSuite calculates the project progress percentage based on time tracked against the project. If you manually enter values on the Percent Complete Override subtab on the project record, NetSuite uses these values instead of the automatically calculated ones. If there are missing periods not accounted for on the Percent Complete Override subtab, NetSuite uses the automatically calculated values for the missing periods.
When the Use System Percentage of Completion for Schedules preference disabled, the percentage of project completion must be entered manually on project records on the Percent Complete Override subtab.