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All CollectionsGetting Started (Updated)Unearned Income
What does a typical unearned income transaction look like?
What does a typical unearned income transaction look like?

Unearned income transactions

Updated over a year ago

Edition: Enterprise

User-level: System Administrator, Assistant Administrator, Project Manager, Assistant Project Manager

In this example, the stage has a fixed fee of $/£1000. The entire amount is invoiced and work has not yet begun.

Complete % is the same as earned %, it is your stage progress as indicated by your project manager expressed as a percentage. As a value, however, these two are slightly different- complete % is multiplied by the fee, while earned % is multiplied by budget.

Like in a spreadsheet, when an amount is in parentheses ( ), this amount has been deducted from the stage.

Unearned income

1000

Complete % changes to 50

0

Transaction view

(500)

New unearned income amount

500

Credit note on invoice

100

Transaction view

(100)

New unearned income amount

400

Complete % changes to 90

0

Transaction

(400)

New unearned income amount

0

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