The following tables provide an example of posting a fixed-price project.

Ledger posting examples

Project group parameters

Assessment principle

Matching principle

On-account invoicing

Completed percentage

Production + Profit

Balance

Statistics - Before estimate posting

Statement P&L

Positive amount

Jul

Aug

Sept

Oct

Nov

Dec

Total

Accrued revenue - Production

Credit

0

0

0

0

0

0

0

Accrued revenue - Profit

Credit

0

0

0

0

0

0

0

Revenue

0

0

0

0

0

0

0

Cost

Debit

12,000

30,000

24,000

36,000

18,000

0

120,000

Gross margin

-12,000

-30,000

-24,000

-36,000

-18,000

0

-120,000

Statement WIP (Balance)

Positive amount

Jul

Aug

Sept

Oct

Nov

Dec

Total

WIP - Production

Debit

0

0

0

0

0

0

0

WIP - Profit

Debit

0

0

0

0

0

0

0

Gross WIP

0

0

0

0

0

0

0

WIP - Invoiced - On account

Credit

80,000

0

50,000

0

70,000

0

200,000

Net WIP

-80,000

0

-50,000

0

-70,000

0

-200,000

Posting of estimate

Statement P&L

Positive amount

Jul

Aug

Sept

Oct

Nov

Dec

Total

Accrued revenue - Production

Credit

12,000

30,000

24,000

36,000

18,000

0

120,000

Accrued revenue - Profit

Credit

8,000

20,000

16,000

24,000

12,000

0

88,000

Cost

Debit

0

0

0

0

0

0

0

Statement WIP (Balance)

Positive amount

Jul

Aug

Sept

Oct

Nov

Dec

Total

WIP - Production

Debit

12,000

30,000

24,000

36,000

18,000

-120,000

0

WIP - Profit

Debit

8,000

20,000

16,000

24,000

12,000

-80,000

0

WIP - Invoiced - On account

Credit

0

0

0

0

0

-200,000

-200,000

Statistics - After estimate posting

Statement P&L

Positive amount

Jul

Aug

Sept

Oct

Nov

Dec

Total

Accrued revenue - Production

Credit

12,000

30,000

24,000

36,000

18,000

0

120,000

Accrued revenue - Profit

Credit

8,000

20,000

16,000

24,000

12,000

0

80,000

Revenue

20,000

50,000

40,000

60,000

32,000

0

200,000

Cost

Debit

12,000

30,000

24,000

36,000

18,000

0

120,000

Gross margin

8,000

20,000

16,000

24,000

12,000

0

80,000

Statement WIP (Balance)

Positive amount

Jul

Aug

Sept

Oct

Nov

Dec

Total

WIP - Production

Debit

12,000

30,000

24,000

36,000

18,000

-120,000

0

WIP - Profit

Debit

8,000

20,000

16,000

24,000

12,000

-80,000

0

Gross WIP

20,000

50,000

40,000

60,000

30,000

-200,000

0

WIP - Invoiced - On account

Credit

80,000

0

50,000

0

70,000

-200,000

0

Net WIP

-60,000

50,000

-10,000

60,000

-40,000

0

0