The following tables provide an example for posting a fixed-price project.
Ledger posting examples
|
Project group parameters |
Assessment principle |
Matching principle |
On-account invoicing |
|---|---|---|---|
|
Completed contract |
Production+Profit |
Profit and loss |
Statistics - Before estimate posting
|
Statement P&L |
Positive amount |
Jul |
Aug |
Sept |
Oct |
Nov |
Dec |
Total |
|---|---|---|---|---|---|---|---|---|
|
Invoiced revenue - On account |
Credit |
80,000 |
0 |
50,000 |
0 |
70,000 |
0 |
200,000 |
|
Accrued revenue - On account |
Credit |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Accrued revenue - Production |
Credit |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Accrued revenue - Profit |
Credit |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Revenue |
80,000 |
0 |
50,000 |
0 |
70,000 |
0 |
200,000 |
|
|
Cost |
Debit |
12,000 |
30,000 |
24,000 |
36,000 |
18,000 |
0 |
120,000 |
|
Gross margin |
68,000 |
-30,000 |
26,000 |
-36,000 |
52,000 |
0 |
80,000 |
|
Statement WIP (Balance) |
Positive amount |
Jul |
Aug |
Sept |
Oct |
Nov |
Dec |
Total |
|---|---|---|---|---|---|---|---|---|
|
WIP - Cost value and WIP - Cost value - Item |
Debit |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Gross WIP |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
|
WIP - Invoiced - On account |
Credit |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Net WIP |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Posting of estimate
|
Statement P&L |
Positive amount |
Jul |
Aug |
Sept |
Oct |
Nov |
Dec |
Total |
|---|---|---|---|---|---|---|---|---|
|
Invoiced revenue - On account |
Credit |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Accrued revenue - On account |
Credit |
-80,000 |
0 |
-50,000 |
0 |
-70,000 |
-200,000 |
|
|
Accrued revenue - Production |
Credit |
0 |
0 |
0 |
0 |
0 |
120,000 |
120,000 |
|
Accrued revenue - Profit |
Credit |
0 |
0 |
0 |
0 |
0 |
80,000 |
80,000 |
|
Cost |
Debit |
-12,000 |
-30,000 |
-26,000 |
-36,000 |
-52,000 |
120,000 |
0 |
|
Statement WIP (Balance) |
Positive amount |
Jul |
Aug |
Sept |
Oct |
Nov |
Dec |
Total |
|---|---|---|---|---|---|---|---|---|
|
WIP - sales value |
Debit |
12,000 |
30,000 |
24,000 |
36,000 |
18,000 |
-120,000 |
0 |
|
WIP - Invoiced - On account |
Credit |
80,000 |
0 |
50,000 |
0 |
70,000 |
-200,000 |
0 |
Statistics - After estimate posting
|
Statement P&L |
Positive amount |
Jul |
Aug |
Sept |
Oct |
Nov |
Dec |
Total |
|---|---|---|---|---|---|---|---|---|
|
Invoiced revenue - On account |
Credit |
80,000 |
0 |
50,000 |
0 |
70,000 |
0 |
200,000 |
|
Accrued revenue - On account |
Credit |
-80,000 |
0 |
-50,000 |
0 |
-70,000 |
0 |
-200,000 |
|
Accrued revenue - Production |
Credit |
0 |
0 |
0 |
0 |
0 |
120,000 |
120,000 |
|
Accrued revenue - Profit |
Credit |
0 |
0 |
0 |
0 |
0 |
80,000 |
80,000 |
|
Revenue |
0 |
0 |
0 |
0 |
0 |
200,000 |
200,000 |
|
|
Cost |
Debit |
0 |
0 |
0 |
0 |
0 |
120,000 |
120,000 |
|
Gross margin |
0 |
0 |
0 |
0 |
0 |
80,000 |
80,000 |
|
Statement WIP (Balance) |
Positive amount |
Jul |
Aug |
Sept |
Oct |
Nov |
Dec |
Total |
|---|---|---|---|---|---|---|---|---|
|
WIP - Cost value and WIP - Cost value - Item |
Debit |
12,000 |
30,000 |
24,000 |
36,000 |
18,000 |
-120,000 |
0 |
|
Gross WIP |
12,000 |
30,000 |
24,000 |
36,000 |
18,000 |
-120,000 |
0 |
|
|
WIP - Invoiced - On account |
Credit |
80,000 |
0 |
50,000 |
0 |
70,000 |
-200,000 |
0 |
|
Net WIP |
-60,000 |
30,000 |
20,000 |
36,000 |
-70,000 |
80,000 |
0 |
