Skip to main content

WIP Adjustments - Margin % Accounting

Written by Andy Temple

Overview

This feature allows setting a conservative margin percentage for accounting purposes, separate from project manager forecasts, until the job is near completion.

This feature only applies to online WIP Adjustments (not offline Job Sets).

Configuration

Enable Revenue Recognition Method

  1. Navigate to Revenue Recognition Methods.

  2. Select a percentage-based method.

    This feature only works with percentage-based revenue recognition methods; it does NOT work with the Cost Multiplier method.

  3. Check Allow Override of the EMAC Percentage.

  4. Save the method.

Configure Job

  1. Open the job record.

  2. Ensure the job uses a Revenue Recognition method with override enabled.

  3. Check Allow Override.

  4. Enter your conservative margin percentage in the Financial Margin % field.

  5. Save the job record.

Calculation Process

Coins ERP+ uses your entered margin percent with Estimated Revenue at Completion (ERAC) to calculate what ECAC should be to achieve that margin. Then, the system overrides the ECAC in WIP Adjustments and recalculates all dependent values.

Turning It Off

When the job reaches your confidence threshold (e.g., 80% complete):

  1. Open the job record.

  2. Uncheck Allow Override.

  3. Save the job record.

  4. The next WIP adjustment calculation will use the normal calculations.

Did this answer your question?