Forum Discussion
MikeTamoush
4 years agoQrew Elite
Projects. I can relate them all to a project summary table and pull costs and revenue per project there. I thought about using that table, but what I can't figure out is - I will have multiple dates. The date the revenue is recorded and the date the cost is recorded. This may be in different months. So if I use the project summary table, I don't think I can look at Gross margin per month?
It feels to me like I will still need to utilize a monthly summary table to look at costs/revenue per month, and a project summary table to view per project.
In the same way, I feel like I would also need a yearly summary table to view per year.
But I also keep thinking that all these new tools were supposed to help me avoid these summary tables...
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Mike Tamoush
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It feels to me like I will still need to utilize a monthly summary table to look at costs/revenue per month, and a project summary table to view per project.
In the same way, I feel like I would also need a yearly summary table to view per year.
But I also keep thinking that all these new tools were supposed to help me avoid these summary tables...
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Mike Tamoush
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MarkShnier__You
Qrew Legend
4 years agoBut the fundamental problem is that if you have a mismatch on timing between revenue and cost recognition then you can't really know what the margin is in a particular month because for example a month maybe all cost and no revenue. And opposite for the next month. So really arguably the margin really only makes sense on a project to date basis. Even if you go annually then you can still have the problem that there is a stub of a cost or a revenue recognition mismatch during that. Of course the same problem can happen even on a project today basis if you have not got around to billing Revenue yet.
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Mark Shnier (YQC)
mark.shnier@gmail.com
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Mark Shnier (YQC)
mark.shnier@gmail.com
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