When is revenue recognized in Ruddr?

The method that Ruddr uses to recognize revenue on performance reports and dashboards varies depending on the type of revenue being recognized. The list below covers all types of revenue in Ruddr and when that revenue is recognized.

• Time & Materials Services Revenue - Hourly services revenue on a Time & Materials project is recognized immediately when the time entry is saved. So, if today is April 5th and a member creates a billable time entry for April 3rd, that revenue will immediately be recognized on April 3rd. The time entry does not need to be approved and an invoice does not need to be published for this revenue to be recognized.
• Fixed Fee Services Revenue with "As Invoiced" Revenue Recognition - When a fixed fee project uses the "As Invoiced" revenue recognition method, the revenue for a billing milestone is recognized when an invoice including that milestone is published. The revenue is recognized as of the Issued Date of the invoice.
• Fixed Fee Services Revenue with "Manual" Revenue Recognition - When a fixed fee project uses the "Manual" revenue recognition method, the revenue is recognized as of the date of the revenue recognition ledger entry. An invoice does not need to be published for this revenue to be recognized.
• Other Items to Bill Revenue Recognition - Other Items to Bill are recognized as of the date in the item in the ledger. An invoice does not need to be published for this revenue to be recognized.
• Billable Expense Item Revenue Recognition - A billable expense item on an expense report is recognized immediately when it is saved. So, if today is April 5th and a member creates a billable expense item for April 3rd, that revenue will immediately be recognized on April 3rd. The expense item does not need to be approved and an invoice does not need to be published for this revenue to be recognized.
• Billable Project Expense Revenue Recognition - A billable project expense is recognized as of the date in the project expenses ledger. An invoice does not need to be published for this revenue to be recognized.