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Planview Customer Success Center

How does RevRec handle reduced percentages in FF?

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Quesiton
We have a Fixed Fee where we want to reduce the percentage of completion from 80% to 60%. How will this be handled in the revenue recognition?

Answer
This will be handled properly by the revenue recognition functionality. A negative revenue corresponding to 20% of the fixed fee will be generated if the billing office is set to allow negative revenue for Fixed Fees.