What is Earned Valuation?

This topic covers the business process of earned valuation. To perform earned valuations, please refer to the Working with Earned Valuations topic.

How it works

Sync to Accounting system using Synergy Connect.
Invoices appear in Income accounts in Accounting system as earning $160,000.
However this may not be the value of work that has been completed.
An adjustment is required to reduce/increase the true value earned for the project.
This is done with Earned Valuation.
The Project manager reviews each sub project, indicating a true value of work complete to date. The Invoiced to date and Charge to date are provided to help you out.

Project	Invoiced	Charged to date	True Valuation	Adjustment
20100054	100,000	70,000	70,000	(30,000)
20090080	60,000	80,000	70,000	10,000
TOTAL	160,000	150,000	140,000	(20,000)

The total adjustment figure is entered into the Accounting system and is required to adjust the income code.
So instead of showing an Invoice value of $160,000 there should be $140,000 in the Accounting system.
A negative adjustment of $20,000 should be made that will reduce the true revenue earnings.

Looking for more help? Try reviewing the following Projects topics: View Topics

Or try reviewing the following Earned Valuations topics:View Topics