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Deltek Vision: How to calculate WIP (work in process)

by Loren Saunders | Jun 30, 2015 | Special Projects

WIP is defined as the billable value of work you haven’t billed for yet.  Some companies will include this in their revenue calculations. Vision even has a feature where you can have it “generate revenue” based on this number. This is great, but what...

A basic rule of thumb to consider when looking at business automation

by Loren Saunders | Feb 7, 2013 | Configuration Topics, General Topics, Implementation Topics, Infocenter Automation

I’ve just kicked off a rather large project with a well established engineering firm based out of Ohio. In reviewing their business processes and the day to day operations of some of their accounting and project management functions, I have come up with a good...

Fun with revenue recognition

by Loren Saunders | Aug 13, 2010 | Configuration Topics, Implementation Topics

Not being an accountant on a regular day to day basis, I don’t have to deal with these concepts very often, but when I do, I’m glad I sat through those basic and managerial accounting classes so long ago in college. In Vision, when you enable revenue...

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Recent Posts

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