Skip to main content
Documentation
Documentation
Administrator Guide
Last Updated: 2026-03-13
Review Percent Complete Calculations for Revenue Recognition

Review Percent Complete Calculations for Revenue Recognition

  • Project managers must approve time logged against the project in Time Tracking.
  • Configure the
    Percent Complete Project Event
     business process and security policy in the Customer Contracts and Project Billing functional areas.
Percent complete calculations enable you to recognize revenue on a project as it progresses. You can approve your percent complete revenue recognition before generating revenue installments.
  1. Access the
    Review Percent Complete for Revenue
     task.
  2. Select values for the prompts to filter your search.
    You can select multiple customers, projects, or a project hierarchy to review and edit transactions together. Workday groups the contract lines by project into 1 row. Select the
    Show 100% Complete
     check box to show only percent complete transactions that are 100% complete at the project or contract line level.
  3. Click
    OK
    .
  4. Select the rows that you want to change the revenue amounts for.
    When a row has more than 1 contract line, click the number in the
    Contract Lines
     column to edit revenue amounts for individual contract lines.
  5. Complete the task:
    Option Description
    Actual Percent Complete
    Workday calculates this value using either:
    • The
      Actual Cost
       divided by the
      Estimated Cost
       for the
      Cost
       percent complete method.
    • The
      Cumulative Hours Worked
       divided by the
      Estimated Hours at Complete
       for the
      Hours
       percent complete method. You can override this calculation by manually entering a new estimated hours value.
    Workday doesn't display percent complete projects when:
    • The
      Actual Percent Complete
       is 100.00% and you didn't select the
      Show 100% Complete
       check box.
    • You schedule all the installments.
    When you change a 100% complete line, Workday automatically updates your revenue installment.
    Base Currency
    The base currency for the
    Estimated Cost
     and
    Actual Cost
     columns, representing the project company currency.
    Contract Currency (previously named Currency)
    The currency for the customer contract.
    Cumulative Revenue to Date
    Workday multiplies the
    Actual Percent Complete
     by the
    Contract Value
    .
    Current Revenue Amount
    Workday calculates the difference between the
    Cumulative Revenue to Date
     and the
    Cumulative Revenue Recognized to Date
     values. You can override this calculation.
    Cost Details
    Drill down on the journal lines that make up the actual cost for the percent complete line.
Create revenue installments for billable transactions.