Recognizing the remaining “On-account” on T&M project by dimension

Business case – A prepayment is received from the customer for an additional support contract for 35 hours on top of the actual core project. However the contract is such that whenever a consultant spends time on this engagement, that time is booked on the separate support project and a zero value invoice is raised against the project for the customer to know the hours spend till date….

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Recognizing the remaining “On-account” on T&M project by dimension

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Author: Sarang Kusare

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