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Revenues

In this form you can register and change revenues. Open screen in browser Open Form

A revenue is a unit (parking lot, house, store or office space) which can be sold or rented as part of a project to a client. Any additional revenues such as contributions from the government are sometimes registered as negative costs.

During the determination of the project the revenues are included in the budget to cover the costs and to reach a positive project result.

The revenues are registered per unit number against an expected revenue. For example, if a project will produce fifteen houses, then fifteen revenues will be registered. In an early stage it is sensible to combine similar revenues, for example, five corner houses with a total value of EUR 1,400,000.

The actual revenue (sales price or value at resale to owner in rental state) is added on the moment of rent or sale of a unit.

Revenues from a project screen

The meaning of the entry fields is:

Project	The project of which the revenue is part of.
Cost Type	The cost category on which the revenue is registered. Only cost categories can be chosen from the master roll up of the type ‘Revenues’.
Category	The type of revenue. See also Revenue Types.
Contract	The contract for the grouping of a revenue. Two revenues cannot share the same contract on one budget.
Sold	The revenue has been saled if checked.
Customer	Reference to the buyer of the revenue as registered in Organizations.
Customer free format	Reference to a customer as free format.
Address	The address where the revenues are earned.
City	The place where the revenues are realized.
#Units	The number of units, expressed in units that belong to the class. Houses are generally expressed in ‘Numbers’, while ‘Commercial Space’ is expressed in ‘m2’.
Budgeted Result	The budgeted result of the unit.
Multiple Periods	An indicator if more than one invoice will be sent in order to charge the agreed revenue. In case you choose for one period and the field ‘Realized Revenues’ is not filled in or differently, the first invoice of this revenue will be treated as the realized revenue.
Charged by Hour	The activities will be charged by hour if selected.
Customer Reference	A reference/characteristic that is specified by the customer.
Description	A description of the products, activity or situation where revenues relate to.
Explanation	An informative explanation such as the expected start or duration of the rental period.
Planned Start Date	The planned start of realization.
Planned End Date of Handover	The planned date of handover of the units.
End of Construction	The actual end date of construction of the units.
Realized Revenues	The realized revenue per unit. This is filled out as soon as the contractual agreement is signed. Note that reports may show a different contract revenue as entered here if ‘1 period’ is selected in the field ‘Multiple Periods’ and an invoice with contract is sent. In this case the reports will always show the total invoice amount instead of the here entered realized revenues.
Planned Date Sales	The expected date that the customer will sign the sales contract.
Date Realization Sale	The date on which the contractual agreement with the construction company is signed.
Planned Date of Transport	The expected date when the product will be transferred to the buyer.
Buyer	The name of the buyer.
Points	The number of points awared for the commercial objective of the project. This is normally used to determine bonuses.
Documents	Linked documents, see Linking Documents.
Expected Maturity	The date the cash flow for revenue is expected to begin.
Expected Maturity End	The date the cash flow for this revenue is expected to finish. The maturity date is only relevant if the cash flow projection method needs it.
Distribution Method	The method used to distribute the cash flow of the revenue over time based on expected maturity and expected maturity date.

The meaning of the other fields:

Project Code	A unique code for the project.
Name	The name of the project.
Roll Up	The roll up code.
Master Roll Up	The name of the master roll up to which the roll up (a roll up is a bundle of individual cost categories) belongs.
Calculated Date of Production	The calculated date of production on which the units are counted as production. The calculation is as follows: •Date end of construction units if available. •Date end of construction if available. •Planned date end of construction units if available. •Planned date end of construction if available. •Else unknown.
Open	Indicator whether the bill is paid.
Category	Is a grouping of revenues.
Merged Project	The name of the main project to which the revenue belongs.
To be Invoiced	Contains the part of the revenue that still needs to be invoiced. Automatically calculated by the system.

Important Safety and Usage Information

Intended Use and Limitations: This software, developed by Invantive, is designed to support a variety of business and information technology data processing functions, such as accounting, financial reporting an sales reporting. It is important to note that this software is not designed, tested, or approved for use in environments where malfunction or failure could lead to life-threatening situations or severe physical or environmental damage. This includes, but is not limited to:

Nuclear facilities: The software should not be used for operations or functions related to the control, maintenance, or operation of nuclear facilities.
Defense and Military Applications: This software is not suitable for use in defense-related applications, including but not limited to weaponry control, military strategy planning, or any other aspects of national defense.
Aviation: The software is not intended for use in the operation, navigation, or communication systems of any aircraft or air traffic control environments.
Healthcare and Medicine Production: This software should not be utilized for medical device operation, patient data analysis for critical health decisions, pharmaceutical production, or medical research where its failure or malfunction could impact patient health.
Chemical and Hazardous Material Handling: This software is not intended for the management, control, or operational aspects of chemical plants or hazardous material handling facilities. Any malfunction in software used in these settings could result in dangerous chemical spills, explosions, or environmental disasters.
Transportation and Traffic Control Systems: The software should not be used for the control, operation, or management of transportation systems, including railway signal controls, subway systems, or traffic light management. Malfunctions in such critical systems could lead to severe accidents and endanger public safety.
Energy Grid and Utility Control Systems: This software is not designed for the control or operation of energy grid systems, including electrical substations, renewable energy control systems, or water utility control systems. The failure of software in these areas could lead to significant power outages, water supply disruptions, or other public utility failures, potentially endangering communities and causing extensive damage.
Other High-Risk Environments: Any other critical infrastructure and environments where a failure of the software could result in significant harm to individuals or the environment.

User Responsibility: Users must ensure that they understand the intended use of the software and refrain from deploying it in any setting that falls outside of its designed purpose. It is the responsibility of the user to assess the suitability of the software for their intended application, especially in any scenarios that might pose a risk to life, health, or the environment.

Disclaimer of Liability: Invantive disclaims any responsibility for damage, injury, or legal consequences resulting from the use or misuse of this software in prohibited or unintended applications.

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Invantive Estate

Revenues

Important Safety and Usage Information