Project Earnings Report: How Write-off is calculated?
KB Article #:
81771
Summary:
Project Earnings Report: How Write-off is calculated?
Description:
Resolution: 
The Write-off column on the Project Earnings Report reflects the amount the user deducts from a final client invoice when:
  • Manually changing a work-in-progress detail amount on the client invoice.
  • Changing the status of WIP to Write-off on the client invoice.
The user may have made these changes because either a maximum was exceeded, or employee time and/or expense could not be billed in full.
Write-off = Earned Amount – Billed Amount – WIP Amount
  • For Time & Expense projects, this amount is calculated from the WIP entered and billed on the project.
  • For Fee type projects, this amount is calculated from the earned and billed value of the WIP entered on the project.
    • If the amount billed from the fee is different from the billed value of the WIP, it is not reflected as a write-off unless the billed value of the WIP was changed in Client Invoices.
  • For descriptions of all columns on the Project Earnings Report, see Project Earnings report help topic. 
 
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