North Carolina User Group

Thank you for attending the North Carolina User Group. To obtain the slide presentation on the topic presented, please fill out the form on the right hand side.  Once you have done so, you will receive a link to the presentation.


Presentation Topics

Revenue Recognition - Best Practices for Monitoring & Evaluating Revenue for Your Business

The timing of when you recognize revenue for your business can be influenced by a number of factors. Ask yourself these questions:

  1. Do you know when your revenue is being recognized and did you know you have choices?
  2. Does your firm understand revenue recognition?
  3. Do you know how to monitor rev gen within Deltek Vision?

Join us as, Full Sail Partners’ Sr. Consultant, Rick Childs discusses different method types and presents on how to enable, run, and manage your Deltek Vision system regardless of the recognition methods you use. Learn 9 key points to keep in mind regarding Revenue Generation.


Simplify Your Billing Invoice

Deltek Vision's billing system is very versatile, allowing you to present many different billing formats for your clients without having to create different invoice designs. This is accomplished by using Vision's Project Billing Terms. By using billing terms you can produce an invoice for your clients that bills Fixed Fee, % Complete against a Fee, Hourly, Consultant and Expense billing, all on a single invoice. A drawback to this "mixed billing" formatting in Vision is that it produces a lengthy invoice with individual billing sections for each billing type. The fee billing phases can be combined into a single billing block, but each T&M phase must be billed separately.

So how can this be resolved?
Rick Childs with Full Sail Partners will demonstrate a solution to reduce your invoice down to a line item summary. The format is easy to read! Using the native Billing Backup report, the report can still provide transactional detail behind the summarized information for clients requiring details.

For information regarding covered topics or any other user group related questions please contact Carmen Johnson at O. R. Colan Associates.