In fixed price project, our client want to do the following:
- Set revenue share of each sub project ( for instance sub project 1 has 40 % share, while sub project 2 has 60 % )
- Invoices schedule for the project, which is identified by the master project.
For that, I have done the following:
1- on account forecast
- Sub project 1 > $ 40,000
- Sub project 2 > $ 40,000
2- On Account Transactions
On the master project , not the sub
- Milestone 1 invoice 20,000
- Milestone 2 invoice 40,000
- Milestone 3 invoice 10,000
- Milestone 4 invoice 30,000
Invoice proposal is perfectly fulfilling their requirements, although, when doing estimate for every sub project separately "Accrued Revenue" is zero since on account transactions are filled out on the master project level.
Highly appreciate your feedback on how to fulfill this requirement