Revenue Basics
Revenue cap on fixed fee project
What is the estimated fee entered in Deltek?
A detailed report showing all transactions posted to the project job-to-date and their status.
What is a project detail report?
Waiting to approve these can delay revenue recognition on the project
What are AP invoice approvals or expense reports?
Work in progress that has not yet been included on an invoice
What Is Unbilled Revenue?
Revenue generated by all of EWI in 2024 ($$)
What is $86,075,154?
Profit divided by revenue
What is Profit Margin%?
A report that breaks down project financials job-to-date by phase or task.
What is profit report?
These post to the project and drive revenue recognition
What are costs?
Term to describe anticipated items such as labor, expenses, internal DEL units required to complete the work
What Are Estimated Costs?
The number of vehicles EWI owns as of December 31, 2025
What is 264?
The accounting principle that describes the goal of keeping expenses and revenue in the same period
What is the matching principle?
A report that shows the estimated fee, estimated costs, and progress towards those values.
What is budget management report?
This is the solution for when revenue accrued on the project is too high compared to the work completed so far. (Ex. only 50% of the work has been completed but 75% of the total estimated fee has accrued in revenue)
What is increase estimated costs in Deltek?
The work that has been invoiced
What is Billed Revenue?
The dollar value EWI spent on salaries and benefits for employees in 2025
What is $39,292,848
These post to the project and are compared to the estimated totals to estimate percentage of work completed
What are costs?
The screen in Deltek that can be used to view attachments for expenses or subcontractors posted to a project.
What is project review?
Project has been billed periodically (not pre-billed) at milestones and the JTD revenue accrued is lower than the JTD amount billed. Actual costs are _________ than estimated costs and need to be adjusted in Deltek.
What is lower?
The amount remaining from our revenue after subtracting the costs it took us internally to do the work
What Is Profit Margin?
The highest revenue producing project in 2025 ($2,237,325)
The revenue accrued when $125,000 in costs have posted to the project with an estimated fee of $1,000,000 and the estimated costs of $500,000.
What is $250,000?
The screen in Deltek where estimated fee and estimated costs are entered to drive revenue recognition.
What is contract management?
Revenue stops accruing on a project when actual costs _______ estimated costs.
What is exceed?
The predetermined flat rate regardless of the actual resources spent completing the work
What is Estimated Fee?
The company Jason Smith worked for during college in which he fired his own manager
What is Wendy's?