Overview of Fixed-Fee Reporting Metrics
Rocketlane's Portfolio Reporting includes various metrics to help you track the progress and financial aspects of your projects. Two key metrics under the Fixed Fee tab are the "recognized percentage" and the "Recognized Revenue" column. These metrics are essential for understanding how your revenue is being tracked and recognized.
What Is the Recognized Percentage?
The recognized percentage in Portfolio Reporting represents the portion of your project's fixed-fee revenue that has been accounted for (or "recognized") during a specific reporting period. This metric gives you a quick view of how much of the total fixed revenue has been realized within a selected timeframe.
Recognized Percentage vs. Recognized Revenue Column
While the recognized percentage indicates the proportion of recognized revenue, the "Recognized Revenue" column shows the exact amount of revenue that corresponds to the percentage. In other words:
Recognized Percentage: Displays the percentage of fixed-fee revenue that has been recognized during the reporting period.
Recognized Revenue Column: Displays the actual dollar amount equivalent for the recognized percentage.
By interpreting these metrics together, you can gain a detailed understanding of your project’s revenue recognition progress and financial health.