Four Models: Recognizing Travel Expenses
Pass Through: Simply pass through the travel expenses. No mark up. Recognize them as zero margin revenue
Included: Embed travel expenses into the rate or into a fixed priced package and recognize the travel expenses as COGs.
Other Revenue: Create a separate category called “Other Revenue.” Place all low and zero margin PS activities in that category (travel expenses, low margin third party products resold)
No Revenue: Travel expenses are not recognized as revenue, Payment from customer for actual expenses is reconciled off of the PS P&L.
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