The Percentage of Completion Calculator is an interactive tool designed to help businesses and project managers calculate the progress of long-term projects using the percentage of completion method. This method is commonly used in revenue recognition for projects spanning multiple accounting periods. The calculator allows users to input details such as total contract value, costs incurred to date, and estimated total costs. It calculates the percentage of completion, revenue recognized to date, and remaining revenue to be recognized. Additionally, it provides visualizations like pie charts for project progress and generates a downloadable PDF report summarizing the analysis.

Key Features:

1. Input Fields : Add total contract value, costs incurred to date, and estimated total costs.
2. Dynamic Calculations : Automatically calculates the percentage of completion, revenue recognized to date, and remaining revenue.
3. Visualization : Displays project progress in a pie chart for easy interpretation.
4. PDF Download Button : Generates a professional PDF report of the percentage of completion analysis for documentation or sharing.
5. Modern Design : A sleek, colorful, and responsive interface that fits seamlessly into your WordPress Elementor page without interfering with the header or footer.
6. Self-Contained Container : The tool operates within its own container, ensuring no conflicts with other page elements.

Use Cases:

• Revenue Recognition : Accurately recognize revenue for long-term projects under accounting standards like ASC 606 or IFRS 15.
• Project Tracking : Monitor the progress of ongoing projects and assess their financial performance.
• Budgeting and Forecasting : Estimate remaining costs and revenues for better financial planning.
• Audit Preparation : Generate detailed reports for internal audits or regulatory compliance.

How It Works:

1. Introduction : Start by entering the total contract value, costs incurred to date, and estimated total costs.
2. Calculation : The tool automatically calculates the percentage of completion, revenue recognized to date, and remaining revenue.
3. Visualization : View project progress in a pie chart for better decision-making.
4. Export : Click the “Download PDF” button to save the analysis as a professional report.