Redstone Government Consulting Blog | Heather Stroud and Aaron Wilson

Accurate project reporting depends on more than running the right reports. Government contractors need to confirm that Costpoint data is current, evaluate whether costs and revenue are reasonable, and investigate differences between reports. Regular review of the Project Status Report (PSR) and Revenue Worksheet helps accounting and project management teams identify missing processing, unexpected revenue calculations, and configuration issues before they affect monthly reporting and project decisions.

If you’ve ever found yourself scratching your head over why the Project Status Report (PSR) doesn’t match the Revenue Worksheet (Rev WS), you are not alone. These two reports serve different purposes and speak two distinct languages. But to truly understand the differences, you must start with what is happening behind the scenes in the Costpoint Project Ledger.