<?xml version="1.0" encoding="UTF-8"?><oembed><type>video</type><version>1.0</version><html>&lt;iframe src=&quot;https://www.loom.com/embed/a58541345ac84403be0644906e03b44e&quot; frameborder=&quot;0&quot; width=&quot;1920&quot; height=&quot;1440&quot; webkitallowfullscreen mozallowfullscreen allowfullscreen&gt;&lt;/iframe&gt;</html><height>1440</height><width>1920</width><provider_name>Loom</provider_name><provider_url>https://www.loom.com</provider_url><thumbnail_height>1440</thumbnail_height><thumbnail_width>1920</thumbnail_width><thumbnail_url>https://cdn.loom.com/sessions/thumbnails/a58541345ac84403be0644906e03b44e-c204d1599ea105f0.gif</thumbnail_url><duration>268.096</duration><title>Fixed Price Revenue Recognition Update</title><description>This Loom explains a change in how fixed price project revenue is calculated when other expenses are present. Previously, other expenses could be included in the effective hourly rate and combined with recognized billable hours; now, other expenses are aligned to act like the TNM benchmark and are listed separately on the date they occur. The change only affects scenarios where TNM benchmark and project revenue differ, such as when the budget and project revenue do not match or when actuals exceed scheduled hours, where the system uses additional charges to predict remaining earned amounts. This may cause slight differences in project revenue and revenue by person, including potential declines of about $200 for Thomas, and report differences may be more noticeable with certain date ranges or weekly views.</description></oembed>