Overview
The Revenue Recognition Report gives schools the ability to see what you booked for the year with some custom set parameters, and when you expect to receive it.
Recognition Period Setup
To configure a global recognition period, you can do so within Settings > Financial > Billing Setup. This will act as a default for all of your Billing Categories. However, if you need to define different recognition periods or allocation rules per billing category, you can do so within Settings > Financial > Billing Categories.
Click here to learn how to define the global parameters within your Billing Setup page.
Revenue Recognition Report
Recognition Parameters
Within the report, you can filter down on what revenue you want to view with different types of parameters.
- Billed: The timeframe of when the charges have been added to the ledger.
- Recognized up to: The timeframe that determines what or what hasn’t been recognized. This correlates to the allocation rules set up in your 'Settings-->Financial-->Billing Categories' as well as the rules set within 'Settings-->Billing Setup-->Revenue Recognition.'
Report Details
The report will display the revenue details for all months within the timeframe set at the top. If you click on each month within the report, it will expand to display the revenue recognized by billing category for each month according to the allocation rules. Along the far right is the 'recognized up to' month, which displays the total amount recognized across all months set, and any remaining revenue, or unrecognized amounts for that month.
Export to .CSV
For additional reporting needs, you can export the data to .CSV in the upper right.
Important Notes:
- This report does not necessarily coincide with payments.
- These rules and how it generates on the report, may or may not correlate to payment plans.
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