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How to search for and view a Revenue Recognition
A step-by-step guide on how to search for a revenue recognition.
Steps:
- Navigate to ACCOUNTING > Revenue Tools > Revenue Recognition
- Filter the To Accounting Year and To Accounting Month to define the point where you want to adjust the amount of revenue recognized. Set additional filters as needed.
- The Revenue Recognition Summary view displays the following for each active job that meets the parameters defined in the Filters section.
Field Description Client Client Name Job No. Job No. - Click to access the Revenue Recognition Detail view, which drills down into the details that make up each of the calculations on the summary view. Job Description Job description. Estimated Revenue The estimated billable value of time charges. Billable Revenue The billable value of actual time recorded. Billed Revenue The value of time charges billed/invoiced to the client. Billable Less Billed Billable Revenue Minus Billed Revenue. Previously Accrued / Deferred The amount of time revenue already accrued (or deferred). Balance to Accrue/Defer The billable less billed minus the previously accrued (or deferred).