Revenue

The Revenue tab stores default accounts that apply by Fiscal Year to Accounts Receivable functionality. Sub account fields are always optional, even if the primary account is required by other system configuration.

The following table displays default accounts in alphabetical order.

Default	Description
Allowance for Bad Debt Allowance for Bad Debt Sub Account Allowance for Bad Debt Override	The contra asset account used in the allowance method of accounting for uncollectible accounts.
Bad Debt Expense Object Bad Debt Expense Sub Object Bad Debt Expense Object Override	The object used in both the allowance and direct method of accounting for uncollectible accounts.
Billed Deposits Billed Deposits Sub Account Billed Deposits Override	The liability account used to record billings for deposits and other forms of pre-payment.
Billed Deposits Receivable Billed Deposits Receivable Sub Account Billed Deposits Receivable Override	The asset account used to record receivables for billings for deposits and other forms of pre-payment.
Billed Deposit Write Off Billed Deposit Write Off Sub Account Billed Deposit Write Off Override	The contra asset account used to offset a deposit receivable being written off. This account is a memo account.
Billed Earned Receivable Billed Earned Receivable Sub Account Billed Earned Receivable Override	The asset account used when recording amounts due from customers that are billed and earned, including revenues and amounts billed out of balance sheet accounts.
Billed Unearned Receivable Billed Unearned Receivable Sub Account Billed Unearned Receivable Override	The asset account used when recording revenues due from customers that have been billed but do not meet the criteria yet for being earned.
Billed Unearned Revenue Billed Unearned Sub Revenue Billed Unearned Revenue Override	The liability account for revenues due from customers that have been billed but do not meet the criteria yet for being earned.
Billed Vendor Refund Billed Vendor Refund Sub Account Billed Vendor Refund Override	The asset account used when recording amounts due from vendors (who are also defined as customers) resulting from overpayments or returns where a credit memo in Accounts Payable was not deemed the desired approach to reclaim amounts spent.
Collected Deposits Collected Deposits Sub Account Collected Deposits Override	The liability account used to record the collected payment for a deposit or other form of pre-payment before goods and services have been provided.
Collected Unearned Revenue Collected Unearned Sub Revenue Collected Unearned Revenue Override	The liability account used to record the collected payment for goods and services provided but the criteria for the revenue being earned has not yet been met.
Credit Card Fee Object Credit Card Fee Sub Object Credit Card Fee Object Override	A default object used when a charge is absorbed when a customer makes a payment with a credit card. This default is not currently used within the application.
Deposit Receivable Write Off Deposit Receivable Write Off Sub Account Deposit Receivable Write Off Override	The memo asset account used to replace a prior deposit receivable asset account now being written off.
Earned Receivable Earned Receivable Sub Account Earned Receivable Override	The asset account used when recording amounts due from customers that have not been billed yet have been earned. Another use would be with revenues being accrued for accounting purposes outside of accounts receivable functions.
Earned Receivable Sent to Collection Earned Receivable Sent to Collection Sub Account Earned Receivable Sent to Collection Override	The asset account that replaces a billed earned receivable asset account when that receivable is being transferred to a collection agency.
NSF Check Charge Revenue Source NSF Check Charge Sub Revenue Source NSF Check Charge Revenue Source Override	The revenue source that defaults when a non-sufficient funds (NSF) event is recorded on a receivable.
Reserved Overpayment Reserved Overpayment Sub Account Reserved Overpayment Override	The liability account that defaults when an overpayment is being recorded where it should not be automatically applied to the next open receivable for the customer. All pre-payments of revenues without a referenced billing will be reserved.
Unearned Receivable Write Off Unearned Receivable Write Off Sub Account Unearned Receivable Write Off Override	The memo asset account used to replace an unearned receivable asset account that is being written off.
Unearned Revenue Write Off Unearned Revenue Write Off Sub Account Unearned Revenue Write Off Override	The memo contra asset account used to replace an unearned revenue liability account that is being written off.
Unreserved Overpayment Unreserved Overpayment Sub Account Unreserved Overpayment Override	The liability account that defaults when an overpayment is being recorded where it should be automatically applied to the next open receivable for the customer.
Vendor Refund Expenditure Holding Account Vendor Refund Expenditure Holding Sub Account Vendor Refund Expenditure Holding Account Override	The contra asset account used in the billing of a vendor refund when an expenditure credit is not desired until the refund is collected.
Vendor Refund Receivable Sent to Collection Vendor Refund Receivable Sent to Collection Sub Account Vendor Refund Receivable Sent to Collection Override	The asset account used to replace the billed vendor refund receivable account when the receivable is transferred to a collection agency.
Vendor Refund Receivable Write Off Vendor Refund Receivable Write Off Sub Account Vendor Refund Receivable Write Off Override.	The memo asset account used to replace the billed vendor refund receivable account when the receivable is being written off.
Vendor Refund Write Off Vendor Refund Write Off Sub Account Vendor Refund Write Off Override	The memo contra asset account used to replace the accrued expenditure or vendor refund holding account, depending on which was used originally, when the receivable is being written off.