Understanding Revenue Categories

A Financial Management Tool for Printed Document and Financial Recording

Revenue categories also relate to how items are tracked in the financial section and how the financial information may be displayed on customer proposals and contracts. This information breaks down the allocation of revenues for specific goods and services provided. It is important that you review your current financial statements and develop your revenue category codes to include necessary existing information and any new information you would like to see on proposals and contracts. Remember, these are powerful tracking mechanisms. Five revenue codes in the system must remain -- FOOD, EQUIP, MISC, STAFF, and ALC.

They are parent codes within the program and should not be removed.

For adding or editing revenue codes within your system, please follow these steps to ensure proper setup:

A. Add a New Revenue Code:

1. Go to Administration on the Gear Icon.
   
   
2. Click on Financial Setup.
   
   
3. Click Create and Edit Revenue Codes.
   
   
4. Click on New Entry.
   
   
5. Enter the desired Revenue information on the Revenue Code Management pop-up window. 
   
   
6. Click on Save once completed. 
   
   

B. Edit an Existing Revenue Code:

1. Go to Administration on the Gear Icon.
   
   
2. Click on Financial Setup.
   
   
3. Click Create and Edit Revenue Codes.
   
   
4. On the Action column, click on the pencil icon to open a revenue code.
   
   
5. Click on Save once you have edited the revenue information.
   
   
   
   

   C. Expand Configuration Sections:

    

   In the editing window, make sure to expand the following sections to configure additional settings:
   • Legacy Configurations – Adjust settings that are carried over from previous system setups.
     
     
   • Commissions Setup – Set up or modify the commission rules associated with the revenue code.
     
     
   • Rewards Configuration – Configure any rewards or incentives linked to the revenue code
     
     

By following these steps, you can effectively manage and customize revenue codes in your system, allowing for tailored financial tracking and incentive management.

REVENUE CODE - A unique 5-character code for the revenue category. For example, a revenue code for “Design” could be “DESGN.”