Difference between revisions of "Recognizing Deferred Income"

From Support Wiki
Jump to: navigation, search
(Created page with "<div xmlns="http://www.w3.org/1999/xhtml"> <div style="text-align: left;">Table of Contents | ChamberMaster_Billing-Integrated_B...")
 
m
Line 1: Line 1:
<div xmlns="http://www.w3.org/1999/xhtml">
+
===What is the Recognized Income checkbox that appears when I create invoices?===
  <div style="text-align: left;">[[ChamberMaster_Billing-TableOfContents|Table of Contents]] | [[ChamberMaster_Billing-Integrated_Billing_FAQs|Previous]] | [[ChamberMaster_Billing-What_does_the_Associate_with_Event_button_do_3f|Next]] | [[ChamberMaster_Billing-Index|Index]]</div>
+
 
  <div style="color: #999999; font-family: sans-serif; font-size: 10pt; text-align: left;">
+
Those that recognize income on a deferred basis have an option to defer income on any invoice line item. A checkbox appears on invoices that allows you to specify the number of months that the income should be recognized over.
    <span>[[ChamberMaster_Billing-Integrated_Billing_FAQs|Integrated Billing FAQs]]</span> : What is the Recognized Income checkbox that appears when I create invoices?</div>
+
 
  <hr />
+
[[Image:ChamberMaster_Billing-What_is_the_Recognized_Income_checkbox_that_appe-FAQ_billing.2.2.1.jpg]]
  <div style="color: #808080; font-family: Cambria; font-size: 18pt; margin-bottom: 12pt;"><span id="wwpID0EVFA">What is the Recognized Income checkbox that appears when I create invoices?</span></div>
+
 
  <div style="font-family: &quot;Times New Roman&quot;; font-size: 11pt; margin-bottom: 12pt;"><span id="wwpID0EUFA">Those that recognize income on a deferred basis have an option to defer income on any invoice line item. A checkbox appears on invoices that allows you to specify the number of months that the income should be recognized over. </span></div>
+
Recognition of this income would begin on the Invoice date and be displayed on recognition reports such as '''Recognized Income Detail''' and '''Recognized Income Summary''' in the '''Billing''', '''Reports''' tab. This report also could report the deferred income based on Due Date as well.  Previously, recognized income was only possible with membership fees and due items. This selection makes it possible to recognize deferred income for any invoiced item.
  <div style="font-family: &quot;Times New Roman&quot;; font-size: 11pt; margin-bottom: 12pt; margin-left: 54pt; text-align: justify;"><span id="wwpID0ETFA">[[Image:ChamberMaster_Billing-What_is_the_Recognized_Income_checkbox_that_appe-FAQ_billing.2.2.1.jpg]]</span></div>
+
 
  <div style="font-family: &quot;Times New Roman&quot;; font-size: 11pt; margin-bottom: 12pt;"><span id="wwpID0ESFA">Recognition of this income would begin on the Invoice date and be displayed on recognition reports such as </span><span style="font-weight: bold;">Recognized Income Detail</span> and <span style="font-weight: bold;">Recognized Income Summary</span> in the <span style="font-weight: bold;">Billing</span>, <span style="font-weight: bold;">Reports</span> tab. This report also could report the deferred income based on Due Date as well.  Previously, recognized income was only possible with membership fees and due items. This selection makes it possible to recognize deferred income for any invoiced item.</div>
+
[http://www.screencast.com/t/tryIhLzm8yQ Watch a short video on how this works]
  <div style="font-family: &quot;Times New Roman&quot;; font-size: 11pt; margin-bottom: 12pt;"><span style="color: #003366; text-decoration: underline;"><span id="wwpID0ERFA">[[http://www.screencast.com/t/tryIhLzm8yQ|Watch a short video on how this works]]</span></span> - [[http://www.screencast.com/t/tryIhLzm8yQ|[[Image:ChamberMaster_Billing-What_is_the_Recognized_Income_checkbox_that_appe-FAQ_billing.2.2.2.jpg]]]]</div>
+
</div>
+

Revision as of 05:57, 30 October 2015

What is the Recognized Income checkbox that appears when I create invoices?

Those that recognize income on a deferred basis have an option to defer income on any invoice line item. A checkbox appears on invoices that allows you to specify the number of months that the income should be recognized over.

ChamberMaster Billing-What is the Recognized Income checkbox that appe-FAQ billing.2.2.1.jpg

Recognition of this income would begin on the Invoice date and be displayed on recognition reports such as Recognized Income Detail and Recognized Income Summary in the Billing, Reports tab. This report also could report the deferred income based on Due Date as well. Previously, recognized income was only possible with membership fees and due items. This selection makes it possible to recognize deferred income for any invoiced item.

Watch a short video on how this works