Managing revenue accounts

About revenue accounts

The Revenue Accounts tool is used to track and manage separate revenue streams (such as event revenue and membership dues) and exporting data to accounting systems (IIF Quickbooks file or CSV).

To manage revenue account settings, follow these steps:

1. Navigate to the Financial module and select the Invoices tab.
2. Select the Revenue Account icon on the Payment Management screen.

Creating and editing revenue accounts

To edit a revenue account, hover over the account in the list and select EDIT. Update the account fields as necessary and save your changes.

To create a new revenue account, follow these steps:

1. Select ADD A NEW REVENUE ACCOUNT.
2. Name the account.
3. Dues Revenue:
   1.  On: Transactions won’t be included in the Aged Receivables graph on the Admin    Dashboard.
   2. Off: Transactions will be included.
4. Account Type (Accrual/Cash): Select the method that aligns with your organization's accounting (i.e., whether you recognize accounts receivable).
5. Accounting Fields: Input your Sale/Payment Credit and Debit accounts. Use the exact account names from your accounting system to ensure proper import.
6. QuickBooks Class: Input the associated QuickBooks class (optional) you want to use to categorize this income.
7. Description: Provide any necessary details; you may include the account number here.

Tying a revenue account to a member type

When creating or editing a member type, link the appropriate revenue account for renewal payments under the Renewal Payments Settings section.