Select Accounting Style For Location

For all locations who have completed the mandatory update from statements to invoices.

How a location tracks their revenue can be toggled between Cash-based reporting shows sales and revenue figures based on when payment was collected, or Accrual reporting is based on when the member is billed, not when money is collected.

These two styles of accounting produce different results and are recommended to be set by the location during setup.  

To set the account reporting for your location: Navigate to home drop down menu and select settings.

When settings loads, it will take you to the General Page in settings. It is on this page you can see CASH/ACCRUAL REPORTING option. It is on this page you will set and see the option to set which reporting style to use.

With the check box de-selected the normally cash based accrual will track in accrual format. 

On your revenue report you will notice that Revenue by category expresses all billed activity if it was successful, including adjustments.  Adjustments are any credits issued into the system.  

With Accrual Reporting Enabled the revenue by category will express all billed items whether or not they have successfully been paid.

   The revenue by category totals will not match your total revenue at the top of the report since it represents the total collected revenue without adjustments and credits.

Best Practices:

Whenever a change is made on the general settings page be sure to click save, and follow restart prompt.