Actualizing revenue

In Pay Items, after a bill is sent to a client, you can log revenue you receive so that you can track received revenue.

In the Pay Items register, when you select the Claim Revenue icon, it shows all transactions for all pay items that contain billed revenue that has not been logged as received.

Alternatively, you can right-click on one or more pay items and select Actual revenue details.

 

The Actual revenue details form opens and shows all the selected pay item billed transactions. In the Revenue received column, you can enter the amount of money received by a client. The Revenue received date lets you enter the date the money is received.

You can select from the billed transactions, and then click the Auto Calculate icon to match the total revenue received values with the billed revenue values (everything that has been billed has been received in total).

The revenue is also updated on the Billed History tab in Billed Revenue Details, for a pay item.

After the Actual revenue details form is submitted, the Revenue received (to date) column on the Pay Items form shows the pay item amount received.