Change Revenue Generation to Track One Unbilled Account

If you currently track multiple unbilled services and uninvoiced revenue accounts with revenue categories, you can switch to track one set of accounts.

To track one set of accounts, complete the following steps:

1. From the Vision Navigation menu, click Configuration > Accounting > Company Settings.
2. On the Revenue tab, clear the Enable tracking for this many revenue categories check box.

   The Unbilled Services and Uninvoiced Revenue fields prefill with the accounts from the first revenue category (Labor) that you entered in Accounting Company Settings for tracking multiple accounts.

3. Modify the settings on the Revenue tab.
   After you save these settings, Vision shows these changes:

   • On the User Defined Revenue form in Configuration > Accounting > User Defined Revenue, the six standard revenue methods display in the Standard Methods grid.

     The user-defined revenue methods that previously had a Labor revenue category display in the User Defined Methods grid. The Category column does not display in the grid.

   • On the Budget & Revenue tab of the Project Info Center, the Revenue Method field displays the revenue method from the first revenue category (Labor) in the Revenue Categories section on that tab. The Revenue Categories section does not display.
4. Review the calculation formula for each revenue method.

   Most likely, you must adjust the calculation to make it applicable for all of the project's revenue instead of one revenue category for the project.

5. Review the balance in the unbilled services account on the Balance Sheet.  

   Most likely, you must make a journal entry to adjust the balance.