How Do I Record Miscellaneous Revenue
How you record miscellaneous revenue is dependent on whether or not the revenue is related to a project.
Revenue that is project-related
Usually, the revenue in accounts numbered in the 400 range was created through a project invoice or through Revenue Generation. To have Vision recognize miscellaneous revenue that is project-related, you create an invoice.
Companies usually use a 400-level account to record miscellaneous revenue that is project-related but is not created through a project invoice. Deltek recommends that you do not use this procedure because it can cause an unbilled file reconciliation issue.
To record non-invoice, project-related revenue, select the Enable Option to Updated BTD for Journal Entries to Revenue check box in .
Revenue that is not project-related
To record miscellaneous revenue that is not project-related, such as dividend and interest income, rental income, or provision for income tax expense, Deltek recommends that you use an account whose data is not used to calculate operating profit or loss.
Such accounts are referred to as "below the line" accounts. They are generally in the 800-900 account number range and have names such as "Miscellaneous Revenue." Since account configuration varies among organizations, you must first find out how your organization accounts for miscellaneous revenue that is not project-related.
If, for example, your company has a Miscellaneous Revenue account numbered 811.00, you can record miscellaneous revenue that is not project-related by using either of the following procedures in :
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Make a Cash Receipt transaction to account 811.00. This posts a debit to the applicable cash account and a credit to account 811.00. You cannot enter an invoice number.
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Make a Journal Entry transaction. This posts a debit to the applicable cash account and a credit to account 811.00. This transaction is not shown in the Bank Statement Reconciliation part of Vision.