Enable and Set Up Revenue Categories

If your firm wants to use the optional revenue categories feature, you need to enable and set up revenue categories.

When you enable the Revenue Categories feature, the Revenue Categories section (with a revenue method field for each revenue category) displays instead of one Revenue Method field in the following locations in Vision:

• Budget & Revenue tab in the Project Info Center

• Revenue Groups form in Accounting > Revenue > Revenue Groups

To enable and set up revenue categories, complete the following steps:

1. From the Vision Navigation menu, click Configuration > Accounting > Company Settings.
2. On the Revenue tab, click the Enable tracking for this many revenue categories check box.
3. Enter the number of revenue categories that you want to track in the field beside this check box.
4. For each revenue category, enter an unbilled services and uninvoiced revenue account.
5. Click Save.
6. You can rename the label for any of your revenue categories by changing the Revenue Method 1 – 5 system labels on the Labels tab in Configuration > General > System Settings.
7. Assign a revenue category for each invoice revenue account on the Invoice Mapping Accounts tab in Configuration > Accounting > Accounts Receivable.