Revenue Categories Overview

When you enable the Revenue Generation feature, you have the option to track one or multiple unbilled services, uninvoiced revenue, and fee billed revenue accounts using revenue categories.

When you track multiple unbilled services, uninvoiced revenue, and fee billed revenue accounts, you have greater flexibility for additional calculations such as net revenue for labor, net revenue for consultants, and net revenue for reimbursables on your Income Statement. You have more specific data for project reports.

You can have up to five revenue categories for each project. When you run Revenue Generation, Vision performs revenue calculations for each revenue category according to its revenue method.

If you use the Multicompany feature, you enable the revenue category feature individually for each company in your enterprise. However, the labels for revenue categories and the user-defined revenue methods that you set up for revenue categories are applied system-wide to all the companies in your enterprise.