The Summary Accrual Revenue Report records multiple locations’ invoices whose initial transactions have earned a ‘Success’ or ‘Pending Success’ status from ABC. This report allows Club Owners and Admins to see, at once, the total earnings billed to Members and refunded invoices within a designated date range for every location in which the user has access. It is a tool in accrual-based accounting.
Invoices are listed in order of ascending, successful Attempt Dates. This report is filterable by Date Range, Location and Employee. For steps on how to access, filter, and schedule the report, click here.
As an invoice’s status shifts, the Accrual Revenue Report updates its records accordingly.
Example: On 8/30, Micah’s invoice possessed a ‘Pending’ status. On 9/2, Micah’s invoice settled -shifting its status to ‘Paid’. As a result, Micah’s invoice’s status will now always appear with the Accrual Revenue Report as being ‘Paid’.
When a paid invoice results in a refund, a second, separate invoice gets created. The initial invoice will keep its ‘Paid’ status and gain a Refund Invoice Number. The new invoice, too, will possess a ‘Paid’ status -however, its Total ($) will display a negative number.
Neither invoice appears alongside each other within the report. Rather, each appears strictly within reports depicting the date in which their action actually occurred.
Example: Oliver’s initial invoice billed on 2/1. It refunded on 3/1. To run the Accrual Revenue Report for February would not display Oliver’s refunded invoice. Similarly, March’s Accrual Revenue Report would not contain Oliver’s initial, paid invoice. However, were the Accrual Revenue Report made to depict both February and March, the report would include both invoices.
A Chargeback/Return will only appear on a report containing the date in which the invoice’s initial, successful transaction occurred.
Example: Candice’s initial invoice billed on 11/20. Her bank issued a Chargeback on 12/2. To run the Accrual Revenue Report for December would not display Candice’s Chargeback invoice. However, November’s Accrual Revenue Report would.
This report consists of two tables: 'Total Revenue by Payment Type', and 'Total Revenue by Payment Status'. All locations are listed alphabetically.
Table One: Total Revenue by Payment Type
This table is comprised of four sections:
Note: Only Members who have previously purchased an agreement (similar or otherwise) will populate
Note: Both ‘New’ and ‘Renew’ Members will populate this section.
Furthermore, each section is comprised of five columns:
Note: Here, payment types are divided into two categories:
Table Two: Total Revenue by Payment Status
This table summarizes the status of the costs the club billed out within the report's depicted dates.
Such sections include: