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Technology Forum Computer questions? Need Technical assistance? Ask Andy! |
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09-20-2002, 12:12 AM | #1 (permalink) |
Join Date: Jun 13 2002 Location: N CAL
Posts: 365
Rep Power: 22 | Andy, in area of reports what is the difference between revenue and non revenue? When I do monthly comparisions the sales figures are higher when I select non revenue also...this doesn't make sense to me...if it was non revenue it shouldn't make any diference in the dollar amount or am I way off base? Also whem employess clock in what is the difference between clocking in for revenue or not? Since I don't really understand I have all my employees clock in on revenue |
09-20-2002, 05:12 AM | #3 (permalink) |
Join Date: Jan 25 2000 Location: CT
Posts: 1,768
Rep Power: 25 | Revenue = Sales paid by Cash, Check and Credit Card NonRevenue = Sales paid by Gift Certificate, Prepaids, Bonus Bucks and InHouse Charges So using InHouse Charge as an example. The true sale of the product being "paid" (F5-End Sale) by In House Charge is consider Non Revenue. When the InHouse Charge is "paid" by the client via Cash, Check or Credit Card that transaction will be included in Revenue. Reverse for Gift Certificate, when the Gift Certificate is purchased via Cash, Check and/or Credit Card it is included as Revenue "Sales". When the redeeming client purchases service or product using the Gift Certificate as the Method of Payment, that transaction or portion of the transaction to which the Gift Certificate applies is included in Non-Revenue "Sales" Now I did not say that any of this makes sense or is a logical separation of "Sales" ... but that is what Revenue versus Non Revenue is. On the Employee Clock In function. There does not appear to be any impact on the ability an employee to process transactions regardless of whether they "clock in" as Revenue or not. BUT ... this does impact whether the clock in record is flagged as "R" Revenue or "N" Non-Revenue in the Time Clock System File. Then the only secondary impact is when you are running the Time Clock report, if you do no "tick" that you wish to include Non-Revenue records you will only get the record that were flagged as "R" Revenue. Best to have your employees select Yes to that clock in question ... removes any possibility of omitting a record from printing on the Time Clock report. Hope this helps ... |
09-20-2002, 09:45 AM | #4 (permalink) |
Join Date: Jun 13 2002 Location: N CAL
Posts: 365
Rep Power: 22 | So for reporting reasons if I select non revenue also my bottom line will look better because it is actually reporting the gift certificates, in-house etc. twice? once as non revenue then again as revenue if they were paid current or redeemed? |
09-20-2002, 10:08 AM | #5 (permalink) |
Join Date: Jan 25 2000 Location: CT
Posts: 1,768
Rep Power: 25 | Yes, except if you are referring to your bottom line as the money in the bank ... no impact there unfortunately. That is one of the reasons why I suggest using Divison 7 - as Non Sales Revenue and Departments 27 thru 29 as outlined the related document in my ACT Help Center. This way it is easy to exclude (they will be at the bottom of any report sorted by Division and/or Department), the Sales of Gift Certificates, Prepaids and Payments on In House Charges from your sales. Bonus Bucks not so easy. Hope this helps Lee ... |
09-20-2002, 10:36 AM | #6 (permalink) |
Join Date: Oct 23 2000 Location: alabama
Posts: 455
Rep Power: 24 | speaking of in house charges..... I sold some product and used an inhouse to close the sale. They paid for the product 5 days later, when I pull a report it does not show up under the divison I sold it under.. The reason this is important to me is that this particular divison, a nutrition line we carry, I have to prepay the tax so when I figure my sales tax at the end of the month i need to take the taxes off this division. any suggestions Tommy |
09-20-2002, 10:49 AM | #7 (permalink) |
Join Date: Jan 25 2000 Location: CT
Posts: 1,768
Rep Power: 25 | Which Sales Report are you referring to Tommy. If the report selection screen gives you the option to "tick" ... include Non-Revenue, then you need to tick that to get a sale paid by InHouse Charges, Gift Certificate, Prepaids or Bonus Bucks included. In your case the payment later would be included without ticking NonRevenue ... but that would be recorded under the sales code for Payment on Account not the initial product. In your example above the only way you will EVER see the sale for products initial paid by InHouse Charge is to include "Non-Revenue" in your sales reporting. and to clarify ... as Lee (summrtan) stated above by "ticking" include Non-Revenue both the initial sale and the payment will be included in the sales report ... thus the importance of having Payments on Account, Prepaids and the Sales of Gift Certificates easily identified in separate Division and Departments to all allow you to extract this duplication and have complete and meaningful reports under each of the Divisions and Departments related to Services and Products. If you think this is confusing ... imagine trying to review test results and train clients BEFORE I established what the hockey puck was going on with "Non-Revenue". ... thanks goes out to Wayne Moore, south of Syracuse NY for helping me figure out Revenue vs Non-Revenue a few months back. _________________ Andy Thompson ACT Business Solutions Toll-Free 877-777-6717 andy@atso.ca ACT Help Center [ This Message was edited by: Andy @ ATSO.ca on 2002-09-20 10:53 ] |
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