Deferred Membership Revenue Report

The Deferred Membership Revenue report is a way for the user to see what revenue is not truly revenue yet.  It is an amount that was received by a company in advance of earning it. The amount unearned (and therefore deferred) as of the date of the financial statements should be reported as a liability.

To get to the Deferred Membership Revenue report the user must go to the green "Reports" tab on the top of any page in the EZFacility system.

EZ Facility TMS - Google Chrome

EZ Facility TMS - Google Chrome

Once inside go to the "Financial Reports" section and click into the blue "Deferred Membership Revenue" report.

EZFacility TMS - Google Chrome

EZFacility TMS - Google Chrome

To set up the report you have three fields to fill out to decide what should be included in the report.

1. Include Liable Membership Contracts Only - If you choose "Yes" the report will include any membership that have items that have been applied to it in the future ( I.E. a payment that has been applied to next month).

2. Include Contracts That Start On or - Choosing the dates the report should pull membership contracts from.

3. Include Deleted Clients - Should the report include clients that have been deleted in the system.

Once these fields are filled out simply hit the "Generate Report" button in step 4.

EZFacility TMS - Google Chrome

EZFacility TMS - Google Chrome

Once the report is generated it will look similar to the report below.

EZFacility TMS - Google Chrome

EZFacility TMS - Google Chrome
  • Member ID: Client's Membership #
  • Name: Client's Name
  • Start Date: Membership Start Date
  • Length of contract: Term Length, calculated as follows:        
  • Total Billed: Total billed amount for the entire contract, including the Initiation Fee billed item and all Membership Fee billed items
  • Total Paid: Total sum amount paid/applied to all billed items for the contract
  • Recognized: Total amount applied from start date to current date. In other words, total amount applied to items with a revenue date in the past including revenue date of today.
  • Remaining: (Total paid - Recognized). In other words, total amount applied to items with a revenue date in the future, not including revenue date of today.
  • Recognized this month: Total amount applied to the current month. In other words, total amount applied to billed items with a revenue date within the current month (first day of current month to last day of current month)

 

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