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
Once inside go to the "Financial Reports" section and click into the blue "Deferred Membership Revenue" report.
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
Once the report is generated it will look similar to the report below.
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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