Change Revenue Generation to Track One Unbilled Account

If you currently track multiple unbilled services and uninvoiced revenue accounts with revenue categories, you can switch to track one set of accounts.

To track one set of accounts:

1. On the Navigation menu, click Settings > Accounting > Company .
2. On the Revenue tab, clear the Enable tracking for this many revenue categories check box. The Unbilled Services and Uninvoiced Revenue fields prefill with the accounts from the first revenue category (Labor) that you entered in Settings > Accounting > Company for tracking multiple accounts.
3. Modify the settings on the Revenue tab. After you save these settings, DPS shows these changes:
   • The six standard revenue methods display in the Standard Methods grid on the User Defined Revenue form in Settings > Advanced Accounting > User Defined Revenue.

     The user-defined revenue methods that previously had a Labor revenue category display in the User Defined Methods grid. The Category column does not display in the grid.

   • On the Budget & Revenue tab of the Projects hub (desktop), the Revenue Method field displays the revenue method from the first revenue category (Labor) in the Revenue Categories section on that tab. The Revenue Categories section does not display.
4. Review the calculation formula for each revenue method. Most likely, you must adjust the calculation to make it applicable for all of the project's revenue instead of one revenue category for the project.
5. Review the balance in the unbilled services account on the Balance Sheet.   Most likely, you must make a journal entry to adjust the balance.