Financial Reporting Setup

Use the Financial Reporting Setup section of the Agency Info page to indicate certain financial reporting information. It is available under Admin > Agency Info > Financial Reporting Setup.

The Financial Reporting Setup displays settings related to revenue, payment, and closing date specifications.

Field Description

Revenue Recognition

Based On

Select either Date of Service or Invoice Date to indicate when the Agency recognizes revenue.

Aging Reports

Select Age from due date or Age based on Date of Service to establish when Receivables age.

Payment Recognition

Indicates when payments are considered received: Posting Date, Deposit Date, or Check Date.

Closing Date for

Revenue

Select the Revenue Closing Date.

Closing Date for

Payment

Select the Payment Closing Date.