Financial Reporting Setup

The Financial Reporting Setup section indicates certain financial reporting information.

Agency Profile_Financial Reporting Setup

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.