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Step-by-step guide
- Go to the item (ticket) you are setting up and go down to the Deferred Revenue section of the item.
- Check the box for Defer Revenue
- Select AIA 2746 Events Deferred Income for the deferred revenue GL account
- Leave Flex day of the month blank
- SelectSpecific Date as the revenue recognition rule
- Select Jan 1 of the year the event occurs in as the revenue recognition date
- Select No Partial Credit as the revenue recognition term rule
- Select "1" as the revenue term (this means that we will recognize 100% of the revenue in month 1.
- Save the changes
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