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Revenue

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Revenue refers to funds generated by your organization that can be added and categorized from predetermined categories. Revenue categories include Donation, In-Kind Donation, Program Fees, Grant, Event, Dues, and Other.

Revenue related to a grant opportunity can also be added directly from the opportunity.

 

Add Revenue

  1. Navigate to Accounting.
  2. Click Revenue on the navigation bar, and then click Revenue.
  3. Click Add Revenue.add revenue button
  4. Complete the applicable Add Revenue fields, and then click Save. In-system asterisks indicate required fields.
    • If the profile associated with the new revenue has an outstanding receivable balance, a Remittance box will appear.
      • If the revenue is not remittance, click Skip & Add New Revenue.
      • If the revenue is remittance, refer to Revenue Remittance for instructions.
    • Receivable - Check the box to indicate that the revenue is receivable. 
    • With Restrictions - Check the box to indicate that the revenue is restricted.
      • Restrictions are typically set by the donor when they indicate a specific intent for their donation.
    • Debit Account - If revenue is categorized as in-kind donation or program fees, a debit account must be selected.
    • Opportunity - Assign revenue to a specific opportunity from the Opportunity drop-down menu.
      • Refer to the information below for additional details on assigning revenue to opportunities.
    • Nondeductible - Check the box if revenue should not be reported as tax deductible.
    • Add Honoree - Check the box if revenue categorized as donation or in-kind donation was made in honor of someone.
      • If this box is checked, additional information about the honoree will need to be entered.
    • Add Soft Credit - Check the box if an additional profile should be credited for the recognition of the revenue.
      • If this box is checked, use the Soft Credit drop-down menu to select a profile.
    • To record an additional revenue line item, click Add and then complete the line item fields.
      • The sum of the line items must equal the overall revenue amount.save button  

When revenue is added, there are some advantages to assigning it to an opportunity. Those advantages include the following:

  • Allows accurate reporting on development strategies.
  • Allows tracking of money coming in that is associated with a specific opportunity.
  • If new revenue is associated with multiple opportunities, the applicable amounts can be assigned to the corresponding opportunities.  

When revenue is received for a specific opportunity, a default revenue account can be set for all incoming revenue assigned to that opportunity. This is particularly helpful for revenue received through the donation hub or an opportunity form.

  1. Navigate to Accounting and click Settings on the navigation bar.
  2. Select the account from the Default Revenue Account drop-down menu for the opportunity for which you want to apply default settings.
    • Services provides additional information about setting default services for opportunities.default revenue account drop-down
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