Revenue refers to funds generated by your organization that can be added and categorized from five predetermined categories. Revenue categories include Donation, In-Kind Donation, Program Fees, Receivable/Invoice, and Other.
Add Revenue
- Navigate to Accounting.
- Click Revenue on the navigation bar, and then click Revenue.
- Click Add Revenue.
- Enter the applicable Add Revenue information. Asterisks indicate a required field.
- If the profile associated with the new revenue has an outstanding receivable balance, a Remittance box will appear.
- If revenue is not remittance, click Skip Remittance Step and proceed to step 5.
- If revenue is remittance, enter the applicable Remittance information, click Apply Remittance, and then click Add Revenue.
- If revenue is not remittance, click Skip Remittance Step and proceed to step 5.
- If the profile associated with the new revenue has an outstanding receivable balance, a Remittance box will appear.
- Select the category from the Category drop-down menu.
- Enter the remaining Add Revenue information, and then click Add Revenue.
- Add a payment method by selecting the payment method from the drop-down menu.
- Enter Payment Method Details in the text box to the right of the payment method drop-down menu.
- If revenue is categorized as in-kind donation or program fees, a debit account will need to be selected.
- 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.
- Check the Non Deductible box if revenue should not be reported as tax deductible.
- Check the Add Honoree 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.
- Check the Add Soft Credit 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.
- If this box is checked, use the Soft Credit drop-down menu to select a profile.
- Add a payment method by selecting the payment method from the drop-down menu.
Assign Revenue to an Opportunity
When revenue is added into your site, there are some advantages to assigning revenue to an opportunity. Those advantages include the following:
- The ability to accurately report on your nonprofit's unique development strategies.
- Allows your nonprofit to track money coming in that is associated with a specific opportunity.
- If new revenue is associated with multiple opportunities, your nonprofit can assign different amounts of the revenue to the respective opportunity.
Set a Default Revenue Account for an Opportunity
When your nonprofit receives revenue for a specific opportunity, you have the ability to set a default revenue account for all incoming revenue assigned to that opportunity. This is particularly helpful for revenue received through the donation hub or an opportunity form.
- Navigate to Accounting and click Settings on the navigation bar.
- 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.
- Services provides additional information about setting default services for opportunities.