Reporting and Operations

Revenues/Deferred Revenue

Size of Organization: 
  • Establish policies for revenue recognition.  Certain types of revenue (including: dues; subscriptions; and meeting registration fees) may be received in advance of the product or service being delivered.
  • All revenue entries should be reviewed by someone with knowledge of the associated guidance before posting to the general ledger.
  • If there are revenue systems (meeting registration, dues billing, publications management, etc.) that are not integrated with the general ledger reconcile the cumulative system balances with the general ledger each month.