Hi Folks!
Had a conversation with our accounting manager and our box office manager this morning as we get ready for our up coming season build and selling season tickets. I wanted to check in here to see how other orgs handle their deferred revenue. We will start our selling of our Subscriptions in April, but our fiscal doesn't start until July 1. Currently how we handle deferred revenue is that until our fiscal switches over, everything coming though on the GL summary reports that is coded to the next fiscal our Accounting Manager moves manually in Sage to a deferred revenue GL, but we have everything moving through Tessitura into the correct GL's for subscriptions, single tickets, etc.
Just wondering how other people handle this and if you have a more fun, less manually way!
Thanks,
Nicki
Hi Nicki,I believe our Finance department makes a manual transfer in the accounting system at the appropriate time. I won't horrify you with how it was dealt with prior to my arrival!
Hahah, I feel like that's a chat over a drink at TLCC!
I keep saying I should host an Open Space discussion on "DB Managers, tell us your horror stories"
200% would attend.