You asked for more clarity, and we delivered! You can now click on Deferred Revenue Liability in the Balance Sheet to open a detailed breakdown of how the total was calculated.
🤩 What’s New?
Interactive Report Access: Clicking on Deferred Revenue Liability takes you to a report showing the transactions that contribute to the total.
Filters for Deeper Insights: Narrow down by date, location, or category (e.g., Product Sales, Install Sales, Protection Plan Sales, Delivery Fees).
Consistent Totals: The Deferred Revenue Total at the top matches the balance sheet value for accuracy.
Detailed Columns: See order dates, numbers, locations, categories, and amounts for a complete understanding of your deferred revenue.
😆 Why You’ll Love It: Get transparency into deferred revenue with just one click, making it easier to analyze and track financial details.
We’ve overhauled how deferred revenue is calculated to make it more accurate and intuitive.
🤩 What’s New?
Line-Item Tracking: Each appliance, installation fee, and protection plan is now tracked as Deferred Revenue until delivery.
Non-Line-Item Revenue: Fees like delivery charges are deferred until the last item in the order is delivered.
Partial Deliveries: Revenue is recognized only for delivered items, ensuring precise tracking.
Example:
Order: Two appliances ($5,000 each), protection plans ($200 each), installation ($300 each), and a $150 delivery fee.
Deferred Revenue: $11,150.
Appliance A delivered: Recognize $5,500.
Appliance B delivered: Recognize $5,500 and the $150 delivery fee.
😆 Why You’ll Love It: This update ensures revenue is accurately tracked and recognized, reflecting real-world deliveries and improving financial reporting.
!! The video below contained Deferred Revenue updates !!
Deferred Revenue Breakdown: Unveiling Pricing for Products, Services, and All Associated Charges"We’ve updated some key financial terms across the platform to align with industry standards:
Internal Credit Line ➔ Customer Line of Credit
Customer Deposits ➔ Refundable Deposits
Store Credit ➔ Customer Credit
🤔 Why This Matters: These changes make financial terms easier to understand and align with common industry practices, improving clarity for all users.
New Financial Terms in Appliance.ioGet more accurate insights with a new Condition Filter in the Sales by Product report.
🤩 What’s New?
Filter by product condition, such as "Out of Box," "New," etc., directly from Settings.
Automatically exclude returns and replacement models from the report, ensuring only revenue-generating items are included.
😆 Why You’ll Love It: Easily analyze sales by condition while excluding non-revenue items for more meaningful insights into profitability.
New Filter Alert: Condition Added to Sales by Product Report!