Booking Revenues

April 26, 2014. “Booking Different Revenues”.  Thanks to Lawrence Cheung CPA’s question about the automatic revenue booking under the JE Template.  The current JE Template allows only one entry to the revenue account.  However, the Billing Codes already preset with the designated account for booking purpose.  All we need to do is to change the program and ask the computer to look for that Billing Code account first.  If there is already an account existed, the computer will pick that one up.  If not, then use the default revenue account.  By doing so, different sets of revenues will be allocated to the proper chart of accounts.  That will save a lot of time in doing the journal entry adjustment in the future.  Thanks to Lawrence Cheung’s accurate observation!