Receivables Management Resources
Revenue Accounting
When a customer invoice is generated, the approved invoice creates a debit to Accounts Receivable and a credit to Revenue. The revenue is booked to the worktags on the contract, specifically, the worktags associated with the contract line used when creating the invoice. The revenue can be viewed in GMS by running a budget-to-actuals report and reviewing the ‘Other Sources of Revenue’ for the dates the invoices were generated.