Setting up your revenue journals for the first time? Start with How to Set Up Revenue Recognition Reporting and Automated Revenue Journals.
Use the three dots at the top right of any revenue journals page to set up or change your settings for revenue recognition.
You will see options to change
- balance sheet account(s) for deferred revenue
- Balance sheet account for accrued revenue
- Use of Xero Tracking Codes or QuickBooks Classes and Locations
- Journal start date
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How to Set Up Revenue Recognition Reporting and Automated Revenue Journals