This report can be printed in two formats; Summary and Detail.
The Summary version (shown below) shows you the payment credit allocation totals across the various A/R Subaccounts. These totals show you how dollars associated with posted Payments were distributed to the subledger to offset outstanding charges.
Both reports are very useful in providing insight into what services generated the revenue. . This is slightly different then simply looking at the charges generated because charges don't always result in payments.
The report subdivides the payment credits into the different A/R subaccounts that were impacted so you can see exactly which service accounts were credited with the revenue. These payment credits are then further separated into two categories. a) Curr Payments and b) Prepayments. This allows you to see where the dollars came from when they were allocated.
- "Curr. Payments" represents payment
credits from payments received in this Accounting Period
- "Prepayments" represents payment credits originally from overpayments
received in prior periods
This distinction may not be significant in most situations and you will probably be most interested in the combined total. However, if you are trying to audit the books the distinction may be helpful since the "Curr.Payments" dollars should exactly equal the Payment Receipts for the period.
If you are more interested in the actual Payment Receipts rather than the Payment Credits allocated as a result of those receipts then the Payment Receipt Analysis reports may be more appropriate for your needs.
Subaccounts are completely definable by you from the Chart Of Accounts Definition section. This report will always reflect the subaccounts YOU have defined for your particular school. For example, if you have defined several Tuition accounts in addition to what is shown here to further track tuition revenue (e.g. Infant Tuition, Pre-K Tuition, etc.) then this report would reflect those details.
Accessed from:
1) Central Report Manager
Sort Order options:
1) None
Selection Criteria:
1) Specific Fiscal Year and Accounting Period