Revenue Reports Should Be Able to Report on Accrual Basis - Currently They Do Not
Group Tours recognizes revenue when the group checks in. But, if a group hasn't paid in full, the revenue report for that day will not show the total order as "recognized" per basic accrual accounting and per how it will post to G/L. Revenue reported by Altru in the standard reports only shows total payments on an order. This would give auditors a field day for sure in terms of management letter comments on how the system doesn't match what it posts to G/L... Not to mention that management can't get accurate revenue numbers without developing manual queries.
Also, the system can't handle the idea that museums sell things in advance, and that those sales need to go to A/R and/or to a deferred revenue account, and be recognized as revenue when the museum actually earns the revenue. The system has to be manipulated with payment codes that will force Altru to generate a proper G/L distribution, but the revenue reports will not report accurate information because of dummy payment codes.
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