Master Records > Revenue Code > Set Up Revenue Code

The Revenue Code Maintenance function allows you to create and set up a new revenue code record. This same function also allows you to amend or delete existing revenue code records.

To create a revenue code record, perform the following:

1.Access the Revenue Code function from the General Maintenance group under the Maintenance menu in Accounts Receivable or Sales Order modules. Click the New button to create a new Revenue Code record.

If you are accessing this function for the very first time and there are no existing Revenue Code records, the Create Revenue Code screen is automatically displayed; otherwise, the Search screen is displayed when this function is accessed.

2.In the Revenue Code field, enter a code that you want to assign to the new revenue code. This field accepts alphanumeric characters. For your convenience, choose a code that is easy to remember and helps you identify what transactions this revenue code will be used for. Once a valid code is entered in this field, the rest of the fields on this page is enabled.

3.Enter a brief narrative description of the pay code to help you identify revenue code in the Description and Short Description fields.

Note: AccountMate will not allow you to save the record if no value has been entered in the Description and Short Description fields.

4.In the Accounts section, enter in the available fields the appropriate GL account IDs that you want to assign to the following accounts. Alternatively, you may click the List box button beside each field to select the appropriate GL account ID from the list:

•Sales Revenue

•Sales Return

•Sales Discount

•Cost of Goods Sold

•Cost Variance

5.When you are ready, click the Save button to save your entries; otherwise, click Cancel.

Set Up Revenue Code

Set Up Revenue Code

See Also