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Prepaids at time of purchase checkbox on Daily Revenue Report

This article will look at how revenue on the Daily Revenue report is calculated when the "Prepaids at time of purchase" checkbox is checked and unchecked. 

Prepaids at time of purchase checkbox - Checked

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Item

Time of Purchase

Time of Use

Gross Revenue

Net Revenue

Gross Revenue

Net Revenue 

Service

Recognized at the retail rate

Retail rate minus service discount





Product

Recognized at the retail rate

Retail rate minus product discount





Class

Recognized at the retail rate

Retail rate minus class discount





Gift card 

Recognized purchase

Recognized purchase

Retail revenue recognized from service/product/class

Subtract out prepaid revenue (Portion that is used)

Package

Recognized purchase 

Recognized purchase

 





Service/Product/Class in Package





Recognized at the package item price

Subtract out prepaid revenue 

Membership 

Recognized purchase

Recognized purchase



 

Service/Product/Class in Membership





Retail revenue recognized from service/product/class

Subtract out prepaid revenue from ticket

Membership service/product/class discount

 

 

Recognize at the retail rate

Retail rate minus membership discount 

Membership Dollar Credit

 



Revenue recognized from service/product/class

Subtract out prepaid revenue from the ticket (Portion that is used)

Cancellation fees

Recognized in full

Recognized in full minus discount





Environmental fees

Recognized in full

Recognized in full minus discount





Discount



Subtract from gross revenue





Refunds



Subtract from gross revenue



 

 

 

Prepaids at time of purchase checkbox - Unchecked

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When the "Prepaids at the time of purchase" checkbox is unchecked, the Gift Cards and Prepaid columns will not be visible.

Item

Time of Purchase       

Time of Use

Gross Revenue

 

Net Revenue            

Gross Revenue

Net Revenue

Service

Recognized at the retail rate

Retail rate minus service discount



 

Product

Recognized at the retail rate

Retail rate minus product discount



 

Class

Recognized at the retail rate

Retail rate minus class discount



 

Gift card 

No impact on revenue (i.e gift card column is not shown)

No impact on revenue

Retail revenue recognized from service/product/class

Retail revenue recognized from service/product/class

Package

Recognized purchase

Recognized purchase minus discount





Service/Product/Class in Package





No impact on revenue

No impact on revenue

Membership 

Recognized purchase minus dollar credits 

Recognized purchase (minus dollar credits) minus discount



 

Service/Product/Class in Membership





No impact on revenue

No impact on revenue

Membership service/product/class discount

 

 

 

Recognize at retail rate

Retail rate minus membership discount

Membership Dollar Credit

 



Retail revenue recognized from service/product/class

Retail revenue recognized from service/product/class

Cancellation fees

Recognized in full

Recognized in full minus discount



 

Environmental fees

Recognized in full

Recognized in full minus discount



 

Discount



Subtract from gross revenue





Refunds



Subtract from gross revenue





 
 
If you have any questions, please contact our Support Team at support@mytime.com.  
 
 
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