Welcome to the Help Center

Revenue at Time of Purchase and Revenue at Time of Use Filter on Reports

This article will examine how revenue is calculated on reports when the "Revenue at Time of Purchase and Revenue at Time of Use" filter is used.

Things to know:

  1. Revenue at time of use and revenue at time of purchase filters are visible on the following reports:
  2. If Time of Purchase is selected, a prepaid column is displayed in reports and services that were paid for with a prepaid membership, package, or gift card are deducted from the net revenue column. If Time of Use is selected, then no prepaid column is shown since revenue isn’t counted until the membership, package, or gift card is used.

Revenue at Time of Purchase Filter

Reports-MyTime__2_.png
    Gross Revenue  Net Revenue
Services   Recognize at retail rate Retail rate minus service discount
Products   Recognize at retail rate Retail rate minus product discount
Classes   Recognize at retail rate Retail rate minus class discount
Membership fees   Recognize purchase Recognize purchase minus discount
Use of membership service/product/class credits   Retail revenue recognize from service/product/class Subtract prepaid revenue
Membership service/product/class discount   Retail revenue recognize from service/product/class Retail rate minus membership discount
Use of membership value credits   Retail revenue recognized from service/product/class Subtract prepaid revenue (Portion that is used)
Package with expiry - purchase   Recognize purchase Recognize purchase minus discount
Use of package with expiry - service credit   Recognize at the package item price Subtract prepaid revenue
Use of package with expiry - product credit   Recognize at the package item price Subtract prepaid revenue
Use of package with expiry - class credit   Recognize at the package item price Subtract prepaid revenue
Package without expiry - purchase   Recognize purchase Recognize purchase
Use of package without expiry - service credit   Recognize at the package item price Subtract prepaid revenue
Use of package without expiry - product credit   Recognize at the package item price Subtract prepaid revenue
Use of package without expiry - class credit   Recognize at the package item price Subtract prepaid revenue
Gift card purchase   Recognize purchase Recognize purchase minus discount
Use of gift card for Service/product/class   Retail revenue recognized from service/product/class Subtract prepaid revenue (Portion that is used)
Cancellation fees   Recognize in full Recognized in full minus discount
Environmental fees   Recognize in full Recognized in full minus discount
Refunds     Subtract from gross revenue
 

Revenue at Time of Use Filter 

Reports-MyTime__1_.png
 
The Gift Card and Prepaid columns will be hidden
    Gross Revenue Net Revenue
Services   Recognize at retail rate Retail rate minus service discount
Products   Recognize at retail rate Retail rate minus product discount
Classes   Recognize at retail rate Retail rate minus class discount
Membership fees   Recognize fees minus value credits. Ignore time period, i.e. even fees paid for the whole year are recognized immediately Recognize fees minus value credits. Ignore time period, i.e. even fees paid for the whole year are recognized immediately
Use of membership service/product/class credits   No impact on revenue No impact on revenue
Membership service/product/class discount   Recognize at retail rate Retail rate minus membership discount
Use of membership value credits   Retail revenue recognized from service/product/class Retail revenue recognized from service/product/class
Package with expiry - purchase   Recognize purchase Recognize purchase minus discount
Use of package with expiry - service credit   No impact on revenue No impact on revenue
Use of package with expiry - product credit   No impact on revenue No impact on revenue
Use of package with expiry - class credit   No impact on revenue No impact on revenue
Package without expiry - purchase   Recognize purchase Recognize purchase
Use of package without expiry - service credit   No impact on revenue No impact on revenue
Use of package without expiry - product credit   No impact on revenue No impact on revenue
Use of package without expiry - class credit   No impact on revenue No impact on revenue
Gift card purchase   Do not recognize (Gift Card column is hidden) Do not recognize (Gift Card column is hidden)
Use of gift card for Service/product/class   Retail revenue recognized from service/product/class Retail revenue recognized from service/product/class minus discount
Cancellation fees   Recognize in full Recognized in full minus discount
Environmental fees   Recognize in full Recognized in full minus discount
Refunds     Subtract from gross revenue
 
 
If you have any questions, please contact our Support Team at support@mytime.com.  
 
 
Powered by Zendesk