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Marketplace Newsletter

Fiscal Year-End: Transition to Revenue Detail Codes

It is up to the department to ensure the correct detail code is being used behind each product.

With fiscal year end approaching, Fiscal Services wants to remind departments with uStores/uPay sites that use deferred revenue detail codes to ensure deferred detail codes are changed to revenue detail codes as of Friday, July 1, 2022.

Review the Deferred Revenue Guide for instructions on updating your product to a deferred account as well as changing products back to revenue detail codes for the new fiscal year.  This change can be set up in advance under Status Management to automate these scheduled changes. Be sure to add this information to your annual process procedures for TouchNet uStore/uPay management.