Revenue Departments
Revenue Departments are used to group various product sales together. Revenue Departments can be as specific or generic as you desire. For example, a generic Revenue Department of all telephones that are sold may be called “PHONES”. A more specific Revenue Department may be called “MOTOROLA_PHONES,” with each brand of phone having it’s own Revenue Department.
To access Revenue Departments from the menu bar of the main TeleTracker Online screen, click Master Files, then Departments. To create a new Revenue Department, click on New button located on the toolbar. To open an existing Revenue Department, select the Department from the Revenue Department Master File list and click the Open button.
Code
: This
field is the unique name used to identify each individual Revenue Department.
Description
: This
field is used to further describe your Revenue Department code.
Return Period
: Products
assigned to this Revenue Department cannot be returned if after the configured
number of days set in this field. TeleTracker
Online will provide the option to have a User with the proper security
level to override the return period setting.
Minimum Profit
: All
products assigned to this Revenue Department can be configured for a minimum
profit amount when they are placed on the Invoice. Both
the Flat Amount and Percentage
will reference the cost assigned to the item on the Purchase Order or
Inventory Adjustment to calculate the appropriate profit.
General Ledger Information
: These
fields are required if you are Synchronizing with QuickBooks. If
you are NOT synchronizing with QuickBooks populate this field with the
provided default account: 9999-TELETRACKER
SUSPENSE GL CODE. Please
visit the QuickBooks help file for
further information regarding your General Ledger Accounts and synchronizing
with QuickBooks.
Restocking Fee
: The
Restocking Fee is a fee applied to the customer on the customer return.
Select
Flat Amount or Percentage
and enter the appropriate value. The
Restocking Fee will be applied to all products being returned belonging
to the Revenue Department.
Assigning specific Revenue Department codes to your various products and services will insure accurate and useful revenue reporting throughout TeleTracker Online. Look for Revenue Department filters in Reports such as the Invoice and Product Profit & Loss.
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