Recurring Revenue TYFB

Mr. Matthew Demaree

July 08, 2018 16:16

I'm a service based industry but there is no way to calculate TYFB for recurring Revenue. Which in a way would make a big difference in the calculated revenue for our chapter, do I just calculate for 1-year as new?

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• Official comment

  

  Jeremy Walsh

  July 12, 2018 17:56

  @matthew - there is no way to AUTOMATICALLY do recurring revenue.  However, the general rule of thumb is that when you bill it to the client you then also enter a TYFCB slip at the same time.  For example, I have quarterly contracts with many clients - each quarter, I add in a TYFCB to the original referral sources for each of those.

  That said, we will take this as an idea to further optimize this - thank you so much!

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