Transaction Report Updates 01/10/18

1. The Transactions report will now contain a cover sheet that summarizes the parameters of the report, including Which reporting method was chosen, who generated the report, when it was generated, what date range was selected, and which listings the report applies to. Here's an example of what that will look like:

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2. A few columns have been renamed, these changes have been implemented to make the report easier to understand, as well as to align our terminology with Generally Accepted Accounting Principles (GAAP). 

  • Date is now Transaction Date
  • Revenue is now Gross
  • Earnings is now Net

3. Refunds to Store Credit are now reported with more information.

  • Moving forward, when you issue a refund to Store Credit you will now see a negative value row in your transaction report that cancels out the original payment method as well as a positive value row named Store Credit that reports the amount of income you're retaining due to the issuance of store credit (as opposed to a traditional refund, where you do not retain that income).
  • If multiple payment methods were used on the same booking (credit card and cash, for example) and you issue a refund to store credit, you will now see multiple negative value rows in your transactions report that negate the different payment methods, as well as multiple positive value rows that represent the amount of income you're retaining due to the issuance of store credit. Previously, these were handled in a single row. 
  • For more details on this scenario, see this article on the Transactions Report Explained. 

4. When Gift Certificates and Store Credits are redeemed, they are now reported with more information

  • When a Gift Certificate or Store Credit is redeemed, you will now see a negative value row in your transaction report that represents a decrease in the balance of that Gift Certificate or Store Credit.
  • For more details on this scenario, see this article on the Transactions Report Explained

5. Additional columns have been added to Recognized earnings based Transaction Reports to help understand what amounts have been recognized when. These columns will not show up in cash flow based reports.

  • You will now see a column named Recognized in Period. This is the amount of money associated with the transaction that can be attributed to an event that took place within your report's date range. 
  • You will now see columns named Previously collected. These represent amounts that were collected before your report's date range.

  • You will now see columns named Collected in period. These represent amounts that were collected within your report's date range.

 



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