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Accounting Method

Important

Information and features vary according to the roles to which you belong and the permissions associated with those roles. For more information, contact your module manager or your campus support team.

The Accounting Method setting determines which method your organization uses to recognize revenue.

Warning

These settings impact every AR transaction in the system. Work closely with your campus support team to determine which method is best for your institution.

Database Location

Selections for the accounting method are saved in the BU_CONFIG table in the CASH_OR_ACCRUAL column with the following values:

  • 'A' for Accrual

  • 'C' for Cash Based

How To Select the Accounting Method

  1. From the Finance Receivables Administration Hub options, select AR configuration. The AR Configuration Settings page opens.

  2. Click the Edit button and then click the Accounting Method link at the top of the page to navigate to that section.

  3. Select one of the following options.

    • Accrual: With this method, revenue is recognized at the time of billing before payment is received.

    • Cash Based: With this method, revenue is recognized when payment is received.

  4. Click Save changes.