What Are Revenue Accounts?

Accounting Definitions and Revenue Accounts

Feature Definition: Revenue Accounts are a way to categorize your products so that your sales and Accounting reports are more accurately reported on.

Benefits: The benefit of setting revenue accounts is so that your sales and accounting reports are broken down into groups such as Food, Alcohol, Retail, Etc. rather than having it group all under the default revenue account called "Sales."

Step 1: Create a new revenue account at the product category level

Step 2: Type in your new revenue account and click "Add Account"

Step 3: Select your new revenue account and his Save

See your revenue account reports under Sales