Non-consulting revenues are all revenues that a project can generate other than the revenues generated by billed worked hours. They can include sales, interests received on investments, etc. They are categorized in two broad Categories: Operating and Non-operating. Non-consulting revenues can be single occurrence ones or recurrent. Recurrent revenues can also be amortized in which case the amount associated with received payments will be evenly split on the payment period.
FOLIO uses a classic categorization of revenues to better structure your income. Every revenue belongs to one of two main categories: Operating and Non-Operating. You should define revenues in their appropriate category so that you can later get relevant information about the categories themselves, like the total operating revenues. OperatingOperating revenues are the day-to-day revenues earned during the execution of a project, such as the consulting services and inventory sales. Non-OperatingNon-Operating revenues are the portion of an organization's income that is derived from activities not related to its core operations. Non-operating revenues would include such items as dividend income, profits (and losses) from investments, gains (or losses) incurred due to foreign exchange and asset write-downs. Non-consulting revenues can be defined to be recurrent using the Recurrence dialog that appears when clicking the Edit link of the Recurring field in the revenue edition dialogs. See Recurrence for more information. Recurrent revenues can be amortized in which case their received payments will be evenly spread upon their recurrence period. For instance, a monthly amortized revenue of 1,200$ that is defined to recur for 1 year will result in 12 received payments of 100$ each occurring once a month. See the Revenue Calculation section below for more examples on amortized expenses. Expenditures and revenues can be defined to occur outside of a Folio's time frame. Consequently, you can specify:
In any of the above situations, a warning indicator will be displayed next to the expenditure or revenue name and in the detailed panel when the item is selected. Note that only the payment occurrences that happen inside the Folio's time frame are taken into account when calculating costs and revenues at a given date. Changing the start date or end date of a Folio can thus affect the number of payments included in calculations. Note also that if the Estimated date of completion of the Folio is later than the planned end date, then the payments occurring after the planned end date will appear in the forecast graph.
Revenue CalculationThe amount of a non-consulting revenue is calculated by multiplying its payment amount by the number of payments. Amoun = Number of payments x Payment amount The number of payments depends on the recurrence definition for that revenue and the Folio's time frame. Only revenues occurring (inclusively) between the Folio's start and end dates (see Folio Configuration) are taken into account. Note also that non-working days are not taken into account (e.g. a rent income won't be skipped if the incurrence date is a holiday). Example 1 - Recurrent revenue Amount: 100$
Example 1 - Amortized recurrent revenue Amount: 100$ (amortized)
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This is the documentation for an older version of Folio and has been moved to the Tempo instance.
Please view the Folio Category in the Tempo Products Wiki Categories for all versions of Folio's Documentation.
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