Deferred revenue is payment or payments received in advance for a service that has not yet been realized. This includes Credit Packages, Gift Cards, and Account Balances For example, a 20-credit package is purchased out front yet the classes are realized over a period of time.
Credits:
When a credit is purchased, its value is assigned to the studio it was purchased from. All purchases originate on a location basis.
If a credit package is used at a different location, that credit’s value is realized at the usage location.
If a credit expires, that expired credit’s value is realized at the location it was purchased from.
Reports:
Finance > Credit Deferred Revenue shows all used credits/packages with associated deferred revenue value.
Finance > Credit Expiration Details shows all credits that have expired with associated realized revenue value.
Finance > Credit Usage Details shows where all credits were used with associated realized revenue value.
Finance > Gift Cards and Account Balances shows all values of gift cards, account balances along with deferred revenue, and “comp” balance values.
Finance > Realized Revenue shows all non-credit purchase values along with associated revenue.
Memberships:
When a membership is purchased, its value is recognized immediately at the location it was purchased from.
Using the Sales > Order Detail report, you can get customer-level information on membership purchases.
With the Customer ID, you can then use the Utilization > Customer Reservation Detail report to gather which studios were frequented by those particular customers using that membership.