Revenue Date Mode

  • Auto Revenue Date. It is based on the present mode and the default one. In this mode, the Revenue Date changes automatically at midnight without any user's intervention. No changes to the past revenue date are possible. Such changes are registered as a correction on the new date.
  • Manual Date. A new mode similar to the above one, however, here the Revenue Date does not change automatically. It is to be changed by the user on a daily basis. Also, the user chooses the time for this change (either before or after midnight). Upon entering the new date, it is no longer possible to register a revenue with the past date, and all changes are registered as corrections on the new date.
  • Manual Period. A new mode, allowing you greater flexibility in terms of past days, but also letting you lock already reported periods. Here is a practical example of the use of the new mode:
    • A company paying taxes based on its revenue reports is to submit the related documentation by the 15th day of the next month.
    • This company needs the corrections to charges to be reflected as precisely as possible, i.e. they have to refer not to the current date, but to the date of rendering the service, even if it is in the past.
    • In the second case, the system will register the correction as referring to the past date revenue, provided that this date is not already closed (the date must be after the 15th day of the previous month). Thus the information of the services rendered is most accurate and up to the last possible moment – the 15th day of the month.
    • The corrections made after closing the reported period are registered as referring to the present date.

If you wish to change the reporting mode for the revenue date, please contact the Support Team of Clock Software.

In the 'Manual Date' and 'Manual Period' modes, the Revenue Date is changed from the Tax Settings screen. To do so, the user needs to have the Change Revenue Date right.

Search support:

Sign up for a free demo account now!
Want to know more?