To determine which accounts were affected by deferred revenue for a given time period, add the General Ledger (GL) field Revenue Code/Description when running a Deferred Revenue Transactional Detail Report.

A debit to Unearned or Deferred Revenue can indicate a refund of an item that has not yet been recognized.

In the report above, $42 was refunded twice on 12/1/2020. The GL entries for the transaction would look like the following:

Below are the reversals for the original transaction. We would see credits in the unearned account on 12/21/20 and 12/22/20 with a revenue account listed of Teen Programs.

Resources

• Deferred Revenue Transactional Detail Report
• View/Set GL