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Reconciliation of revenue

Active revenue per month

In the “Accountant” menu – “Monthly lists”, the Life Peaks application generates a monthly overview of your active outstanding gift cards (debt to customers).

Simply select the month you want to see your active revenue for and click “Active revenue as of end of xxxx”

Revenue for time-specific periods

You can also manually generate lists of your revenue for time-specific periods.

If you want to identify your active revenue all the way from start-up up to e.g. 31.12., you want to navigate to “Bookkeeper” – “Revenue for time-specific period”.

Here you can simply pull up a list that shows your active revenue up to 31.12.

Specify that you want to identify “Active revenue”.

In the time interval, select a date that precedes the start of your use of the system. For example, the period can be 01.01.2000-31.12.2022.

Select “Export data to excel”

This will give you a complete itemized list of the currently active gift cards up to and including 31.12.2022.

The system has automatically done the relevant sorting and calculations for you. If you want itemized data for this total, you can download separate lists for this. The following calculation makes up the active total:

The date range can for example be 01.01.2022-31.12.2022

Generated revenue

+ Reconciled revenue*

– Redeemed revenue

– Expired revenue**

= Active revenue 31.12.22

*Reconciled revenue

Extending the validity of gift cards or redeeming gift cards after the original expiration period will affect your active revenue.
For your documentation of this, we have created the function “Reconciled revenue”.

The reconciled revenue list will document gift cards that:

• Have been expired but have had their validity extended
• Expired but redeemed after the expiration date
• That have been redeemed but have been reactivated (reversed)

In the xls export you can make of reconciled revenue, column Q will show specifically which action has occurred for each individual gift card that has reconciled revenue.

**Expired revenue

Please note that the list of expired revenue initially includes both the gift cards that have actually expired, as well as gift cards that have expired but have since been redeemed (redeemed after the original expiration date) or have had their validity extended (reactivated). All of this is then balanced in “Reconciled revenue”.