Deferred revenue accounting relates to revenue received from external parties only; not between UW-Madison Divisions or other University of Wisconsin campuses.
Only use Deferred Revenue between February 1st through July 2nd each year.
How to record deferred revenue
Use the following forms where applicable:
Examples include revenue received on or before June 30 for fall conferences, summer session tuition, tickets sales for a future fiscal year, prepayments for products yet to be delivered as of June 30, prepayment for services to be performed in a future fiscal year and down payments to be returned in a future fiscal year.
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