Other Revenue

This portion of the book is focused on other revenue.

Members of the RedSteppers dance team wear cowboy boots featuring the IU trident during a pep rally near Woodburn Hall at IU Bloomington.
Members of the RedSteppers dance team wear cowboy boots featuring the IU trident during a pep rally near Woodburn Hall at IU Bloomington.

This is a revenue category that encompasses revenue that does not fit readily in any of the defined revenue category such as sales and services or contracts and grants. This category is for miscellaneous revenue such as the matching fund or collections on bad accounts. By accurately accounting for other revenue, Indiana University can track these specific resources and ensure compliance with accounting standards. It is important to understand this category of revenue on the income statement and confirm revenue fits into this classification prior to using an object code tied to the other revenue classification.

POLICIES

Review the below policies related to other revenue:

STANDARDS

There are no standards related to this portion of the book at this time. Please check back in the future!

IU Indianapolis students at the annual dance marathon fundraiser for Riley’s Children Hospital.
IU Indianapolis students at the annual dance marathon fundraiser for Riley’s Children Hospital.

CHECKLISTS

There are no checklists related to this portion of the book at this time. Please check back in the future!

TRAINING MATERIALS

Review the below training materials related to other revenue:

Students eat with their feet in Showalter Fountain during Bikes and Burgers at IU Bloomington.
Students eat with their feet in Showalter Fountain during Bikes and Burgers at IU Bloomington.

OTHER RELATED MATERIALS

Review the below other material related to other revenue:

IU Financial SYSTEM REPORTS AND PROCEDURES

Review the below IU financial system reports and procedures related to other revenue:

Students walking to class at IU Northwest.
Students walking to class at IU Northwest.

 

License

Accounting for Revenue and Receipts Copyright © by The Trustees of Indiana University. All Rights Reserved.