Revenue Account Classes
The revenues account group refers to money earned by the company.
Each account
group in Sage 50 Accounting can be further divided into account classes.
Table showing the account classes in the revenue account group
| Account Class | Description |
|---|---|
| Revenue | A generic revenue account that covers all revenues. |
| Operating Revenue | Revenue earned as part of the company's regular business. |
| Non-Operating Revenue | Revenue earned outside of the regular operation of a business. |
| Farming Revenue | Revenue earned as a part of farming. |
| Other Revenue | Any revenue that does not fit into any of the above categories. |
| Gain | Amounts gained from the sale of a fixed asset that results in a profit, such as the sale of a building. |
| Extraordinary Gain | Amounts gained from activities over which the business has no control. |