RECIPE TYPE – A recipe type is used to segregate the different sources of revenue. The program “REVENUE ACCOUNT LINK MANUAL” is used to link recipe types to the chart of accounts. The golden rule here is that for each revenue account, there should be at least 1 recipe type. There are more “rules” that are discussed in the program “Revenue Accounts”.
There can be many recipe types linked to the same account, but per account, there must be at least 1 recipe type.
E.g. If the COA (chart of account) only has an account Revenue F&B, than then 1 recipe type F&B would be enough (if there is only 1 F&B outlet), but if the COA has an account Revenue Food and Revenue Beverage there should be at least 2 recipe types; Food and the other one Beverage.
By keeping the names consistent with the name of the account, the work is easy and recognizable.
If a recipe type is not linked (including outlet) the revenue will be booked on an account called “Uncleared Outlet Revenue”.
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