How to set up revenue types in VOGSY
First published on November 15, 2024 , updated on October 22, 2026Slice and dice with revenue types
One of the primary functions of VOGSY is to organize your business data effectively. Organizing the data along different dimensions is crucial for extracting meaningful insights and making informed decisions.
The most common and valuable dimensions are countries, departments, time, customer segments, and revenue streams.
For the dimension revenue streams, VOGSY has the master table "revenue types."
You associate a revenue type for each project deliverable, thereby ensuring that all revenue (and costs) from this deliverable are reported in that revenue type.
To make it easy to start with VOGSY, you will have one revenue type available by default for each project deliverable.
Later, when the need arises to create the reporting dimension of revenue streams, you can always create more revenue types.
Configure revenue type settings
Go to Master tables > Revenue types and select a revenue type, or click + to add one. Besides a name and description, each revenue type has three settings. Two control how it counts in your revenue forecast. The third controls which companies and departments can select it when setting up projects.
Use revenue type in Revenue Forecast (chart and report)
When enabled, revenue from deliverables with this revenue type is included in the Revenue Forecast chart and the Revenue Actual and Forecast report. Disable it to keep a revenue stream out of your forecast.
Use invoicing schedule as forecasted revenue
Available when the revenue type is used in the Revenue Forecast. When enabled, the forecast for fixed price deliverables follows the dates and amounts in the deliverable's invoicing schedule, instead of being spread evenly between the start and finish date. Changing this setting recalculates the forecast for all affected deliverables. Learn more in Revenue forecasting, how it is calculated.
Available in departments
Leave empty to make the revenue type available across your whole organization. Select one or more companies or departments to limit it to projects in those business units. The list shows the companies and departments that have Company can be selected for projects and opportunities enabled in Settings > Companies and departments. Users then only see the revenue types relevant to their part of the business, which reduces booking errors.
Using the invoicing schedule as forecasted revenue? Make sure every fixed price deliverable with this revenue type has an invoicing schedule. Without one, its forecast is 0.
Set up project accounting per revenue type
Combining revenue streams and project accounting in your P&L (Profit and Loss) statement requires careful organization and allocation to ensure accurate financial reporting.
The first step is setting up ledger accounts.
Project Revenue Accounts: Create separate revenue accounts for each distinct revenue stream within a project (e.g., product sales, service fees, license fees). You can now track performance by revenue type.
Project Expense Accounts: Set up expense accounts to categorize project costs (e.g., labor, materials, subcontractors, travel). Use a coding system that allows you to identify expenses related to specific projects or tasks easily.
Per revenue type, the following accounts can be defined per invoicing method (Time & Material, Fixed Price, and Subscriptions):
Ledger accounts for revenue postings
Ledger accounts for coverage postings
Ledger accounts for cost price postings
Ledger accounts for work-in-progress postings
Ledger accounts for periodical valuation work-in-progress and results.
VOGSY has a set of default ledger accounts filled in with the default revenue type, which makes starting with VOGSY easy.
In VOGSY, the "Ledger Accounts" function allows you to create more ledger accounts for your revenue types.