Applies to deans, directors, and staff handling receipting related to future year activity.

Policy Statement

Deferred revenue accounting relates to revenue received from external parties only, not between UW–Madison divisions or other University of Wisconsin campuses.

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.

Submit deferred revenue requests using the Deferred Revenue Jet Upload Template. The Deferred Revenue Jet Template documents and performs the following functions:

• To move revenue to the new fiscal year for receipts received in the current fiscal year which relate to activities and services performed in future fiscal years or for products to be delivered in the new fiscal year.
• To correct revenue transfers accidently sent to the future fiscal year which relates to current year activities and services rendered.

This form is only available for use February 1 through June 30 each year.

UW-3029 Revenue Accounting