Revenue for Appointments, Classes, and Products in Package

For services, classes, and products covered by packages, the revenue is calculated based on the retail price of the service, class, or product. This revenue is recorded in the prepaid column and excluded from net revenue when reports are filtered by time of purchase. However, when revenue reports are filtered by time of use, the revenue is recorded under the service, class, and product revenue columns.

Things to know:

For details on how the commission is calculated for items covered by a package, click here for more details.

Package Configuration Example

Package Sale Price: $267

Item Credits: 3

Revenue Per Credit (Package Price per item): $89 (package sale price {$267}/number of item credits{3}) 

The client bought this package and redeemed it for a service valued at $100.

Outcome:

• The ticket will display $0 for the service since it is covered by the package.
• The revenue reports, when filtered by ‘Time of Purchase,’ will display $89 in the Service, Gross Revenue, and Prepaid columns, but there will be no entry in the Net Revenue column.
• The revenue reports, when filtered by ‘Time of Use,’ will display $89 in the Service, Gross Revenue, and Net Revenue columns.
• The revenue reports, when filtered by ‘Time of Use (Legacy),’ will display no revenue in the Service, Gross Revenue, or Net Revenue columns.

For more information, contact us at support@mytime.com or (385) 233-6964.