The Bridge in Bridgehampton, N.Y., charged a whopping $750,000 to join, according to a 2007 Wall Street Journal article. Another Hamptons club, Sebonack Golf Club, billed new members for $650,000 when it opened in 2006, Bloomberg reported.
Hence, the revenue cycle actually consists of two major subsystems (assuming sales on credit basis): 1  the sales order processing system and. 2  the account receivable system.
A service company will report deferred revenue on its balance sheet. Zedcor Wholly Owned/PhotoObjects.net/Getty Images. At first glance, the deferred revenue account would seem to be a revenue, or income, account that would be included on a company's income statement.efinition of Deferred Revenue. Deferred revenue represents income received but not yet earned. For example, when a landscaping company bills its customer $200 on the first of the month for services that will be performed during that month, the landscaper will report $200 in deferred revenue.