BTerrell Group Blog

Join us for a Webinar on Systronics' Revenue & Expense Deferrals and ToolPac on Tuesday, January 31, 2012 at 3:00 Central.

Amortize Transactions Over Service Contract Periods!
Revenue and Expense Deferrals for Sage ERP Accpac helps companies with the amortization of maintenance and service related contract revenue and expense amounts over the life of the contract. Companies get the advantage of compliance with the Public Company Accounting and Investor Protection Act of 2002 (also known as the Sarbanes Oxley Act of 2002). Although not specifically covered under the Act, non-public entities are also finding that bankers, investors, and acquisition candidates are non conditioned to expect increased transparency and real-time disclosure, effectively placing a greater accounting and reporting burden on companies who are not legally obligated to comply with the Act. Revenue and Expense Deferrals helps companies with meeting these additional demands.

Reconcile G/L Balances With Subledgers in Minutes Instead of Days!
ToolPac for Sage ERP Accpac efficiently identifies mismatches between Sage ERP Accpac modules, for example, mismatches between A/R balances and corresponding G/L accounts, or the actual balance in O/E Shipment Clearing account and the amount posted to that account according to audit logs in O/E. You can think of ToolPac as an inter-module integrity check. The current version supports G/L, A/R, A/P, I/C, O/E, and P/O modules of Sage ERP Accpac and lets you narrow down on the problems in just two or three easy steps.

• Verify the status of transactions (applicable only to P/O and O/E).
• Compare transaction balances in G/L and sub ledgers, period by period.
• Reconcile individual transactions in G/L with respective transactions in sub ledgers.

Some of the G/L accounts that ToolPac helps you verify and reconcile are:

• Payables Clearing
• Inventory Control
• Receivables Control
• Prepayment Liability
• Payables Control
• Prepayments

Want to learn more? Join the meeting on January 31 or contact us for more information if you are unable to attend.

https://www2.gotomeeting.com/join/575874370
Dial in: 914-339-0034
Access Code: 575-874-370
Meeting ID: 575-874-370