BTerrell Group Blog

Amortize Transactions Over Service Contract Periods

Posted by Meredith Gooch on Tue, Dec 20, 2011

Join us for a webinar hosted by Systronics to learn more about their Revenue & Expense Deferrals add-on for Sage ERP Accpac.

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 now 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.
Revenue and Expense Deferrals can be configured to process transactions from any Sage ERP Accpac module, including 3rd party SDK applications, as long as they post their transactions to G/L and they support the Transaction Analysis and Optional Fields Creator module.
Revenue & Expense Deferrals requires Sage ERP Accpac Transaction Analysis and Optional Fields Creator module to be installed.

What's New in Revenue & Expense Deferrals 6.0C?

•   Recognize Equal Amount in each Period
•   Auto-Release Date
•   Recognize to a Different Account
•   Defer Partial Amount
•   Override Deferral Account in Individual Transactions
•   Support for Resetting GL Batch Numbers
•   Easier Optional Fields Definition
•   Selection by Date in Audit Log Report
•   Integration with Account Code Change Module
•   Integration with Portal

Webinar details:
Date & Time: Wednesday, December 21, 2011 from 3:00-3:30 Central Time
Link to join: https://www2.gotomeeting.com/join/403568522
Dial in: 1-786-358-5411
Access Code: 403-568-522
Meeting ID: 403-568-522

Tags: sage erp accpac, Systronics, amortize transactions, Revenue & Expense Deferrals