BTerrell Group Blog

Revenue and Expense Deferrals Add-On Module for Sage 300 ERP

Posted by Kevin Yu on Mon, Jun 24, 2013

Revenue and Expense Deferrals for Sage 300 ERP (Accpac) by Systronics is a great add on module that integrates directly with Sage 300 ERP to provide revenue recognition capabilities. Let’s take a look.

Since the module integrates directly with Sage 300 ERP, it is very simple to configure. The UI will be very similar to the UI you may already be used to.

Revenue & Expense Deferral module by Systronics - UI
 
It is very flexible with regards to setting up contract terms and amortization periods. Templates can also be set up for a variety of different terms and periods.

Revenue & Expense Deferral module by Systronics - Template
 
Deferral processing is very simple. There are also several out-of-the-box reports that provide you more visibility.

Revenue & Expense Deferral module by Systronics - Reports Revenue & Expense Deferral module by Systronics - Standard reports
      
The recognition schedule for a straight-line deferral, using exact days per period, prorating the first and last month, recognized at the end of the period, is shown below. The schedule is easily editable from this window if allowed. 

Revenue & Expense Deferral module by Systronics - recognition schedule


If you are looking for a way to automate amortizing service or maintenance contract revenue, Revenue and Expense Deferrals for Sage 300 ERP (Accpac) may be right for you.

Contact us for a FREE 30-minute consultation.

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Tags: Sage 300 ERP, Systronics, Revenue and Expense Deferrals

Systronics' Revenue & Expense Deferrals and ToolPac Webinar

Posted by Meredith Gooch on Mon, Jan 30, 2012

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

 

Tags: sage erp accpac, Systronics, Webinar, ToolPac, Revenue and Expense Deferrals

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, amortize transactions, Revenue & Expense Deferrals, Systronics

Systronics' Revenue & Expense Deferrals Webinar October 27, 2011

Posted by Meredith Gooch on Tue, Oct 25, 2011

Have you been wanting to see Systronics' Revenue & Expense Deferrals module in action? Now is your chance! Nancy Lavery will be leading a Webinar on Thursday, October 27th from 3:00 p.m. to 3:30 p.m. Central time.

What is  this product?

Revenue & 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.

What are the business benefits of this product?

  1. Increased transparency and real-time disclosure.
  2. Amortizes revenues to comply with Sarbanes-Oxley Act of 2002.
  3. Amortizes expenses.
  4. Flexible contract terms and amortization periods.
  5. Easy configuration for any Sage ERP Accpac module or third-party application.
  6. Reduced Ongoing Costs with Easy Installation, Configuration & Support.

Details:
https://www2.gotomeeting.com/join/314041322
1-773-945-1031
Access Code: 314-041-322
Meeting ID: 314-041-322

 

Tags: Systronics Revenue & Expense Deferrals, Systronics, Revenue and Expense Deferral, Accpac Revenue and Expense Deferral