Services
We provide consulting, training, and support for various business solutions. Our approach is to make things simple and logical so you can make better decisions.
A CRM’s purpose is to stay connected to customers and to streamline your procedures.
If used correctly, a CRM software will give you a better understanding of your customer’s behavior. This will give you the opportunity to adjust accordingly. By making the necessary adjustments, this should translate into better relationships which will increase your profitability.
The Sage 100 AR Deferred Revenue (ARDR) Posting for Sage 100 enhancement allows future revenue and deferred postings to the General Ledger to occur during the A/R Invoice Update. This enhancement adds two new fields to the Invoice Data Entry screens for ‘Number of Months’ and ‘Start Date’. When these fields are entered by the user, future postings will occur on the same day each month and automatically for the number of months specified for each item that has a Deferred Revenue Account defined.
Deferred Revenue (or “unearned revenue”) is income for goods or services which have not yet been rendered. Deferred Revenue is recorded as a liability on the balance sheet to represent services that are owed to the customer. As the product or service is delivered, it can then be recognized as revenue on the income statement.
General Ledger accounts for deferred revenue can be defined by miscellaneous item or by product line when using Standard Inventory Items. Additionally, the ARDR enhancement adds a new history file to the Sage 100 system in order to keep track of “future” general ledger postings which allows you to create a Crystal Report for deferred revenue forecasting.
During A/R Invoice Update, if a Deferred Revenue account exists in Miscellaneous Item Maintenance for a Miscellaneous Line Item, then the posting to Revenue that would normally occur is changed to post to Deferred Revenue, for the Posting Date. Future postings are then created as follows:
This enhancement is beneficial to companies that sell Support Contracts or Maintenance Plans. The objective is to credit the overall Contract/Plan amount to Deferred Revenue for the Posting Date, and then credit Revenue and debit Deferred Revenue in future months.
Examples of instances where deferred revenue is used:
Acute Data Systems
Tel: 800.761.3037
Fax: 800.801.8573
solutions@acutedata.com
© 2023 Acute Data Systems