Systronics Revenue and Expense Deferrals
For Sage 300
Simplifies deferral accounting through predefined schedules and comprehensive reports, eliminating spreadsheet models
What is Revenue and Expense Deferrals?
Revenue and Expense Deferrals for Sage 300 simplifies deferral accounting through predefined schedules and comprehensive reports, eliminating spreadsheet models. This product 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 (SOX) of 2002).
Includes the following reports and inquiries:
- Pre-Processing
- Audit Log
- Revenue Flash
- Deferred Revenue
- Reversal Audit Log
- Recognition Table
- Transactions On-Hold
- Exceptions
- Document Expiry
- RD Customer Inquiry
- RD GL Comparison Inquiry
Business Benefits
- Increased transparency and real time disclosure
- Amortizes revenues to comply with Sarbanes-Oxley Act of 2002
- Amortizes expenses
- Flexible contract terms and amortization periods
- Easy configuration for any Sage 300 module or third party application
- Reduced ongoing costs with easy installation, configuration, and support
Functional Features
- Supports three deferral methods: Straight Line, Declining Balance, and Manual
- Recognizes equal amounts in each period
- Support for GL Account code change is added
- Captures transactions earmarked fro amortizations in Sage 300 modules and third party applications
- Processing logic is based on GL transactions only
- Revenue and expense amounts are amortized and posted to designated "Deferred Revenue/Expense"
- Partial deferral is allowed
- Amortized amounts are recognized and posted back to GL upon maturity, in predefined portions, according to the amortization terms defined in Options
- Transactions can be put on hold, this delaying recognition until they are manually or automatically released. Auto release date for on hold transactions can be specified (optional)
- Templates can be used for easy configuration of recognition settings in individual transactions
- Recognition schedule can be modified manually
- Electronic files can be attached to transactions
- Enhanced security
- Recognition is processed periodically, through RD processing
- Deferral reversal is allowed
Product Highlights
- Supports Sage 300 security
- Supports Sage 300 integrity check
- Supports multiple company databases
- Supports web screens
- Supports DBDUMP & DBLOAD
- Supports multicurrency transactions
- Supports multi-lingual user interfaces