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Revenue and Expense Deferrals™
Revenue and Expense Deferrals™ is an SDK application for Sage 300 ERP, which helps companies to amortize maintenance and service related contract revenue and expense over the life of the contract.
Compatible With: Sage 300 ERP [Accpac], Versions 5.4 , 5.5 , 5.6 , 6.0 , 6.1 , 2014
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Companies reap the benefit 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 disclosures, in effect 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 meet these additional demands. Revenue and Expense Deferrals can be configured to process transactions from any Sage 300 ERP module, including 3rd party SDK applications, as long as they post their transactions to G/L and support O/F.

Key Features

Helps with Sarbanes-Oxley Act of 2002 Compliant Implementations.

Captures transactions earmarked for amortization in Sage Accpac modules and 3rd party applications. Processing logic is based on GL transactions only.

Revenue and expense amounts are amortized and posted to designated accounts. Amortized amounts are “recognized” and posted back to G/L upon maturity.

Recognition is processed periodically, through a Day End Processing. Day End Reversal is allowed.

Three deferral methods are supported: Straight-Line, Declining Balance, and Manual.

Reports: Audit Log, Revenue Flash report, Deferred Revenue report, Day End Reversal Audit Log, Recognition Table report.


What’s New in Revenue and Expense Deferrals 5.4C-2014C

1. Fresh, Modern Look and Feel
2. Recognize Equal Amount in each Period
3. Specify an Auto-Release Date for transactions on hold
4. Recognize Transactions to a Different Account from the one they were deferred from
5. Defer Partial Amount
6. Override Deferral Account in Individual Transactions
7. Support for Resetting GL Batch Numbers
8. Easier Optional Fields Definition
9. Selection by Date in Audit Log Report
10. Integration with Account Code Change Module
11. Integration with Portal
12. Miscellaneous
The following miscellaneous improvements are made in the application:
  • The date of the last deferral processing is now shown in the Deferral Processing screen as well as in the Options.
  • When deferral and recognition entries are created in GL, the optional fields screen the source journal entries are copied to those entries. This is an optional feature and can be disabled through the Options screen.
  • When optional fields are created automatically by Revenue and Expense Deferrals, they are added to OE Order and OE Shipment transaction as well. This makes the data entry process easier. The previous version did not add the optional fields to those transactions.
  • You can now modify the last processed GL Batch Number in Options at any time.

Product ID: RD

Industries: Personal Goods & Services, Education, Software Consulting & Development, Higher Education & Training, Non-Industry Specific

Business Needs: General Accounting, Regulatory Management, Warranty & Service Contract Management