Who needs Revenue and Expense Deferrals

• Do you sell services or products that are delivered over several months or years?
• Does rent, insurance and other similar expenditures make up a large portion of your expenses?
• Do you have contracts with expiry dates that should be tracked?
• Are all your deferral accounting requirements handled well by spreadsheets?
• Do you have sufficient reporting on your deferral data?

What’s the Benefit of a deferral program to you?

• Does not require additional data entry
• Reduced dependency on spreadsheets
• Data available in Sage 300 company, providing one place to find all needed information
• Efficient and fully automated deferral accounting solution reduces the cost of manual processing and human error

Why automate with SYSTRONICS Revenue and Expense Deferrals™

• Fully integrated with Sage300C core modules as well as third-party products
• Handle a wide range of recognition schedules, calculation methods and business needs
• Can run automatically according to predefined schedule
• Easily configurable for any Sage 300 module or third-party application
• Accessible over the web from remote locations

How does it work?

• Processing logic is based on transactions posted to the G/L
  
• Revenue and expense amounts are amortized and posted to designated “Deferred Revenue” or “Deferred Expense” accounts.
  
• Amortized amounts are “recognized” and posted back to G/L upon maturity, in predefined portions, according to the amortization terms defined in Options
  
• Recognize defined amounts in each period
  
• Auto-release transactions
• Override deferral account
• Defer partial amount
• Easy optional fields definition
  
• Attach backup documents such as contracts
  
• Analytic reports such as
• Revenue Flash
• Deferred Revenue
• Recognition Table
• Exceptions
• Document Expiry

For this and more information on how you can leverage the add-on tools and functionality within Sage 300C (now called Sage 300Cloud) please contact us at sage@netatwork.com.