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Home » Newsletters » Sage 300 Newsletter – February 2018 » Automate with SYSTRONICS Revenue and Expense Deferrals™

Sage 300 Newsletter – February 2018

Keeping You Up-To-Date With Information About Sage 300

Automate with SYSTRONICS Revenue and Expense Deferrals™

By: Alecia Graham, Senior Business Analyst

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.

« Return to Newsletter

In This Issue
  • From the Desk of the Sage 300 Practice Director
  • Captain Your Business with Sage 300 Business Intelligence
  • Sage 300 Subscription License Incentives
  • Solving Your Business Gaps: A Preview of Our 2018 Sage 300 Webinar Series
  • Sage 300 Tax Updates – Government Compliance
  • Sage 300 Tip: Bank Services Clear History
  • Automate with SYSTRONICS Revenue and Expense Deferrals™
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