• 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 ERP Accpac module or third-party application.
• Reduced Ongoing Costs with Easy Installation, Configuration & Support.

Revenue and Expense Deferrals for Sage ERP Accpac 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 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 disclosure, effectively 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 with meeting these additional demands. Check What is New in Revenue and Expense Deferrals 6.0C.

Revenue and Expense Deferrals can be configured to process transactions from any Sage ERP Accpac module, including 3rd party SDK applications, as long as they post their transactions to G/L and they support the Transaction Analysis and Optional Fields Creator module.

Revenue & Expense Deferrals requires Sage ERP Accpac Transaction Analysis and Optional Fields Creator module to be installed.

• Check what is new in R/D 5.4C/5.5C/5.6C/6.0C.
• Increases transparency and real-time disclosure.
• Amortizes revenues to comply with Sarbanes-Oxley Act of 2002.
• Flexible contract terms and amortization periods.

• Product Update 3 for Revenue and Expense Deferrals 5.5C - Released June 6, 2011.

• Product Update 1 for Revenue and Expense Deferrals 5.6C - Released June 1, 2011.

• Revenue and Expense Deferrals 6.0C - Released February 24, 2011.

• Revenue and Expense Deferrals 5.6C - Released November 12, 2009.

• Product Update 2 for Revenue and Expense Deferrals 5.5C - Released August 10, 2009.

• Service Pack 2 for Revenue and Expense Deferrals 5.4C - Released August 10, 2009.

• Product Update 1 for Revenue and Expense Deferrals 5.5B - Released March 5, 2009.

• Service Pack 3 for Revenue and Expense Deferrals 5.4B - Released March 5, 2009.

• Product Update 1 for Revenue and Expense Deferrals 5.5C - Released March 2, 2009.

• Service Pack 1 for Revenue and Expense Deferrals 5.4C - Released February 27, 2009.

• Revenue and Expense Deferrals 5.5C - Released December 12, 2008.

• Revenue and Expense Deferrals 5.4C - Released November 28, 2008.

• Revenue and Expense Deferrals 5.5B - Released April 5, 2008.

• Service Pack 2 for Revenue and Expense Deferrals 5.4B - Released December 4, 2007.

• Service Pack 1 for Revenue and Expense Deferrals 5.4B - Released November 8, 2007.

• Revenue and Expense Deferrals 5.4B - Released January 31, 2007.

• Service Pack 1 for Revenue and Expense Deferrals 5.3A - Released October 16, 2006.

• Revenue and Expense Deferrals 5.4A - Released October 12, 2006.

• Revenue and Expense Deferrals 5.3A - Released October 2, 2006.

•  Airlines may be subject to refunding passengers for their tickets up until they board their flight.
•  Software companies may be subject to providing services throughout the lifetime of annual customer  support contracts.
•  Online retailers may be subject to refunding customers if goods are lost in shipment.

Revenue & Expense Deferrals, developed by SYSTRONICS llc, is a module of the Sage ERP Accpac software that allows companies to amortize specific revenue streams, only recognizing them at a later date once all contractual obligations or other pre-defined parameters have been met. As a result, businesses are able to better manage their cash flow and reduce the impact of any unexpected financial shortfalls. The module also helps companies minimize risk by deferring expenses such as rent and insurance over the lifetime of their contracts.

Revenue & Expense Deferrals also helps organizations with financial compliance. Many countries have new laws and updated statutes that make businesses subject to compliance regulations, such as the Sarbanes-Oxley Act of 2002 (SOX), which is applicable to American companies and any organization conducting business with the US. Additionally, Revenue & Expense Deferrals promotes transparency within an organization’s accounting and reporting practices, which is fast becoming a standard requirement from most banks, financial institutions and investors today.

Download Revenue & Expense Deferrals Industry Solutions Guide (495 KB).