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GL-1060 Daily Amortization Utility for Service Contracts
Certified Solution
This Extended Solution replacement provides an amortization utility which uses a daily rate for the purpose of recognizing revenue on service contracts (Sales Order Invoices).
Compatible With: Sage 100 ERP [MAS 90 and 200], Versions 4.3 , 4.4
Created by:

Cost $1795.00
Maintenance $535.00


DetailsProduct SpecificationReviews
Provides an amortization utility which uses a daily rate for the purpose of recognizing revenue on service contracts (Sales Order Invoices). These service contracts can have varying terms: 6, 12 or 18 months, for example. The start and stop date of each contract is defined in the Invoice header, stored in Custom Office User Defined fields. As part of the utility’s function, journal postings would then be created for each service contract for the monthly accrual amount.
Industries: Non-Industry Specific

Business Needs: G/L Posting Control