Long Term Deferred Income and Revenue software

                    SOFTWARE  PRODUCTS 
Financial Data Support Systems, Inc.
   Accounting
       Amortization
           Software
 
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  PREPAID EXPENSES - monthly amortization and reporting
  DEFERRED INCOME - monthly amortization and reporting
  FIXED ASSETS, FF&E - monthly depreciation and reporting
  NON-MONTHLY - daily, days, weeks, other periods amortization and reporting
  DEALER FEES - FASB 91 software for indirect lending charges
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Deferred income accounting software with
Short Term, Long Term Classifications and Transfers page

Deferred income software without transfers
 
Track, manage, amortize ....
•  Deferred income
•  Deferred revenue
•  Unearned fees
•  Prepaid maintenance
•  Leases, fees, plans, contracts
•  Membership charges, dues
•  Rental agreements
•  Professional retainers
•  Insurance premiums
•  Licensing fees
•  Equipment rentals
•  Subscriptions


Features ....
•  Span fiscal years
•  No monthly close out,  end of year chores
•  Terms for 1 to 999 months
•  Any chart of accounts
•  General ledger upload posting file
•  Long term income calculation
•  Transfer of long term to short term
•  Taxable income calculation
•  Export data and reports
•  Defer a start month
•  Adjustment handling
•  User defined reporting columns
•  Paper or go electronic
•  Documentation, Help, Tips
•  1-800 and email support


A complete accounting and reporting system to handle hundreds, thousands of records ....

•  New records
   Automatic calculation of and transfers from Short Term to Long Term Deferral account

    If the term is greater than 12 months (or other Long Term classification periods),
     -  The software will calculate the Long Term portion and
     -  Generate journal posting entries for initial transfer from Short Term Deferred account to Long Term Deferred account
               The initial transfer to Long Term is the total deferral minus what will be amortized during the first 12 (or other defined) months
     -  These transfers are included with monthly amortization postings


•  Monthly processing
   Amortization to income from Short Term deferral account
   plus transfers of the same amount from Long Term accounts to Short Term accounts

     -  The software calculates and generates journal posting entries
     -  Posting entries consist of amortization from Short Term Deferred account to Income account
   For records with Long Term classification:
     -  The software calculates and generates journal posting entries from
         Long Term Deferred to Short Term Deferred accounts
              Posting entries consist of the amount amortized to income from the Short Term Deferred account
     -  Detailed reports show each transfer, new Short Term and remaining Long Term balances


•  Accounting, reporting, schedules
     -  The software manages dozens, hundreds, thousands of records
     -  Cross over End Of Year, Beginning Of Year periods without doing anything
     -  Show your auditor exactly how you arrived at your numbers
               Detailed reports show every transaction for any month


•  General ledger
     -  The software creates a Journal Voucher debit and credit column source document for the above and
     -  Creates a general ledger transaction posting file
     -  Supports any chart of accounts and any upload format


•  Methods
     -  Straight line method for terms of 1 to 999 months
     -  Percentages.  User defined monthly percent recognition
               Simply replace "Term in months" with an Excel column letter containing
               rows with a recognition percentage for each month
               Supports multiple column letters with same or different number of rows defining term in months


•  Volume
     -  Hundreds of records
     -  Thousands of records
     -  Hundreds of thousands of records


•  Taxable Income calculation over a shorter term
     -  A separate module can calculate taxable income over a 1 to 2 year fiscal period
     -  The software calculates the  taxable term for each record and
     -  Amortizes deferred income over the taxable term and
     -  Provides file totals for all records


•  Detail amortization schedule for a record provides all of this on one screen:
     -  Month by month deferral amortization for terms of 1 through 999 months
     -  Month by month Transfer Reclassifications from Long Term to Short Term
     -  Month by month Taxable income calculation
     -  Quarterly and Annual running totals for all


•  Exception handling:
     -  Delay amortizing to a future month
     -  Catch up amortization for a prior month(s)


•  Administrative reporting
     -  4 user defined sorting and subtotal categories.


•  Export data and calculations
     -  Copy screens and reports, paste to Excel worksheet




Deferred Income and Revenue software
 With Transfers between Long Term and Short Term Deferral Accounts
     Click to open and view Price page with
     •  Stand alone and network sharing prices.
         Modular pricing.  Basic systems plus options you may or may not need
     •  Free demo
         Download a demo from the Price page right now.  No registration required.



Related deferred income, revenue software
  •  Deferred income and revenue database software
  •  4-4-5 accounting
  •  Day, days, weekly, quarterly and other non-monthly date-to-date periods
  •  Loan fees - effective interest method     Loans, packages with discounts
  •  Bond discounts - straight line and effective interest methods




1) Amortize and recognize deferred income over a term of 1 to 999 months

The system calculates:
     Amount to recognize (typically this month's income)
     Accumulated
     Deferral balance

The system generates:
     Amortization reports - 30 day financial months
     General ledger posting file for any chart of accounts
          Credit transactions at the record or account subtotal level
          Offsetting debit transactions to the short term deferred income account

2) Calculate the Long Term (LT) portion of a deferral (typically that portion of a deferral term in excess of 12 months) for a new record and transfer the LT portion from a deferred income account to a LT deferred account
Allows income for a new record to be credited to a single, short term deferral account, from which the system will generate a debit with a credit transfer to LT.
The system will also calculate a LT Term, typically the amortization Term of the record, minus 12 (a parameter exists to redefine LT Term definition).
The system creates and combines new record LT transfers to the same Journal Voucher at the same frequency discussed above.

3) Transfer (roll) the amortized portion of the LT deferral recognition portion from the LT deferred account to the Short Term deferred income account
The system creates and combines these transfers to the same Journal Voucher at the same frequency discussed above.

4) Amortize deferred income over a Taxable Income Term
For records with a term in excess of 12 months, the system calculates a Taxable Term of 13 months up to a maximum of 24 months.
Taxable income calculation is performed separately from the above and can be accomplished by clicking the check box on the software import screen (and clicking it again to revert to book calculations).
Taxable Income can also be placed into a Journal Voucher and uploaded to the general ledger for those maintaining distinct accounts for same, such as a deferred liability with contra (the system does not calculate the amount of tax which is due on Taxable Income).









     
 

 
 
Price
Click to open and view Price page
     •  Stand alone prices
     •  Network sharing prices.
     •  Free demo.

          Evaluate the software on your office or home computer.

Questions? 1-800-245-8444   (Eastern time) or
email Support@fdssi.com


Related deferred income, revenue software
  •  Deferred income and revenue database software
  •  4-4-5 accounting
  •  Day, days, weekly, quarterly and other non-monthly date-to-date periods
  •  Loan fees - effective interest method     Loans, packages with discounts
  •  Bond discounts - straight line and effective interest methods

 
 
 
Long Term Deferred Income and Revenue Amortization Software for
 Windows® PC, laptop, workstation and network sharing
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