Maintaining a healthy cash flow is important for the success of any business and companies need to be prepared for the unexpected. A sale today may create an unplanned expense tomorrow, which may put a company’s balance sheet at risk. Almost too often, businesses are in a rush to report their sales as revenue without taking into consideration some of the contractual obligations they may still be liable for:
- 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.
Royalty Payments™, developed by SYSTRONICS llc for the award-winning Sage 300 ERP (Accpac) software, is an integrated solution which facilitates and streamlines the calculation and processing of royalty payments to intellectual property owners. The system allows companies to process their sales invoices, based on agreed contracts with royalty owners, and maintain updated balances for both royalty owners and vendors. Royalty Payments™ can also help companies produce royalty vendor statements, contract inquiries, royalty audit reports and exception reports. more...
Trade Job Costing™ (Services)Trade Job Costing™ is an integrated solution developed by SYSTRONICS llc for the award-winning Sage 300 ERP (Accpac) software, to produce accurate and timely profitability reports for the jobs that service companies undertake:
- Tour operators will be able to determine their profit margins on specific holiday package tours which include flights, hotels, meals and excursions
- Freight forwarding companies will be able to determine the profitability of bulk shipments that involve distributing goods to a number of customers
- Advertising agencies will be able to forecast the profitability of specific client campaigns that use a number of advertising mediums, such as radio, television and print.
Trade Job Costing™ is an integrated solution developed by SYSTRONICS llc for the award-winning Sage 300 ERP (Accpac) software that produces accurate and timely profitability reports for wholesale trading companies. It acts as a forward-planning tool for companies and individuals who want to identify the profitability of a particular job or an organizational unit at any particular time. more...