Atlantic DataSystems: Overview & Demo of RecXpress for Sage 300 ERP

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Overview & demo of RecXpress for SAGE 300

RecXpress for Bank Services

Requirements:
- Sage 300 ERP (Accpac) System Manager
- Bank Services
- Compatible with AP & AR
- Minutes to install & activate – 30 day trial period available

Features
- Automates reconciliation process
- Initial matching 99% accurate

- Replaces OFX import in Bank Services - Includes predefined bank formats
- Free set up of any format not currently available

- Does not require Transactions codes to import

Published in: Business, Economy & Finance
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Atlantic DataSystems: Overview & Demo of RecXpress for Sage 300 ERP

  1. 1. Monthly Web Chat with Calvin O’Driscoll October 17, 2013
  2. 2. Agenda • GoToMeeting housekeeping • Overview & demo of RecXpress • Q&A
  3. 3. Housekeeping • During the Webinar, all attendees will be muted and placed in listen only mode. I will open the lines during the Q&A session and we will address questions. • If you have a question, you may also enter it in the chat window and we will answer promptly during the Q&A session.
  4. 4.  Based out of South Africa ◦ Install sites worldwide      Developer for Sage 300 (Accpac) for 30 years All products 100% SDK Supports Optional Fields Compatible with all Versions/Editions North American Representation
  5. 5.  Cashbook ◦ in Europe & Asia replaces Sage Bank Services ◦ All payment & receipt transactions go through Cashbook vs. AP/AR  RecXpress (used with Cashbook) ◦ Released 1997  RecXpress for Bank Services ◦ Matches Bank Statement to Bank Services ◦ North American product - released 2002
  6. 6.  Requirements: ◦ Sage 300 ERP (Accpac) System Manager ◦ Bank Services ◦ Compatible with AP & AR  Minutes to install & activate – 30 day trial period available
  7. 7. Features  Automates reconciliation process ◦ Initial matching 99% accurate  Replaces OFX import in Bank Services Includes predefined bank formats ◦ Free set up of any format not currently available  Does not require Transactions codes to import
  8. 8. Features  Templates (Rules for matching) ◦ Determines GL Accounts, AP & AR Allocations ◦ Avoid having to match repetitive entries every month ◦ Add new rules on the fly ◦ Over time reduce reconciliation process to hours vs. days  Hide bank balances from users
  9. 9. Features (cont)  Three ways to match transactions ◦ Reference (Cheque # ) ◦ Amount & Date  Generate entries in Bank Services, AP & AR ◦ Allocate payments to AP Vendors / AR Customers ◦ Create entries in Bank Services for bank charges, adjustments etc. ◦ Can choose to automatically post
  10. 10. Features (cont)  One to Many ◦ Generate Multiple Line details from one entry on your bank statement  Many to One ◦ Generate a single entry from multiple lines on your bank statement
  11. 11. Features (cont)  Logic for reconciling ◦ Automatically matches based on Template ◦ Entries with No Rules will go to a default Category “Other” to be reconciled ◦ Manually match remaining entries (create new rules on the fly)
  12. 12. Features (cont)  Logic for reconciling ◦ Determine what happens with any variances – generate an adjustment automatically  Generate Batches  Unmatched entries first  Variance Amounts – Adjustments
  13. 13. Features (cont)  Generate Batches  AR/AP  Auto Allocate  NO - Prepay  Yes – start with oldest invoice  Equal Amount – 1st invoice that is equal  Doc Number – will look in Description  Post in Bank Services
  14. 14. In North America Contact Robert Lavery & Associates nlavery@cogeco.ca All products available for download: http://peresoft.com/
  15. 15. Q&A
  16. 16. Contact Details: Calvin O’Driscoll, ERP Manager (709) 726 – 8347 ext. 419 calvin.odriscoll@atlanticdatasystems.com For support: support@atlanticdatasystems.com

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