Revenue Program Overview

The IFS Excalibur Revenue Distribution system is one of the most comprehensive and sophisticated Revenue systems on the market today. It handles all of the Industry Standard Revenue processing, with the features of much more expensive systems. You can purchase it as a "stand-alone" system or as an integrated database system with General Ledger, Property Analysis, and Production. Many flexibility features are incorporated into this system to allow you as much control as you want.

Properties are defined by purchaser with automatic price, tax, and expense calculations. No restrictions are placed on the number or types of tax and expense components that can be applied. You can assign multiple products on one property and cross-reference the properties between the purchaser's number and the user's number to facilitate entry of gross sales directly from the purchaser's check or statement.

Division orders handle any number of owners or products, and you can apply different percentages to tax and expense components. You can assign owners status codes for permanent and minimum suspense, as well as automatic pay and no pay categories. You can easily duplicate division orders that are similar without reentering all owners.

Gross sales are controlled through batches and can be balanced on any components that you want. You can enter all of the necessary data directly or, if automatic calculations are established, the only data needed is the quantity of the sale. The system automatically distributes to the owners with the capability to reverse any distribution, for example, because of a wrong division order. You can make individual or "mass" pay status changes in any combination of property, owner, and pay status.

Many reports are included, categorized as Master Lists, Gross Sales, Owner reports, and Accrual reports. You control the history for these reports. Check that stub overflow is handled easily with an overflow form and using the Report Manager. Revenue 1099 data is transferred to a Tax file in the Common system. For more information, refer to the Common system documentation.

The Revenue system allows you to process check_register data from IFS Excalibur to the Check Stub Data Exchange (CDEX). Use the CDEX system to receive check stub data into IFS Excalibur.

Some data setup is required to implement the CDEX Transmit feature in Revenue. After this data entry is completed, you can process CDEX transmittals at any time after issuing revenue checks.

Use the Owner Detail - REV120 program to assign GE's company code to an owner whose check stub data you want to transmit.
Use the Revenue Product Code Master - REV151 program to assign GE's codes to the Excalibur product codes.
Use the Component Codes - REV125A program to assign GE's transaction codes to IFS Excalibur components.

Refer to detail documentation for these processes and for the Process Checks To CDEX - REV257 program.

Other features include automatic accrual calculations with manual override capability, manual and void check processing, accounting transaction generation, and interface to Property Analysis.