ERP applications all do pretty much the same things. You know; G/L, A/R, A/P, O/E, I/C, P/O & Manufacturing.
Wouldn’t it be great if Sage 300 ERP had a core accounting module that no other ERP application had?
Well now it does! Thanks to Dingosoft, Sage 300 ERP is the only ERP application with a true “T/A” (Trust Accounting) module.
So who needs T/A? It must be a pretty small market I hear you say! Well, for a start most law firms need T/A. There are around 50,000 law firms with 2 or more partners in the U.S. alone. Compare that to the current approx. 40,000 Sage 300 ERP sites worldwide.
Then there’s all the real estate agents and property managers, insurance brokers, public accountants and a whole bunch of other types of businesses that have to hold and keep track of other peoples money for a variety of reasons.
And with increasing legislation and regulations in regard to the handling of clients money, the need for good trust accounting software is increasing.
Mr. Ronald Black has been a loyal Sage 300 ERP Sample Company Inc. customer for a long time – certainly since the ACCPAC Plus days if not before. But did you know that all this time Mr. Black has been living in a very nice 6 bedroom / 3 bathroom spanish style home with huge back yard with a four car carport?
Neither did I until the other day when I was testing a new feature in the 2014 version of the Dingosoft Contact Manager product which provides Google Maps integration for the main customer and vendor addresses in A/R and A/P. (Previously Google Maps integration was only available for “contacts” addresses).
Most of the addresses in the sample data are obviously fake (I can confirm that there really isn’t an “Anytown CA”), but clicking on Mr. Ronald Black’s address took me to a real address here:
So there you go. You now know what Mr Ronald Black’s house looks like 😉
By the way, Contact Manager isn’t really a “contact manager” app. – what I mean is it’s not a CRM wannabe – it’s really just an awesome central contact database which allows you to attach multiple contacts to customers, vendors and trust accounts.
We actually had to develop this product to go with our Trust Accounting module as we needed a database of clients as well as payors/payees. Unlike A/R and A/P where the payors/payees are always the customers/vendors, with trust accounting the payor/payee could be anyone. For example, a real-estate agent must hold a clients pre-paid advertising funds in a trust account when selling a property. When it comes time to take money out of the account to pay for advertising, the payee will be whichever newspaper/website/etc. that the property was advertised in. (Of course, the invoice from the newspaper will probably be for multiple properties which isn’t a problem for our T/A app as a single payment can be easily split across multiple trust accounts – something most cheaper T/A products can’t do. Just sayin’ 😉 )