Agvance > Patronage

The Agvance Patronage module combined with SSI's Agvance Accounting, offers cooperatives an integrated solution for maintaining, tracking, and reporting on customer patronage accounts. Agvance Patronage allows for maximum setup flexibility and automates the time consuming process of calculating patronage checks and 1099's for patronage returns.

Key Features:

• Flexible setup and tracking for an unlimited number of stock or equity classes i.e. certificates, revolving capital or debentures)
• Track stock certificates by class and easily review the current value of any stock
• Each stock class can post to different G/L accounts for interest and dividend payments
• Automatically capture sales information needed to calculate patronage
• Calculate patronage based on a percentage of customer dollars or on product volume
• Manages payments for patronage earned, interest on equities, dividends on stock and equity payouts
• Quickly generate reports for patron membership, equities, fees and stock history
• Automatically generate 1099's for patronage, interest and dividends. Print to form or export for magnetic media
• Easily handle equity transfers between patrons
• Maintain and track patronage payments that are being deferred or "held out" for conversion to another stock
• Easy access to patronage history
• Maintain only one customer list in Agvance Accounting for members and non-members