This is a general ledger recording all rail fleet cost and revenue transactions and the proration and financial reporting of those transactions to the appropriate business units.

Features
Customer Requirements
Implementaton
Deployment

Features

RAILAcct® is a general ledger for the rail fleet recording transactions which pertain to both costs and revenues for railcars and proration to the appropriate business units. Costs and revenues are summarized by the business unit and assigned cost center codes which provides a link to host accounting systems. RAILAcct® handles and reports cost side transactions such as:

         • Shop, repairs, running repairs and maintenance
         • Railcar leasing invoices
         • State taxes
         • Demurrage paid
         • Miscellaneous expenses
         • Asset Depreciation
         • Revenue functionality and reporting includes:

                • Mileage credits and equalization
                • Sublease revenues
                • Detention received
                • Car rental credits

Repair, mileage, state tax, and leasing transactions can be imported into RAILAcct® from file with each record applied the appropriate validation and exception reporting thereof. Each record is assigned the appropriate transaction code and business group assignment so total costs and revenues can be summarized and exported to host accounting systems.

The repair functionality is based on the AAR/NITL Job Code structure and further classifies the repair codes for easy reporting. This module records shop visit details such as current car assignment for cost allocation; customer or onsite repairs; billing party, invoice numbers and totals; labor and materials cost breakdown. Repair reporting is available by fleet/business unit breakdown, duplicate billing, and repetitive repairs. Functionality due to be added will allow streamlined shop work-order approval and possible automatic payment.

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