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Combining robust cost management with a complete line of financial reporting options, Financial Management synchronizes job costing and ongoing changes with hard financial data. Create an unlimited number of statements – from simple G/L account reviews to complex, multi-company Income Statements. Drill down to the source transaction within financial statements, including direct access to scanned images like invoices and timecards.
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User-definable and standard financial reports reflect a constant balance between General Ledger and its subsidiary Job Cost, Equipment Management, and Service Management ledgers. When it's time for reconciliation and audits, the account controls and security built into Financial Management provide accurate, streamlined results.
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Accounts Payable links up with Purchase Orders and Subcontract Control to handle vendor obligations, invoice approvals, lien waivers, and disputed invoices. Accounts Receivable helps meet customers' obligations with flexible invoice formats, including AIA, Percent/Units Complete, Time and Materials, Cost Plus, Lump Sum, and more.
Financial Management components provide flexible, complete financial control:
>> Accounts Payable: Accounts Payable provides strict control and flexible processing of financial obligations. Tight integration with General Ledger, Job Costing, Purchase Orders, Subcontract Control, Equipment Costing, and Service Management ensures that all commitments and payments are processed efficiently and accurately.
>> Accounts Receivable: Accounts Receivable handles all the special requirements of construction billing and provides the information needed by managers to minimize questions and disputes, monitor accounts receivable, and pursue timely collections.
>> General Ledger: General Ledger features a powerful financial statement formatter, recurring journal entries, and complete integration with other Management Suite capabilities.
>> Document Management: Document Management controls the flow of financial information through Management Suite and tracks critical documents related to Accounts Payable, Accounts Receivable, and General Ledger.
>> Payroll: Payroll includes everything needed to process and report construction payrolls. Record work and calculate earnings, benefits, fringes, insurance liabilities, and taxes. Printing checks and updating all costing and financial records completes the payroll cycle. From small, non-union companies to large firms working in multiple states with multiple unions and extensive benefit plans, Management Suite Payroll provides an efficient and economical alternative to manual or outsourced payrolls.
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