Multi-Project Financial Management: Ability to manage finances across multiple projects simultaneously, tracking costs and revenues per project.
Accounting
Accounting - Financial Planning & Analysis
Budget Tracking and Forecasting: Features for tracking budget performance and forecasting future costs and revenues at both project and organizational levels.
Accounting
Accounting - Financial Planning & Analysis
Progress Billing Support: Functionality to handle progress billing based on project milestones or percentage completion.
Accounting
Accounting - Financial Planning & Analysis
Cost-to-Completion Analysis: Tools for analyzing the estimated cost to complete each project, factoring in current expenses and future projections.
Accounting
Accounting - Financial Planning & Analysis
Change Order Management: Integration of change order costs into financial reports to reflect updated project costs and revenue accurately.
Accounting
Accounting - Financial Planning & Analysis
Work-in-Progress (WIP) Reporting: Capability to generate WIP reports showing the financial status of ongoing projects.
Accounting
Accounting - Financial Planning & Analysis
Job Costing Capabilities: Detailed job costing that allocates costs to specific projects or tasks, including labor, materials, subcontractor costs, and overheads.
Accounting
Accounting - Financial Planning & Analysis
Retention Tracking: Facility to track retentions held and released, both for receivables and payables.
Accounting
Accounting - Financial Planning & Analysis
Accounts Payable and Receivable Management: Comprehensive management of accounts payable and receivable specific to construction operations.
Accounting
Accounting - Financial Planning & Analysis
Cash Flow Analysis: Tools for analyzing and forecasting cash flow, critical for managing the financial health of construction projects.
Accounting
Accounting - Financial Planning & Analysis
Audit Trails: Complete audit trails for financial transactions to ensure transparency and compliance.
Accounting
Accounting - Financial Planning & Analysis
Tax Management: Ability to handle various construction-related taxes, including sales tax, use tax, and payroll taxes.
Accounting
Accounting - Financial Planning & Analysis
Customizable Financial Reporting: Customizable reporting options to create tailored financial reports based on specific contractor needs.
Accounting
Accounting - Financial Planning & Analysis
Integration with Estimating Software: Seamless integration with estimating software to align budgets and forecasts with initial estimates.
Accounting
Accounting - Financial Planning & Analysis
Lien Waiver Tracking: Tracking of lien waivers to ensure compliance and reduce financial risk.
Accounting
Accounting - Financial Planning & Analysis
Payroll Management: Advanced payroll management capabilities, including prevailing wage rates, union reporting, and certified payroll.
Accounting
Accounting - Financial Planning & Analysis
Compliance Reporting: Features for generating compliance reports required in the construction industry.
Accounting
Accounting - Financial Planning & Analysis
Real-Time Financial Dashboard: A real-time dashboard providing an at-a-glance view of key financial metrics.
Accounting
Accounting - Financial Planning & Analysis
Mobile Access and Cloud-Based Options: Mobile accessibility and cloud-based options for on-the-go financial tracking and reporting.
Accounting
Accounting - Financial Planning & Analysis
Subcontractor Financial Management: Tools for managing subcontractor payments, including holdbacks, advances, and performance tracking.
Accounting
Accounting - Fixed Asset Management
Asset Tracking: Ability to track each fixed asset's location, condition, and usage within construction projects.
Accounting
Accounting - Fixed Asset Management
Depreciation Calculation: Automated calculation of depreciation using various methods (straight-line, declining balance, etc.) suitable for construction equipment.
Accounting
Accounting - Fixed Asset Management
Asset Valuation: Support for different valuation methods, including historical cost and fair market value.
Accounting
Accounting - Fixed Asset Management
Maintenance Scheduling: Functionality to schedule and track regular maintenance of assets to ensure operational efficiency.
Accounting
Accounting - Fixed Asset Management
Asset Lifecycle Management: Tools to manage the entire lifecycle of an asset from acquisition to disposal, including upgrades and replacements.
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