Avoid confusion and accounting inaccuracies, trust your financial numbers, improve cash flow, and reduce penalties, late fees, and other pitfalls. The suite of accounting applications for Sage 100 Contractor, formerly Sage Master Builder, are fully integrated with the system's estimating, production, and analysis functions you get a complete financial management snapshot throughout each phase of your business.
Accounts Payable gives you tighter financial controls over your expenditures so you can avoid overpayments, double-payments, and fees. You’ll lessen the chances of fraud, mistakes, or supplier errors with automatic invoice entry from purchase orders. Receive warnings when budgets, subcontracts, or purchase orders have been exceeded for improved job cost management. Accounts Payable also allows for greater liability protection because you only pay subcontractors with current certificates of insurance by automatically tracking expiration dates. By tracking expiration dates on workers' compensation, liability insurance, and contractor licenses, the system can warn you before you pay subcontractors who have not supplied you with current documentation. In addition, you can track each subcontract separately to prevent payment if there is a dispute over the contract.
You may select from a wide variety of check formats or create your own. Choose multiple check stubs or special check reports to list all of the invoices paid.
Make a partial payment or designate dual payees on any invoice, and decide which credits to apply to a payment prior to running checks. You can even override discount dates to take discounts that have expired!
Aging reports can be run as of the end of any prior period to match financials even after the period has been closed. Compliance reports and 1099 forms are also included in the extensive reporting options.
Accounts Payable Reports All Sage 100 Contractor reports can be customized for your specific needs. Their extensive features can show you how you keep your money longer, and stay current with insurance and other payments.
Take advantage of the report drill-down capability to navigate to the numbers and background detail behind the scene. You can also update the information in real time for accurate, up-to-the- minute analysis.
The Accounts Receivable system serves as a marketing, sales contact, and document control tool, as well as a means of managing receivable accounts. The client database contains sales information for tracking prospects from the first point of contact to the close of a contract and completion of a job. Add a professional and personalized touch to your Accounts Receivable functionality by using Form Design in to customize invoices, statements, overdue reminders, and other documents with as many different formats as your company needs.
Statements and other documents contain full contract summaries. You can add any information from the job or client databases to these documents.
Call sheets and agings are also available for efficient collection management and processing. You can produce aging reports at any time, which can be 'as of' the end of any prior fiscal period to match financial reports for the same period.
Choose from several construction-specific billing methods available for Accounts Receivable — including progress billing (AIA format), time and materials, contract, milestone, unitary, and loan draws – to match work performed with the fastest and most appropriate invoice method.
Accounts Receivable Reports Manage your receivables more effectively and generate better cash flow with these reports. Take advantage of the report drill-down capability to navigate to the numbers and background detail behind the scene. You can also update the information in real time for accurate, up-to-the-minute analysis.
General Ledger forms the backbone of the accounting system. It receives information from all functions that affect the accounting process including Accounts Receivable, Accounts Payable, Payroll, Inventory and Service Receivables. You also can make entries directly into the General Ledger for cash, checks, deposits, journal transactions, and recurring transactions.
The General Ledger supports up to 10-digit account numbers. True subsidiary ledgers are maintained so that data entry is simplified, with lookup windows for each controlling account.
All 12 accounting periods for the year as well as the 12th period of the prior year are available for posting, and you may control posting to any period. Entries made to the prior year will automatically update the prior year archive ending balances as well as the current year beginning balance.
You can print custom financials and multi-company financials as well as standard accounting reports at any time for any period. A bulletproof audit trail creates a secure system from accounting to job costs, complete with automatic auditing of all stored balances back to their original entries.
The easy-to-use Check Reconciliation feature makes reconciling to your bank statement a simple process for any number of checking or savings accounts.
General Ledger Reports Take advantage of the report drill-down capability to navigate to the numbers and background detail behind the scene. You can also update the information in real time for accurate, up-to-the minute analysis.
Take the "pulse" of your business at any moment with these informative reports. All Sage 100 Contractor reports can be customized for your specific needs.