Construction Management

Financial Management for Commercial Construction

General contractors, commercial real estate developers, owner/operators and subcontractors are on the road every day–keeping their projects and businesses on schedule and on budget. It’s the key to making money on commercial construction projects.

Acumatica Construction Edition keeps your team on the same page, relying on a core system that has the latest project reports, contracts, budgets, plans, specifications, change orders, invoices, purchase orders and job costs. The platform includes the Acumatica Financial Management Suite, which includes a core set of financial modules used by almost every business.

IBS can help you select and deploy the modules that are necessary for your business, without overwhelming your team with unnecessary features. As your business grows and becomes more complex, we can add modules and support to deliver the business insights you need to improve overall efficiency and maximize profits. We can also develop custom dashboards and workflows to help you optimize your business.

For owner/operators, the construction management system is fully integrated with Imperium, our property management suite.

The financial management suite is a secure, SaaS solution with reporting, dashboards and data analytics available on phones, tablets and PCs—anywhere, at any time.

 

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Financial Management Suite Modules

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General Ledger

The hub of Acumatica’s finance system, the General Ledger (GL) module is the central repository for collecting and analyzing your financial information. Dozens of pre-designed reports can be tailored for departmental or individual use through filtering and sorting options at runtime. GL data can also be presented in dashboards or viewed online via inquiry screens. Entries can be made directly into the GL or they can be made from other Financial Suite applications and posted in detail or summary into the GL.

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Cash Management

The Cash Management (CA) module provides functionality required for managing day to day operations related to cash transactions, cash balances, funds transfer, and bank account reconciliation. The Cash Management module is integrated with the General Ledger, Accounts Payable, and Accounts Receivable modules to centralize all cash management functions such as bank reconciliation, daily cash balances, and cash management reporting.

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Accounts Receivable

The Accounts Receivable (AR) module allows companies to manage receivables and automate the tasks of invoicing customers and collecting payments. There are several time-saving features such as defaulting of customer information on entry, automatic tax computation, commission calculation, discounts, and due dates calculation. Report and inquiry screens allow you to monitor customer balances, credit limits, pending documents, check aging buckets, and view other customer-related information.

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Accounts Payable

The Accounts Payable (AP) module allows companies to efficiently manage liabilities for purchased or received goods and services. This module accumulates, stores, and organizes vendor information and documents to automate the payment process. Transactions can be entered quickly and accurately with automatic population of default vendor information and accounts, automated calculation of taxes, flexible payment schedules, cash discounts, and more. Comprehensive reports and inquiry screens provide a complete overview of current AP state and analysis of historical vendor performance.

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Employee Portal

The (EP) module allows companies to automate the process of entering timesheets, submitted expense claims, and assigning work. The EP module works with Accounts Payable for expense payments to employees and with Accounts Receivable for time and expense billing to clients. Centralized task management allows everybody in your organization to create, assign, and manage tasks within the guidelines of your business policies.
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Currency Management

The Currency Management (CM) module provides functionality to support multiple currencies so you can do business internationally and manage international subsidiaries. The CM module maintains a list of currencies, tracks exchange rate fluctuations, and performs periodical revaluations for currency denominated accounts and documents in foreign currencies with automatic calculation of gains and losses. Flexible translation options allow you to configure reporting in a foreign currency if needed and automatically performs currency translations.

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Fixed Assets Management*

The Fixed Assets Management (FA) module provides complete visibility into your assets and depreciation calculations. You can add fixed assets directly from AP purchases, import them from a file, or add them individually. Select from a huge number of pre-defined depreciation schedules or create custom schedules for accurate accounting and reporting. Utilize special books to track tax and reporting scenarios separately from your general ledger accounts.

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Inter-Company Accounting*

Inter-company Accounting automates financial reporting, payments, cash management, and inter-company transfers across multiple related companies. The features are integrated with other Acumatica modules so you can manage inter-company payments in AP, centralize invoicing in AR, create inter-company journal transactions in the GL, manage inter-company goods transfers in inventory management, setup company-specific cash accounts in cash management, and more.

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* Please note that Fixed Assets and Inter-Company Accounting are sold separately