Cost Accounting Software

Posts Tagged ‘construction’

This video clip covers WinEst’s integration with leading cost-accounting and scheduling applications.

www.maxwellsystems.com Construction software for job cost accounting, estimating, and project management that brings it all together in one solution is an invaluable resource for Mid-State Paving & Excavation, explains owner Steve Wagner. This sitework contractor utilizes Maxwell Systems ProContractorMX as a single solution for end-to-end control of critical business operations. Levering this complete construction software solution, Mid-State can be a better company with the ability to analyze costs and be more competitive.

www.maxwellsystems.com “Construction business management software for job cost accounting, estimating, and project management that brings it all together in one solution helps the team at Mid-State Paving & Excavation to be a team, explains Steve Pope, administrative manager for the sitework contractor. Their business uses Maxwell Systems ProContractorMX as a single solution for end-to-end control of critical business operations throughout the project lifecycle. Using this software, Mid-State has up-to-date job cost information, which they find so critical to know where to make changes, as quickly as possible, to be most profitable on jobs. Plus they have a tight audit trail from estimate through billing and job execution. ProContractorMX construction management software is their overall solution to help everyone at the company.

www.maxwellsystems.com Construction business management software helps JO Mory Inc. to automate processes for estimating, job cost accounting, and project management. John Mory, CFO & controller for the HVAC company, explains the value of using an end-to-end solution from Maxwell Systems to manage the entire project lifecycle. This software solution helps them keep up with the times by knowing accurate pricing, tracking jobs for optimal profitability, and bringing data together easily to analyze and run reports.

Construction means Mason Lab will close, see changes
The computer lab 010 in Mason Hall closed Tuesday because of a renovation issue.

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Product Description
Sage Peachtree Premium Accounting for Construction 2011 Multi-User Edition provides access for 5 licensed, named users* with screen-level security and a clear audit trail, easy-to-use accounting tools, and Crystal Reports 2008. Construction features include progress billing, labor burden calculation, insurance expiration tracking, and retainage* management for payables and receivables. Three different methods for calculating progress billing payments are provided. A… More >>

Sage Peachtree Premium Accounting For Construction 2011 Multi User

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Contractors talk straight. They share their experiences of using a Maxwell Systems construction-specific accounting solution to help improve payroll, reporting, workflow, and more.

Clark Construction Company Receives Silver Constructech Vision Award
SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Computer Guidance Corporation Customer Clark Construction Company Receives Silver Constructech Vision Award

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If your company is searching for new construction accounting software, one of the big decisions that you’ll need to make is whether or not you want to use the software to handle your payroll functions or if you will be outsourcing your payroll to an external service provider. This article will provide some tips and advice about the pros and cons of each option.

Handling Payroll Internally

Modules that are built in to some construction software packages enable you to easily track all of the details associated with your organization’s payroll. The software can be made to run reports that make it easy to complete year end government reporting as well as tracking time and labor costs on the client, project, or employee level. These software packages generally begin with some generic templates that can then be modified to show the data that your company is most concerned about seeing. This ease of use will allow you to quickly see things like how many hours were spent the the Tiger Boulevard project in the past 3 months or how much time Mike Davis has spent on projects X, Y, and Z since June. This kind of data can be very powerful in showing how efficiently your labor force is being utilized and can shed light on areas to make improvements.

Using your own software to do payroll also has the advantage of eliminating the need for double data entry. Since the entire system will be integrated, as soon as an entry is made for Mr. Davis in Project X’s job cost, the same data is automatically entered on his individual payroll statement as well as in every other relevant area (the client’s labor statement, time spend on the task over all jobs, etc.). This improved efficiency results in less time spent on data input and monitoring, leaving more time for value-added activities throughout the entire organization.

Outsourcing Payroll Tasks

If you prefer the ease of sending payroll information to an external payroll service and having them handle the details you can obviously still continue to do so. External payroll services are nice because they specialize in that area, so their accuracy when it comes to report generation, tax reporting, and so on will be top notch. They allow payroll and tax reporting to get done properly with minimal oversight from the construction company, which is preferable to some companies that do not have the necessary level of expertise on staff to ensure everything is done properly.

If you decide to use a payroll service, you will probably still need to have an accounting system that is compatible with the system that they use, which is something to consider when you’re looking for new construction accounting software. Before making any new investments, check with your payroll service provider to ensure that the system you are considering will be compatible with their system to prevent a huge, and costly, headache down the road.

To Each His Own

In the end, the choice you make will depend on your personal preferences. If you prefer to have hands on access to all the information in real time, then handling payroll internally is probably the way to go. On the other hand, if you want to simplify your day to day operations by not having to worry about payroll, then outsourcing is probably your best choice. You will need to decide which provides the most value to your company, and each company will be unique in that manner. There is no right or wrong answer that can be applied to all companies.