Acumatica's Construction Edition delivers a complete, real-time view of ongoing projects and includes powerful financials, job cost accounting, project management, inventory management, payroll, and more. Access critical information from anywhere and on any device so you always have a clear view into the profitability of projects.
Below is a short breakdown of the functionality found in Acumatica's highly rated Construction Edition.
Robust financials are simple enough for smaller contractors and scalable for more complex contractor needs. Acumatica Financial Management has standard financial processes (GL/AP/AR) and reports plus multi-company, multicurrency, and intercompany accounting, fixed assets, recurring and deferred revenue, and cash management.
Easily manage AP workflows, from entering an invoice through approval routing and cutting checks. Seamless customer billing, driven by real-time project costing, including up-to-date costs on labor, material, equipment, and more. This detailed job cost information will help you proactively identify problem areas in current jobs and provide you with information to estimate future projects accurately.
Gain a complete view of your project details—including real-time field updates—providing instantaneous information flow between your project management team, your back-office workforce, and management. Easily manage and track all activities, issues, changes, project documents, and job costs from one central area.
For both accounts receivable and payable, manage initial retainage and any changes to streamline invoicing and payments. Retainage tracking is supported for progress billing and time and material billing of projects. Plus, project cost commitments are calculated with respect to retainage in purchase orders.
Flexible payroll adapts to any construction organization. This solution supports multiple unions, locals, classes, benefits packages, and complex wages, as well as certified wages, executive compensation, and commission structures.
Control cost overruns by automating your project commitments and change order processes. Easily create and track your subcontracts' status and purchase orders, including comparing budgets to actuals, tracking line-item committed costs, and monitoring up-to-date vendor payment status.
Effectively manage lien waivers and releases, insurance certificates, and status updates, providing expiration and other alerts to staff and suppliers.
To have complete visibility into your business, from field operations to back-office operations, you need a full end-to-end solution. With Acumatica you'll have your accounting connected to all other facets of your construction business; you'll be able to quickly generate reports displaying projects and the percentage of completion; completely track projects from start to finish while maintaining document control for change orders. If you want a fully connected business, contact Empower's experienced staff to learn more.