Applications in Acumatica Construction Edition – Help Reduce Costs and Speed Up Order Processing
Acumatica Construction Accounting ERP software incorporates every aspect of the business process to control costs, which includes:
Job Costing
This allows you to track labour, equipment, and labour costs from any web-enabled device that keeps project management and accounting in alignment.
Contracts and Budget
Budgets linked to contracts details, accounting, and project plan for managing change orders, overheads, profits, and fees in real-time.
Change Orders
Budgets, committed values, and profitability are recorded for every change based on the customer. It is a document for profit analysis and audit of project revenue budget, estimated costs, and commitments.
Payroll
It provides effective support for different unions, benefits packages, complex and certified wages, and workforce compensation.
Retainage
It can help manage initial retainage and streamline invoicing and payments for both accounts receivable and payable. Retainage tracking supports progress billing and material billing of projects. Also, project cost commitments are measured in regards to retainage in purchase orders.
Mobile App
You can capture time, project challenges, expenses, change requests, and more via a mobile app. This can help enhance productivity and ensure your construction project runs as smoothly as possible.
Estimation
Accurate construction estimates take every facet into consideration from material to labour, overhead, and other miscellaneous costs. You can calculate costs and gain detailed estimates of new or existing parts using data of material costs, overheads, and work centre rates.
Cost Calculation
You can combine elements from BOM and routings with standard costs defined in your database. This allows you to maintain a multitude of standards for quoting, accounting and costing. You can further use these standard cost collections for cost comparison, estimating, and management reporting.
Production Cost
Calculate actual costs for labour, overhead, materials, services, miscellaneous, and other expenses related to work, project item, shift, day, account, customers, and other factors. Detailed data is gathered for each product and activity costs are sent to General Ledger for advanced reporting and analysis.
Data Collection
Cost data generates automatically from inventory levels (receipts, issues, and adjustments), operational transactions, order management, labour, reporting, and more.
As you can see, Acumatica ERP has everything you’ve always been looking for cost tracking and project management. If you’re struggling with legacy construction accounting software, it’s better to switch to Acumatica Construction Edition to allow seamless flow of data and timely cost calculation at every step of the process.