Financial Management

Combining robust cost management with a complete line of financial reporting options, Financial Management synchronizes job costing and ongoing changes with hard financial data. The integrity of Financial Management audit trails gives you peace of mind. Job Ledger balances to the General Ledger and historical detail is maintained. Accounts Payable and Accounts Receivable are specifically tailored to fit industry needs such as tracking retention and discounts.

Financial Management includes features such as streamlined transaction entry, warnings for questionable entries, and automated bank reconciliation. In addition, a variety of billing forms (including AIA), invoice forms, and numerous reports give you control and flexibility with your financial data. Drill down to transaction detail or zoom out in Command Center for a “big picture” of your financial standings.

• Accounts Payable provides strict control and flexible processing of financial obligations. Tight integration with General Ledger, Job Costing, Purchase Orders, Subcontract Control, Equipment Costing, Material Handling and Service Management ensures that commitments and payments are processed efficiently and accurately.
• Accounts Receivable handles the special requirements of construction and service billing. This American Contractor component provides information needed by managers to minimize questions and disputes, monitor accounts receivable, and pursue timely collections.
• General Ledger features a powerful financial statement formatter, recurring journal entries, and complete integration throughout American Contractor.
• WIP and Bonding reports are automatically created whether you are on a work-in-progress or direct cost accounting basis.