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Construction for Sage Software

Construction for Sage 50

Through our strategic partnerships with Sage and Eque2, Solutions for Accounting are able to help smaller construction and contracting businesses run at optimal efficiency and profitability, Construction for Sage 50 Accounts (by Eque2) is a financial and operational management solution that streamlines processes between contractors, subcontractors and HMRC. Features of the solution include:

Software to control contract costs

Construction for Sage 50 Accounts helps you to take control of contract costs, meet budgets and monitor subcontractor insurances while at the same time assists with the creation of purchase orders and delivery notes for plant hire and materials purchase orders.

  • Immediate access to critical contract management information, at all stages of a project, from an infinite amount of contract cost elements brought together in multi-level sections
  • Focus on building profits with subcontractor self-billing, customer invoicing, and sales and purchase retention tracking
  • Complete visibility of important management information with full drill-down through analysis codes and groups to transaction detail line
  • Flag overspends immediately by constant monitoring of actual costs against estimated/budget
  • Maintain full cost control through the management of purchase order processing from generation to goods received and on/off-hire notes and purchase invoice, checking budgets, rates and quantities

 

Meet HM Revenues & Customs legislation

Comply with up-to-date legislation by recording, verifying and reporting on subcontractor tax (CIS) to HM Revenue and Customs (HMRC).

  • Reduce the risk of transposition mistakes that could lead to higher tax rates by removing the need to maintain manual records and contact HMRC by phone
  • Support payment to HMRC by creating and submitting monthly return of tax deducted via the Internet Submissions module
  • Applications recorded and both self-billing and authenticated receipts generated, along with automated retentions, CITB deductions, discount and CIS processing
  • Handle complex VAT requirements with certification and payment receipt processes, including retentions and discounts
  • Allow VAT deferral in-line with HMRC until payment date or authenticated receipt

 

Better construction cash flow management

Use Construction for Sage 50 Accounts to ensure no unforeseen costs arise, and to generate quick, accurate billing information by tracking and analysing valuations, applications for payment and retentions.

  • Reduce liabilities and ensure that outstanding monies are claimed by deducting, recording and reporting on both subcontract and sales retentions
  • Enhance credit control through the creation of reports that show monies applied for, certified and paid by client and/or contract
  • Fast cash entry and analysis direct to back accounts

 

Share Information

Make it easier to share information throughout your whole business by storing it centrally in one integrated system.

  • Eliminate repeat entry and reduce processing time and overheads with a system that allows payroll integrated and non-payroll timesheets to be entered with batch processing
  • Manage labour committed costs with works order and timesheet matching
  • Be more time and cost effective with a reduction of paperwork and improved accuracy, transferring all information into contracts with no re-keying of data

 

Produce precise quotations

This construction software allows you to create tenders and quotations easily from enquiry register, through subcontract enquiry and comparison, to tender submission. You can easily convert all successful bids into contracts with the minimum of keystrokes.

  • All enquiries received are logged with site, contact and return date details
  • Multi-level sections and composites are created from an unlimited number of items from a library that allows users to create sub-libraries of rates, sections or whole quotes for insertion
  • Provide detailed feedback for future construction tendering by comparing purchase and actual costs on won contracts
  • Select suitable suppliers and/or subcontractors by trade and/or region through interrogation of database
  • Create detailed enquires and compare prices on screen when quotes are returned
  • Enable budgeting and costing by plot or unit with flexible bill structures that have separate sections for general site costs, communal areas, etc.

 

Software for managing subcontractors

  • Supply accurate subcontractor information
  • Ensure correct tax rate is applied by verifying subcontractor status and information with HMRC online
  • No need to keep manual records
  • Eliminate transposition errors
  • Keep an up-to-date record of company names, unique tax references and NI numbers
  • Generate monthly payment statement reports directly to be issued via email
  • Record applications and generate self-billing and authenticated receipts
  • Automate retentions, discounts, CITB deductions and CIS processing

 

Construction reporting

  • Report on monies applied for, certified and paid, by client and/or contract
  • Provide details of payments made and tax deducted for each subcontractor through payment reports
  • Analyse job costs with contract orientated management reports
  • Subcontractor and sales retention reports
  • Provide detailed feedback for future tendering by comparing purchase and actual costs on won projects with analysis reports

 

Software for managing contract financials

  • Drill-down through analysis codes and groups to transaction detail lines
  • Visibility of management information
  • Analyse job costs through contract orientated management reports
  • Actual costs measured against estimated/budget
  • Overspends flagged-up immediately
  • Deduct, record and report on retentions

 

Effectively generate quotes

  • Log all enquiries received with contact, site and return date details through enquiry register
  • Build sub-libraries of rates, sections or whole quotations for insertion with flexible billing structures/libraries
  • Detailed feedback for future tendering provided by comparing actual costs on won projects through analysis reporting
  • Find supplier and/or subcontractor by trade and/or region in database
  • Create detailed enquiries easily
  • Returned quotes compared on one screen
  • All details of a quote transferred top contract module with minimal keystrokes
  • Allows user to control costs, purchase and produce valuations
  • Flexible bill structures allow budgeting and costing by plot or unit, with separate sections for general site costs and communal areas, etc.

 

Integrating business processes

  • Eradicate repeat entry of data into individual disparate systems
  • Monitor costs from quote/budget through committed/actual costs, applied/actual sales, down to accounts and payroll
  • Integrate with Sage 50 Accounts and Payroll
  • Eliminate repeat entry with payroll integration timesheets processed by batch

 

Call us now on 0115 840 5075 for further information.

Solutions for Accounting Eque2 Accredited Partner