Argus ERP for Contracting Companies

Argus ERP for Contracting is an integrated Business Operation Solution that brings effectiveness on operations and people with high competitive edge in the industry. It provides easy, accurate and timely retrieval of files and activity-oriented information through menu driven, user-friendly functions

• v  Project Levels and Cost Codes - Unlimited level of project structure / categorized project levels, unlimited number of cost codes
• v  Project Budgets, defining project cost estimates and budgets by cost codes or project levels. . In so doing, the management will have an overview of the cost allocation and decide what action to take if a particular cost element exceeds the budgeted cost.
• v  Budget Revisions allows budget variations and budget transfers. Track project budget Variations from the submission stage till approval for any addition or omission to the initial contract specifications. A history of contract revision is kept for comparison purposes
• v  Project Contract, project file information such as client profile, start & completion date, original project sum, project quantities, retention rates, terms and conditions, and other important project information
• v  Retention amounts are automatically computed based on contract specification and kept in a Balance Sheet account. It allows for full or partial retention release. Once approved for release it will then be reflected in Accounts Payable module for payment.
• v  Sales Invoices, revenue recognition through manual invoices or recurring invoices based on the project contract terms. Revenue is captured via Sales invoicing. The system allows the specification of the retention amount and the corresponding GL Account code during invoicing. This saves time and reduces the mistakes that can be made with the re-keying in of information.
• v  Project in Progress, the expense claims booking against projects. It tracks all project revenue and cost in detail, including committed cost on a cumulative real-time basis as well as the financial progress of each project over the life of the project and segmented into its respective reporting periods.
• v  Project Costing, the system allows preparing the project cost based on the project completion %, through easy steps. So that the Project in Progress value will be moved to expense account for the selected project.
• v  Overhead Cost/ Administration Cost distributions, the system can distribute the common over head cost or administrative expenses through automatic process among the running projects or jobs. The distribution can be based on the value or activity percentage.
• v  Project Level Ledger, the system keeps the entire transaction on project levels and cost codes, so that project level ledger brings you the entire picture of the project
• v  Project Ledger, the project ledger gives you the full analysis of the project with expenses and revenues incurred for the project
• v  Project Variance List, the system generate a project variance list to compare the actual verses budget
• v  Project Profit Analysis, the project profit analysis shows the project revenues, actual expenses and the profit and can drill down to the detailed reports
• v  General Ledger - The chart of accounts with general and sub account types. The sub account type includes job and cost codes for entries to job cost control accounts
• v  Payroll - Powerful easy method of controlling the most complicated payroll process and Allows daily labor costing to job cost. The system allows for an employee's time to be posted to Jobs with multiple workers’ Compensation codes based on the employee's specific task of the day or Labor Classification. Payroll module lets you to choose pay methods, set user-defined deductions and automatically calculate employer burdens. Prevailing wage reporting for state and federal projects can be based on job site location.
• v  Accounts Payable - System control over disbursements, cash requirement projections, immediate review of each vendor's payable and paid items, distribution of charges and discounts to the general and job ledgers, and prevention of costly errors such as duplicate invoices, P.O., or subcontract overruns, accidental charges to closed jobs, etc.
• v  Accounts Receivable - Sales gives you the information you need to manage the most important aspect of your business - your cash flow. Manual invoices can be distributed to any number of jobs and revenue codes or to general ledger accounts. Invoice detail is retained for as long as you need it.
• v  Subcontract Management - The system gives you the complete control over your subcontracts. Each contract retains its original contract amount and the contractor details.
• v  Purchase Order Management - Purchase Orders allow you to hold your vendors to the agreed upon pricing conditions. A purchase order can be coded to an inventory item, job and cost code, or straight to a general ledger account.
• v  Inventory Control - Inventory system gives you the complete control over your inventory. The system allows receipt of inventory through the purchase order system and issue materials to multiple jobs and cost codes or return excess materials from jobs back into inventory.
• v  Fixed Assets – the system keeps the information for Vehicles, buildings, tools and equipments. The depreciation can be calculated monthly or yearly through easy process.