Critical Success Factors in ERP

Here in this blog, I wish to discuss more about common pains in ERP Software Implementation. ERP software integrates and automates all facets of business operations. This includes all modules required to an organization such as Inventory Control, Procurement, Sales, Finance and Human Resources. We can define it as a company-wide computer software system used to manage and coordinate all the resources, information, and functions of a business from shared data stored. ERP is very useful as it saves lots of time of every individual within the enterprise.

However, the implementation of ERP is a complex exercise, and many adopters have encountered problems in different phases. Once you decide to buy ERP software what are the steps you have to carry out? Hope most of you already aware that the difficulty in ERP implementation. The high failure rate in the implementation of ERP calls for a better understanding of the process. In order to reduce the failure rate of ERP implementation, a number of studies have attempted to identify the critical success factors in the implementation of ERP.

What is CSF? CSF means critical success factors here describes about success factors in the implementation of ERP. CSFs are the few key areas where ‘‘things must go right’’ for the business to flourish and for the manager’s goals to be attained’. CSFs for ERP implementation bring a concept that helps an organization identify the critical issues that affect the process of implementation. Though a better understanding of the CSFs for the implementation of ERP, an organization can determine the corresponding solution to eliminate or avoid the most common causes of failure in implementation.

You can have an in-depth overview about CSF in the article ‘Examining the critical successfactors in the adoption of enterprise resource planning’. In the article, through a review of the literature across 10 different countries/regions, 18 CSFs were identified with more than 80 sub-factors, for the successful implementation of ERP. The 18 CSFs are as follows:

1.      Appropriate business and IT legacy systems

2.      Business plan/vision/goals/justification

3.      Business process reengineering

4.      Change management culture and programme

5.   Communication

6.      Data management

7.      ERP strategy and implementation methodology

8.      ERP teamwork and composition

9.      ERP vendor

10.   Monitoring and evaluation of performance

11.   Organizational characteristics

12.   Project champion

13.   Project management

14.   Software development, testing, and troubleshooting

15.   Top management support

16.   Fit between ERP and business/process

17.   National culture

18.   Country-related functional requirements

Argus ERP - Inventory Valuation Methods

Inventory valuation is very important for companies, as it is a major portion of assets and part of the balance sheet. So the company should valuate the inventory with most care and aware of the the valuation methods that suitable to their business environment.

When an inventory item is sold, the inventory account should be reduced (credited) and cost of goods sold should be increased (debited) for the amount paid for each inventory item. This works if a company is operating under the Specific Identification Method. That is, a company knows the cost of every individual item that is sold.

The inventory valuation method gives 2 important values 1) Cost of Good Sold (COGS) and 2) Ending Inventory. COGS shows on the Income Statement, while Ending Inventory shows on the Balance Sheet. Company inventory value can be determined as

Ending Inventory = Beginning Inventory + Purchases – COGS

There are three inventory-costing methods that are widely used by both public and private companies (Argus Inventory Software supports):

1.    First-In, First-Out (FIFO) - This method assumes that the units sold are oldest units on hand.

2.    Last-In, First-Out (LIFO) - This method assumes that the units sold are newest units on hand. 

3.    Average Cost - This method assumes that the weighted average of all units available for sale 

Importance of Inventory Valuation

When dealing with inventory items, we know the market shows different trends in trading of various products. The prices tend to increase or decrease, which means the choice of valuation method can dramatically affect ending inventory.

If prices are increasing, each of the valuations methods produces the following results:

• FIFO gives us a better indication of the value of ending inventory (on the balance sheet). It also increases net income because less cost old inventory is used to value the cost of goods sold. But should note that increase the amount of taxes that a company must pay.
• LIFO is not a good indicator of ending inventory value because the left over inventory might be extremely old and, perhaps, obsolete. This results in a valuation that is much lower than today's prices. LIFO results in lower net income because cost of goods sold is higher.
• Average cost produces results that fall somewhere between FIFO and LIFO.

If prices are decreasing then the complete opposite of the above is true.

For your company, you can review these valuation methods and decide one of them suitable to you. The chosen method must be applied consistently from year to year.

Selecting Accounting Software for your business in Qatar

Present business age, nobody can think of doing business with out using computers. Not only computers, you should have a proper business accounting software to manage your business efficiently. Especially Qatar market is growing rapidly and people looking latest technologies to compete others by improving the business performance in all areas. One of the main concern is to automate your business transactions, say, using a good accounting software. You can see lot of offering from various companies with different look and feel.

Accounting software can not only help you reduce human errors in your calculations, but it can help you gain insights into your business that you couldn't see in paper form such as generating sales forecasts for the next quarter, determining which items are overstocked, and pinpointing your least profitable service.

Finding the best accounting software program for your business can be a challenge, with an explosion of shrink-wrapped software products and online application offerings. In order to choose a business accounting software program, you need to understand some business accounting basics, take a good look at your business and its accounting needs, and assess the products available today. Finding a good one is not easy task, you have to check some factors relate to it and take a decision. Understand your business needs and choose a business accounting software that best suits your business. 

You have to study your primary requirements first. What modules and features you need in the system. Decide first whether basic needs enough or you require in detailed. The major another thing, you should have budget. Budget should balance with your requirement as you can’t expect a full feature one with very less budget.

Before selecting a vendor for your software product, you should consider the following matters to have a right decision based on that: 

1.    The size of your business

2.    Modules and features that you required

3.    Financial resources like budget for software & hardware

4.    Company environment and staffs to adapt the changes with software

5.    Ease of use

6.    Vendor availability and reputation

7.    Post implementation support

All above factors are equal important, other wise, the software may not 100% success in any enterprise. So study first to select a right vendor for a right implementation plan and get continuous guidance whenever required. 

How to Promote or Improve your business using IT Soutions

When Qatar won the World cup 2022, every business owners may delighted with high confidence. Qatar promised to spend $50 billion on infrastructure upgrades and $4 billion to build nine stadiums and renovate three others. So construction activity in Qatar is expected to witness a significant surge. This will catalyse a lot of a lot of infrastructure projects and hope for business owners to do further investments. 

So what you think in relate with technology, no doubt, that is must for any business. Surely, business owners might be looking competitive advantage over others. My suggestion is to ask the following questions to self and find answers. How can you catch this opportunity to grow your business? How can you improve your business? How can you promote your business? Want a surefire way to increase your business this year? You should think of technologies that can help you to do business right way by competing others/ improving your performance.

Website

Your business simply has to have a website. These days, that's not a very expensive endeavor. A Web site has become nearly as essential as a telephone or fax machine or printed brochure. Increasingly, people search the Web rather than the Yellow Pages when looking for a service or product. Providing information to your customers takes time, whether it’s on the phone, face-to-face, in a brochure, or in emails. With an online catalogue you can provide lots of information about your products and services. Once your website is up and running, it is available to your customers indefinitely, saving you time.

Make use of email & online marketing

Email is one of the best methods of online marketing and it doesn't cost you much to use it. Marketing having to do with email includes:

·         Make use of the automatic signature. It should include your name, contact information and website. You can also highlight promotions that you're running or specific services in your signature.

·         Contact lists. Email is a terrific way of staying in touch with clients and potential clients. Make sure to include all new contacts in your email address book.

·         E-newsletters. You can create a brief newsletter which you email to everyone in your address book. This keeps your name on people's minds and gives them a reason to learn about what you're doing

Luckily, the Internet offers numerous methods of online marketing (SEO and SEM) that don't cost a lot of money.  You can find the methods helpful for gaining website traffic and increasing customer flow to the business.

Automation of business (ERP Software)

The business solution helps you to run your business smoothly and to promote growth in business. Look for software that can integrate all the key business operations, synchronizing all those, gives new planning and optimizing the resources available for the business. The automation of your business help significantly improve your business metrics by process optimization, better inventory control, better reporting to take decisions, integration across functionality and increasing transparency across the company. Purchase department can see the sales department data, Sales department can see inventory data, and top management can see any data on a click of single button.

How ERP system benefits your business ?

Enterprise Resource Planning or ERP in short, is the business solution, which helps an organization to run its business smoothly and to promote growth in business. ERP has been designed and developed in such a way that it can integrate all the key business operations, synchronizing all those, gives new planning and optimizing the resources available for the business. 

ERP is not just software it is a combination of software, processes and procedures used to reduce redundancy, create  efficiency and provide a platform for growth. So the solution can be accomplished through 3 major areas: 

1. Software

2. Implementation/training/ process

3. Guidance

The software provides that foundation, it is basically the tool to process the information. The best software system is the one that does what your organization needs it to do. Keep in mind that even the best system doesn't work if you don’t set it up and use it properly. Don’t get me wrong the software is important but not everything.

The main difficulties that an organization feels in order to run a business are the need of quick information. For making any crucial decision for running business one has to have all information with them and also the information which they require at any point of time should reach to them immediately. ERP improves coordination between all operations; it can simultaneously streamline the workflows and processes them according to the priority level, and hence giving benefits to the user. After installation of a proper ERP system the organization becomes more active in terms of time management. Another vital importance of ERP is of better marketing opportunities. ERP investigate every segment properly and thus gives solution to many debacles existing in an enterprise. 

The implementation of ERP system has helped small and mid sized companies, significantly improve their business metrics by process optimization, improving the entire business process, better inventory control, better reporting to take decisions, integration across functionality and increasing transparency across the company. Purchase department can see the sales department data, Sales department can see inventory data, and top management can see any data on a click of single button.

The introduction of ERP in any company has also helped it move up the value chain in term of market credibility and building the confidence of its customer, stakeholders and vendors. Most of the small and mid sized companies were living with in-house developed applications which are non-integrated and on disparate technology architectures. This has resulted in running with redundant technology, loss of support, non availability or less availability of critical information at the right time resulting in overall business loss.

Choosing the right Inventory Management Software

Why to have Inventory control software for you business?

Inventory control software systems have become inevitable in almost all of the business today. Inventory control software is a constitutional part of keeping the business moving fluently, whether it is an intense production unit or some service-oriented industry. The usage of software tools specifically designed for inventory control and management run deep into a company’s long way in keeping a company’s wheels running smoothly.

Inventory control software helps in inventory tracking and controlling the levels of stock, both real-time as well as batch stocks. The software usually has interfaces that can determine when stock needs to be reordered or needs to be scaled down because of less demand, which gives user the complete control over the inventory life cycle. This helps to keep the inventory always stocked up so that the user would never ever lose an order because of insufficient stock. The software can also spot potentially unwanted and old dying stock. It can track sales by drawing out intelligent trends and fact sheets over a period of time and report on orders that are expected to follow.

Argus Inventory Management solution in Qatar offers the most of the features, which is affordable to any small to medium business organizations. 

Choosing Accounting Software for your business

The accounting software systems provide major advantages such as speed and accuracy of operation, and, perhaps most importantly, the ability to see the real-time state of the company’s financial position.  When using a computerized accounting system the on computer, input screens have been designed for ease of use. The computerized ledger system is fully integrated.  This means that when a business transaction input on the computer, it is recorded in a number of different accounting records at the same time.

If you are just getting started in a business and want to make keeping the accounts yourself a bit easier, you can do this with accounting software. There are all sorts of different types of software you can get for accounting purposes, so it can be difficult to decide just which software is right for you. You will need to think carefully about your accounting needs to make it easier to narrow down the options that are available.

First of all, you want to figure out what features you need from your accounting software, since this will determine whether you will be able to start with a basic program or whether you will need something that is a bit more advanced. Especially if you don't have any employees and are just getting started you will probably be able to manage with a basic software package.

When you are choosing your software program you will want to look into the reviews for the various programs in order to learn more about the pros and cons of each type of software so you can make a more informed decision on which one to use for your business.

Of course if your financial transactions are complicated and you have a lot of them, you might want to get an accounting program that can be customized to suit your needs. These types of programs are likely to be more expensive, but they will make things easier for you overall so the added expense is probably worth it.

You will probably want to choose a program that is relatively easy to learn and to use in order to set up your accounts, so you won't have to spend a lot of time doing this. Once you get set up a program like this should save you time.

ERP Software in Qatar

Are you looking for an ERP Software? I think the first factor you may be keep in mind to find a cheap one. A cheap software system doesn’t mean it’s the best solution to your needs, that may be, if you have very minimum requirements . Do a minimum study about the system before selecting a cheap solution. Many factors come into play when purchasing an expensive or cheap ERP Software. This decision will determine how successful you company will be now and in the future. Operating your company efficiently and productively should be of most importance and far greater than saving a few thousand riyals.

What you have to remember is your company will be using this software daily and calling in for support. Will your company receive adequate and proper training? If you have communication barriers not allowing your employees to get the proper support and or training your company as a whole will suffer.

What should you look for in an ERP Vendor? 


Consider the following factors

1.    Ensure the company is in your country and speaks your language.
2.    Ask detailed questions about customization and modifications.
3.    Determine if the support and training will ensure success within your company.
4.    Look at their current client list and see if you fit in this industry.
5.    Ensure you’re allowed modifying the software internally within the company.
6.    Ensure you have the ability to still receive the greatest and latest upgrades from the company.
7.    Hourly rate of the programmers when support or training is acceptable.
8.    Vendor employees giving you more attention to your queries or how they are available to serve you.
9.    Determine the skill level of the ERP Vendors programmers. Ask advanced questions and see how long it takes to get an answer back.

10.    Do your research. Talk to other company’s that use their software and see if they’re happy with their service.

Argus ERP Software for SME in Qatar

Argus ERP software is developed purely in Qatar through several years of research and development. We have a thorough understanding of requirements that Qatar businesses come up with and therefore, have designed and developed the product in accordance.  Our number of satisfied customers during the last 2 years indicates that Argus ERP is certainly the leader in SME market. Our focus is on SMEs because they present the largest potential. 

IT is always very difficult to convince people about the benefit of a new system. This is not due to any short comings in the system, but the people who are used to work on an earlier system for years will not accept the changes that easily. We are trying to educate the Qatar market, that  will help the users understand the benefit of it. It can bring a lot of benefit to the users as well as the organization. Working methods will become much easier for the users. This will make the users getting more time to concentrate on their job instead of breaking their heads to carry out their usual work.


Argus ERP for SME is designed to provide the small and medium enterprises to implement a suitable resource planning which will guarantee a return on investment, thus making it to grow their business beyond their expectations and margins.


The key operational factors for SME is to increase operation efficiency, boosts productivity, and deliver product to customer. The major obstacle for the SMEs is the cost element associated with ERP implementation, which are usually very expensive. Argus ERP is priced at various levels and be afforded by even very small industrial units.

What's MEA enterprises looking for innovation, BPM or ERP or Both?

I have gone through lot of articles and blogs and do some study what would be the Middle East market looking. What I discovered is that the MEA Region is about 3 years behind the global market in its access to and evaluation of BPM and ERP solutions.


And many people have asked me about the differences between ERP and BPM.
Questions include:

• How does BPM compare with ERP?
• Does BPM compete with ERP, does it replace ERP, or can it co-exist with ERP?
• What is the value of BPM to me?
• Which should I do first?

I would like input on this matter.  But I submit the following:


ERP:  In simplified terms, I see ERP as a way to integrate the data layer of different processes (e.g. AP/AR, Payroll, Order Entry) within larger processes (e.g., Financials, HR, SCM). Although workflow is an embedded part of any ERP system, it is not intended to support enterprise processes. The workflow itself is functionally-driven (e.g., materials management) vs process-driven, where the process can potentially span many different functions (e.g., requisitioning, recruiting). The value ERP provides is an integrated system and single view into customer data. The data is updated on demand. Customers expect ERP to support their processes, but often they have to change their process to match ERP best practices. As a result, ERP software and implementation costs are significant.


BPM : In contrast, BPM enables users to create business applications incorporating different people, data and documents, which in turn span multiple divisions, systems and/or data sources. Process function is almost irrelevant. In a structured BPM scenario, workflow activities derive from specific rules (i.e., roles, responsibilities, policies, procedures, deadlines, escalations). In a dynamic BPM scenario, users completely control routing in run-time. The value BPM provides is a platform to create multiple applications that improve productivity (effectiveness, efficiency), greater business agility (traceability, innovation, optimization), and ensured compliance (auditability). Furthermore, process definition components are reusable and changeable.


BPM might compete with and/or replace ERP on smaller scale projects. BPM absolutely compliments ERP by creating a "single view" into processes spanning multiple groups/systems (e.g., customer on-boarding, purchase requests). BPM also covers processes that fall completely outside of ERP systems such as Correspondence Management, Project Management, and Action Tracking.




In summary:

• ERP provides very good embedded workflow, but poor enterprise workflow. BPM supports both functional and enterprise workflow scenarios.
• BPM is far more agile than ERP systems, where BPM requires on average 3 months to implement versus 20 months for ERP. Change management is also faster with BPM.
• ERP often needs BPM to help realize its full value.
• If BPM isn't for use with ERP, why do so many vendors provide adapters?

So again you think, BPM or ERP or both? I will come to you with more details…

Argus Qatar Software Solutions for your business -100% customizable

Argus Reminder                  

Alert Management System for various document expiries with Reminder reviews

The major features include the following:

v  Employee Documents – Medical, Finger Print, Visa, RP, Health Card, Insurance Card, Driving License, Passport, etc

v  Vehicle Documents – Road Permit, Insurance, Service Date, etc

v  Company Documents – Computer Card, Trade License, Chamber of Commerce Certificate, Tenancy Contract, etc.

v  PRO Documents – Labour Computer Card, Immigration Card, e-Card, etc

v  Office Equipment Documents – Warranty expiry, AMC expiry, etc

Argus Accounting (Simple)    

Financial Accounting System for small companies

Single Company and Single User

The major features include the following:

v  Financial Accounting module – Multi-categorised Chart of Account, Bank, Customers, Suppliers, Journal Voucher, Customer Invoices, Supplier Invoices, Receipt Voucher, Payment Voucher, Petty Cash Voucher, Cheque Handling, Day Book, Cash Book, Bank Book, Cheque List, General Ledger, Sub Ledger, Statement of A/C, Account Receivables, Account Payables, Trial Balance, Income Statement & Balance Sheet.

Argus Accounting (Easy)     

Integrated Financial Accounting System for small to medium companies with Purchase, Sales, Inventory and Payroll

Multi Company, Multi Sites and Multi User

The major features include the following:

v  Financial Accounting, Inventory, and Payroll modules – Multi-categorised Chart of Account, Multi-categorised Stock Items, Allowances, Bank, Customers, Suppliers, Employees, Vehicles, Goods Receive Note, Purchase Invoice, Purchase Returns, Quotation, Price List, Delivery Note, Sales Invoice, Sales Returns, Stock Adjustment, Stock Transfers, Physical Stock Counting, Receipt Voucher, Payment Voucher, Petty Cash Voucher, Cheque Handling, Journal Voucher, Debit Note, Credit Note, Bank Reconciliation, Employee Allowances/ Deductions, Attendance, Monthly Salary, Leave Settlement, Item List, Item Stock, Purchase & Sales Analysis reports, Item Stock Movements, Excess Stock, Under Stock, Fast Moving / Slow Moving Items, Account Receivables & account Payables, Day Book, Cash Book, Bank Book, General Ledger, Subsidiary Summary, Sub ledger, Statement of A/C, Trial Balance, Income Statement & Balance Sheet, Various Reports.

Argus HR     

HR and Payroll Management System for small to medium companies

The major features include the following:

v  HR and Payroll modules  - Companies, Divisions, Departments, Designations, Employees, Vehicles, Employee Photo/ Document Attachments, Allowances, Deductions, Employee Dependents, Employee Assets, Employee Accommodations, Employee Internal Transfers, Employee Status Change, Allowance Revisions, Attendance, Leave Plan, Leave Assign, Salary Advances, Employee Deductions, Overtime Entry, Monthly Salary, Payslip, Salary Bank Transfers, Leave Applications/ Approvals, Leave Settlement, Employee Easy Search Engine, Employee various Details Reports, Salary Reports, Workmen Compensation, Reminder Management, Document User Privileges, Employee reports with photos, Drill down reports, Leave History, Allowance History etc.   

Argus Job Costing

Project/ Job Costing System for small to medium companies

The major features include the following:

Job Costing Module – Job Levels, Job Cost Codes, Jobs, Job Checklist, Contractors & Suppliers, Material Stock Categories / Inventory Items, Job Budgeting, Budget Revisions, Material Request, Material Receipt, Material Consumables, Job Expense Document, Job Status, Job Sub Contracts, Sub Contract Status, Job Transaction Report, Inventory Stock, Job Variance Report/ Budget Variance, Job Ledger, Job Analysis, Job Budget List, Material Movements, and Various Reports.

Job Costing Integrated with Accounts Package

Argus Realty     

Real Estate Management System for small to medium companies

Multi Company and Multi User

The major features include the following:

v  Real Estate modules  - Companies, Bank, Properties, Rental Units, Tenants, Agents, Customers, Suppliers, Investors, Property Expense Master, Agent Commission Setup, Tenancy Contract (New/ Renew/ Vacate), Tenant Invoices, Monthly Rent Posting, Property Expenses, Penalty Posting, Breaking Of Contracts, Property/ Unit Picture, Furniture Details, Property Purchase, Property Sale, Post Dated Cheque Management, Receipts (Rent/ Security Deposits/ Maintenance Charges/ Penalty/ Others),  Reminders (Tenancy Contract/ Delayed Rent/ Vacant Units/ PDC, etc.), Rent Center, Security Center, Contract Listing, Cheque List, Easy Search Engines, Collection Reports, Agent Payables, Tenant Receivables, Security Payables, Property Income Statement, Property/ Unit Ledgers, Tenant/ Agent/ Customer/ Supplier Statements, Blocking of Tenants, Blocking of Cheques etc.

Real Estate Integrated with Accounts Package

Argus Shares     

Share/ Equity Management System for small to medium companies

Multi Company and Multi User

The major features include the following:

v  Equity Management/ Share module – Share Groups (Long term, Short term, and Current), Sectors (Bank, Insurances, Industries, Services), Shares, Market Rate, Share Average Cost, Share Opening, Share Purchase, Share Sale, Share Right Issues, Share Dividends, Bonus of Shares, Merging of Shares, Share Transfers, Share Fall in Value Change, Share Fair Value Change, Share Adjustments, Share Stock Transactions, Share Daily Trade Report, Share Value / Share Profit Analysis, Share Graphs, Share Summary, Share Security Market Receivables/ Payables, Broker’s Statements,

Shares Integrated with Accounts Package 

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.