Construct for Sage 50 by Eque2
As part of the Eque2 Sage 50 Construct is ideal for small and medium-sized businesses.Construct for Sage 50 offers unrivalled stability and choice, our team of consultants are experts when it comes to understanding the challenges to your business. Construct for Sage 50 is the complete solution for the Construction industry cutting costs and increasing the efficiency of your business.
The construction industry is large and complex. Construct for Sage 50 provides your business with an integrated financial IT system that offers greater levels of communication throughout the business, as well as with suppliers and partners.
Construct for Sage 50 is a comprehensive solution to control costs throughout your business.
Integration with Sage 50 Accounts and Sage 50 Payroll means that there is no duplication of data, saving you time, helping you focus on building your profits.
Key Features of Sage 50 Construction
Construct for Sage 50 meets the latest legislation requirements for accurate calculations of CIS tax.
Additional security access to sales documents by allowing specific users to input and amend applications and certificates, but not invoices.
The internet submission module will verify the subcontractor status and information with HMRC to ensure the correct tax rate is applied. Including recording of company names, unique tax references and National Insurance numbers.
The monthly return of tax deducted to support payment to HMRC can be generated. Submitting this report via the internet submissions module will save time and money by reducing paperwork and improving accuracy.
Create contract orientated management reports to analyse your job costs.
Allows constant monitoring of actual costs against estimated/budgeted costs, ensuring that overspends are immediately highlighted.
New for 2010 is the Stop function meaning you are able to stop the process of application opening balances, resulting in greater flexibility and accurate processing.
Link with Sage 50 Accounts and Sage 50 Payroll to keep your accounts up to date and analyse your data using Microsoft® Excel.
Store and print copies of reports and track any changes to accounts.
Construct for Sage 50 is a comprehensive solution to control costs throughout your business.It helps fully manage costs on contracts, meet contract budgets, track subcontractor insurances as well as materials and plant hire purchase orders. Recording, verifying and reporting to HMRC on subcontractor tax (CIS) it ensures compliance with HMRC legislation.
The software can improve cash flow management by helping you handle enquiries from receipt, through to supplier or subcontractor enquiry, to cost comparison and quote production. Valuations and applications for payment can be tracked and analysed giving up to date and accurate billing information.
The product also deals with Retentions. It deducts, records and reports on both sub-contract and sales retentions ensuring liabilities are reduced and outstanding monies are reclaimed. It has been known in many cases that this can reclaim up to 5% of company revenue - making it a very valuable tool. All information can be transferred into the contracts module, with no double entry of data, this will save time and improve efficiency.
Key Benefits of Construct for Sage 50
- Construct for Sage 50 integrates with Sage 50 Accounts and Sage 50 Payroll so there is no double entry of information.
- The ability to streamline your company processes and grow your business efficiently.
- Compliance with HMRC legislation at all levels of CIS taxation.
- Tight control of multi-level contracts, ensuring they stay on time and on budget.
- Rapid response to client or subcontractor enquiries from detailed job structures and overview reports will improve customer service.
- Management of each client contract with asset libraries, service level agreements will increase detail.
- Improve data accuracy with multiple billing methodologies.