At a glance…
Complete GL, AR, AP, Cashbook etc..
Manage Your Builder Retentions
Simplified General Ledger - costing in job costing module
Import and auto-match Bank Reconciliation
Drill Down reporting
Fast Annual Taxable Payments Report (TPAR)
Fast BAS Reporting
Accounting Dashboard showing multiple data views with graphs
Run jobs/projects across multiple financial years
Multiple Booksets (Companies)
Creates ABA files for Payments
Reports on P&L, Balance Sheet, Financial Position
Exports ALL accounting data for your accountant
Real-time tracking of project job costing and forecasting
With project cost management and forecasting run from the Bizprac job costing module, your general ledger is simplified. You can track under or over-runs in your project in real time and know the status of your project at any time. With Bizprac construction accounting software you have the ability to simply and easily run projects across multiple financial years. Valuable job cost information is not lost when the financial year is locked.
Bizprac construction accounting software is fully integrated which means that data entry is minimised. Reducing the amount of data entry reduces the chance of data entry mistakes, so data accuracy is maximised. General Ledger (GL) codes, no longer need to be as long as your arm. Nor will they give your accountant a headache in the process!
Any Construction Accounting Software worth its salt ensures that each job hinges on its estimate, which becomes the budget for your project. Provided the group ledger codes are set-up correctly the job costs are automatically maintained in the job costing module when you generate purchase orders, invoices and payments.
Pay debtors easily
When debtors are first set-up they’re given a general ledger code. When preparing a debtor invoice the client details and job number are selected from a drop-down list. Then the invoice content is automatically extracted from the job. The invoice amounts are automatically costed against the contract. The invoice content is easily amended before sending.
Invoices can be sent using email, fax or printed and posted from within the program. You can define your own debtor reports from within the Bizprac construction accounting software. All the reports can be exported as a PDF or downloaded to Microsoft Word and Excel. Multiple debtors can be paid in one transaction using ABA files.
Simplify the preparation of creditor invoices
When creditors are set up they also have a general ledger code assigned to them. In addition, you tick a box to identify them as either a supplier or a subcontractor. A creditor invoice is prepared by selecting client details and the job number from a drop-down list. The invoice content is automatically copied from the purchase order. Where there is no purchase order, the invoice details can be selected from the estimate.
Creditor invoices can be edited before sending. Invoice amounts are automatically posted against the budget. Invoices can be sent via email, fax or printed and posted from within the program. Bizprac construction accounting software allows creditor reports to be user defined. All reports can be exported as a PDF or downloaded to Microsoft Word and Excel.
Easily manage builder retentions
Bizprac Ultimate is ATO accredited to manage builder retentions. When a debtor or a creditor invoice is prepared the correct retention amount is automatically withheld. When a new project is a set-up the retentions schedule is also created, as specified in the contractual obligations. Reminders can be set to prompt when retentions fall due.
correct retention amount is automatically withheld. When a new project is a set-up the retentions schedule is also created, as specified in the contractual obligations. Reminders can be set to prompt when retentions fall due.
Bank reconciliation in minutes
Importing the bank reconciliation into Bizprac construction accounting software minimises data entry. This also includes
bank interest earned and bank fees. What used to take hours or days can now be done in a matter of minutes.
End of financial year and BAS
With audit trails in place, BAS is now done in a matter of minutes and with an AusKey, you are able to directly upload. In doing so, it is assumed, you are acting upon advice from your accountant. The end of financial year processing is a breeze and can also be done in a matter of minutes. Of course, this assumes that you’ve set-up the general ledger and debtors and creditors correctly.
The taxable payments annual report is ready in 5 to 10 seconds and in an ATO approved format, so you can upload directly using your AusKey.
All the financial reports your accountant needs are at his fingertips. He can be given access to log in remotely at tax time to check your accounts, saving both of you time and saving you a costly accountant’s bill!
Bizprac invoice importer
Invoice data entry can be littered with mistakes. Data entry of invoices is a repetitive process. It is also a process that absorbs a lot of time and the task can become boring and mundane. That causes your data entry person to lose focus and make a mistake. Errors in data entry can result in a cost to the business.
Even worse, they can create compliance issues. Automation through integrated construction management software means data entry mistakes can be reduced. As an added bonus, reporting on the project health becomes faster and more accurate. Therefore, automation also makes good business sense. Read more about our invoice importer here
Contact us to view Bizprac in action