Industry Specific Software - Construction Manager
From the July 2011 Review Construction and Contractor Accounting Systems
Well-suited for small to mid-sized construction companies, Construction Manager contains solid financial capability along with an excellent array of job management features.
Since 1985, Industry Specific Software has provided a completely integrated, construction management software to construction and related businesses. Well-suited for small to mid-sized construction companies, Construction Manager contains solid financial capability along with an excellent array of job management features.
BASIC SYSEM FUNCTIONS:
Construction Manager offers easy navigation with a toolbar at the top of the screen that provides access to all system features. Module access is found under the function heading. Customization features include a choice of various color options for each interface screen. System defaults can also be set to reflect user preferences. Data-entry screens are easily navigated and contain lookup options throughout.
The financial calculations feature allows users to view company-related financial information including loan payment amounts, present and future value, and internal rate of return. The optional Cost Management module allows users to easily maintain job leads, track all types of client contact, and maintain a detailed history on all clients, with the option to attach faxes, invoices, proposals, etc.
Construction Manager is built on SQL technology and utilizes a Microsoft operating system, including Windows 7, Vista and XP.
CORE ACCOUNTING CAPABILITIES:
Construction Manager offers three sample charts of accounts, or users can construct their own. Account numbers can utilize up to 50 alphanumeric characters, making it easy to utilize job, department or company-specific job costing. Construction Manager supports multiple companies. Unique job identifiers are assigned to each new job in order to post transactions accordingly. Discount codes can also be assigned to each job. Users will need to set up divisions within in company in order to track data for multiple locations or branch offices. Recurring journal entries can be set up in within the system, and multiple years can be used simultaneously since Construction Manager does not require month-end or year-end closings. The AP module flags duplicate payments, applies discounts, and can easily track warranty information and lien waivers.
Construction Manager can also process electronic vendor payments and can accept electronic payments, as well. New features in AP include the ability to calculate and withhold retainage from invoices, and the ability to establish multiple default account codes. The AR module has multiple billing capability including recurring billings, time & material billings, AIA draw requests, cost plus billing, and contract percent complete. New in Construction Manager is also the ability to view and maintain open and paid invoices. The optional Payroll module tracks employee billing rates, handles multiple deduction types and tracks workers’ compensation rates for each job.