Our financials module contains all the core elements any construction company needs to run their accounts department smoothly and accurately, financial information can be viewed at project level, line of business, at company and/or multiple company level.

Accounts Payable:

• Process payments (including batch processing) automatically linking to payment terms of suppliers
• Aged trial balance
• AP Ledger, providing full transactional drill down to all ledger entries across ledgers
• Match invoices against PO number / GRN (Goods Receipt Note)
• Standalone invoice entry for both Materials and Subcontractors
• Subcontractor ledger
• Retention release analysis and tracking
• Payment proposals

General Ledger:

• Pivot tables for detailed analysis of data
• Trial balance (summarised or project level)
• General journal (recurring, in reverse or standard)

Cash Management:

• Bank reconciliation, facility to automate with your bank
• Revenue and expense management
• Receipts
• Bank Book
• Payment releases

Accruals:

• GRN
• Goods return
• Labour time sheet
• Plant returns

Statuary Requirements:
For example CIS, VAT.

• Automated calculations
• Domestic VAT and Instratat
• VAT Ledger
• VAT returns
• Fully CIS compliant, online integration with HMRC

Accounts Receivable:

• Automated process of generating application for payments
• Measured work
• Variations
• Certified payment
• Sales invoicing
• Rententions
• Cash received and accounted (receipts)

Financial Reporting:

• Profit & Loss
• Group, Company, Region and Project level
• Balance Sheet & Trial Balance
• User defined reporting pack facility to enable preparation of monthly/quarterly/annual financial reports

Budgets:

• Operational budgets to manage overheads
• Departmental budgets; create budgets based on departmental costs
• Define budget costs against department

Xpedeon offers complete control over all contract-related costs and corresponding revenues.