Job Cost Accounting Software Boosts Accuracy and Control ...

November 1st, 2012 ?|? Published in technology

Most companies will use a computerized accounting system for recording and presenting their financial information. This system allows companies to record business transactions accurately and generate financial reports quickly for management review.¹ Furthermore, contractors value job cost accounting software designed specifically for the needs of construction.

Accounting for the financial transactions of a business is an important function of daily operations. Developing and using a proper accounting system, especially a sophisticated but easy-to-use job cost accounting software solution, will ensure all transactions are recorded correctly and accurately.

Such a solution, with robust cost management and financial reporting options, allows accounting and financial managers to:

• Maintain historical detail
• Improve workflow across all accounting applications (AP, AR, GL, Payroll, Purchase Orders, etc.)
• Easily create, track, and manage change orders
• Efficiently handle complex construction payroll scenarios

Plus, when utilizing a solution that seamlessly integrates estimating, job cost accounting, and project management, a construction company can have bid-to-cash control, easier workflow and sharing, and less redundancy and error.

For owners, that?s the ideal solution to maximize resources, minimize risk, and increase profitability, with capabilities to:

• Stay in-the-know in real-time for informed decision-making
• Improve productivity and streamline communication across the company with all able to share important project details
• Help everyone work efficiently and accurately, and so better cut costs, increase control, save time, reduce error, and boost profitability
• Manage with up-to-date facts at fingertips whether working in the office, on the road, or at a job site

Watch?this?free demo video to see how job cost accounting software in a complete solution helps contractors to always know true job costs, have solid financial practices, and be better able to manage projects, procurement, financials, employees, and equipment.

¹ Manual Vs. Computerized Accounting Systems, eHow.com?

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Source: http://blog.maxwellsystems.com/job-cost-accounting-software-boosts-accuracy-and-control/

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