Financial Management
Combining robust cost management with a complete line of financial reporting options, ProContractorMX provides Financial Management that synchronizes project costing and ongoing changes with hard financial data.
Numerous reports give you control and flexibility with your financial data. WIP and Bonding reports are automatically created, whether you are on a work-in-progress or direct cost accounting basis. You can also establish settings to automatically deliver information, like daily financials, to the owner. And the Company Dashboard gives owners direct access to daily cash, AP, AR, and Project Cost reports. All financial reports, such as Profit and Loss, Balance Sheet, Supporting Schedules, are available for multiple companies and for cash and accrual accounting.
ProContractorMX is definitely written for the construction accounting professional while maintaining the perfect audit trails and security all CPAs and CFOs depend upon. Spend less time entering data and more time managing the business.
General Ledger features include flexible chart of accounts, recurring journal entries, and financial statements. You'll experience seamless workflow across all financial processes throughout ProContractorMX.
Job Ledger balances to the General Ledger and historical detail is maintained. Contractors gain peace of mind with data integrity and reliable audit trails. In addition, the solution delivers streamlined transaction entry and warnings for questionable entries.
The Accounts Payable and Accounts Receivable capabilities of ProContractorMX are specifically tailored to fit industry needs, such as tracking retention and discounts, and handle the special requirements of construction billing.
The Accounts Receivable functionality provides information needed by managers to minimize questions and disputes, monitor accounts receivable, and pursue timely collections. A variety of construction billing forms is available; choose from AIA, Contract Billing, and T&M. Capabilities for Quantity Tracking and Unitary Billing are included. Monitor vendor billings against subcontracts and retention being withheld. Handle sales tax for U.S., Canada, and Australia.
Gain strict control and flexible processing of financial obligations. Having Accounts Payable, General Ledger, Project Costing, Payroll, and Purchase Orders in a seamless system ensures that commitments and payments are processed efficiently and accurately. Default settings afford efficient data entry.
In addition, the AP Workflow feature makes sure you never lose track of an invoice or your approval process. With ProContractorMX, all invoices are entered into Accounts Payable transactions and a scanned copy of the invoice is routed electronically for approval. Have confidence that the proper cost code is applied, that the amount matches the purchase order or subcontract, and that it's approved by project manager if required. Always know the history and status of every invoice!


