Accounts Receivable Module
AccuBuild's Accounts Receivable module is an industry-specific solution to manage the flow of your receivables. With the Accounts Receivable module you can track the status of all customer receivables, from contract billings (percentage-of-completion) to miscellaneous invoices (time and material).
A feature-rich payment processing system within Accounts Receivable records all cash receipts, including direct payments, joint check receipts and backcharge receipts. The balance due on each invoice, for each customer or on each job can be easily displayed and is aged by the billing date.
Because the AccuBuild Construction Software modules are fully integrated, data recorded in Accounts Receivable automatically updates Job Cost, Accounts Payable and the General Ledger without the need for additional data entry. This capability saves your staff time and eliminates potential errors associated with multiple entries in stand-alone software products.
Miscellaneous Billings: Time and Material, Change Orders
AccuBuild Construction Software streamlines invoicing for time and material jobs, allowing for a combination of taxable and non-taxable line items for labor and material. Overhead and profit mark-up, along with retention, is automatically calculated and added if desired.
Change order billings can also be generated through Accounts Receivable if they aren't processed through the Job Cost module. Change orders entered in Accounts Receivable can be linked to the total contract amount in Job Cost.
Like the other AccuBuild Construction Software modules, Accounts Receivable offers flexible reporting options. Aging reports, Cash Receipts, a Sales Journal and Customer Activity reports keep you informed of the status of your cash inflow. Print customer statements on demand and reprint billings at any time if needed.
AccuBuild's Aging schedules include a separate column for reporting retention amounts, including unbilled retention, which prevents these amounts from being aged and included with current receivables. This feature provides a more accurate view of your receivables aging.