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constructpro.me

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Financial Group

 


Our construction financial group Core Financial processes from the accounting modules & Their Functions  from tracking Tracking. Paroll It tracks labor, materials, equipment, and subcontractor costs for every individual project. Accounts Payable & Subcontractor Management money going out to suppliers and specialized subcontractors. Tracks retainage and ensures subcontractors provide proof of insurance before payments are released. Progress Billing & Accounts Receivable and Manages money coming in based on project milestones

Accounting Module

This accounting module cover the standards accounting systems with already build in library of chart of accounts of some MENA countries with standards entry and reports; ledgers, Journal Vouchers (JVs), Receipt Vouchers (RVs), Payment Vouchers (PVs), automatic payroll, trial balances, cost centers, cash, banks and currencies with exchange rates and WBS assignments, reflecting inventory movement, movement surcharge centers and Sub assemblies in transit for final installation such as precast footings.

Cost Control Module

Our Cost Control Module that enables monitor, analyze, and manage expenses against budgets in real-time. It prevents overspending by tracking labor, materials, and overheads, providing visibility to maintain profitability. It facilitates budget-vsactual variance analysis and automates financial reporting. Such as : Real-Time Budgeting & Cost Tracking , Commitment & Procurement Management, 3. Change Order & Variation Management, Cost Forecasting & Earned Value Management (EVM), Automated Reporting & Dashboards, Subcontractor Valuation & Management.

Payroll Module

Our payroll module is designed to handle complex functions pertaining to employees working across multiple job sites, strict government reporting and other requirements such as job-based time tracking, capturing time tied to projects, cost codes vs budget, and locations. Handles tax regulations, advances, applies allowances such as accommodations, transport, food, hardship holidays, annual and sick leaves, and other fringe benefit. Also generates salaries to employee bank accounts, and others official schedules such as social security, taxation etc. for the appropriate governing entities

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