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Spectrum® Construction Accounting Software turns your data into action
Spectrum Construction Accounting Software is the core of the Spectrum platform. Designed specifically for the construction industry, Spectrum adapts to the way you do business.
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The Core Of Spectrum’s Construction Accounting Software Functionality Includes:
Track key performance indicators such as WIP, cost-to-complete, committed cost, earned value, cash flow, and more — all updated in real time and in formats that make sense to you.
Construction Accounting: General Ledger
- Better manage cash flow and track profitability to make important financial decisions
- Customizable reports for in-depth financial analysis
- Multi-company or departmental functionality Journal remark functionality
- and detailed ledger audit trails
Construction Accounting: Accounts Payable
- Ensure all necessary job information is complete including supporting documents
- Hold payments to vendors with lapsed insurance certification via automatic alerts
- Streamline invoice processing by customizing approval workflow
- Track sales and use tax and generate detailed reports
- Eliminate duplicate entries
Construction Accounting: Accounts Receivable
- See open items, changes, and a complete payment history
- Quick, easy access to customer data and payment details
- Track and manage all change orders and change requests to ensure nothing is left unbilled
- Process multiple billing formats
- Accept credit card payments from the field
Construction Accounting: Job Cost
- Analyze real time costs and revenue at any point during the project
- View and analyze cost breakdowns in a variety of formats
- Assign owner billing items and cost codes to multiple phases for cost and revenue analysis throughout the job
- Measure actual project progress and performance against estimates
Construction Accounting: Payroll
- Process payroll quickly and efficiently with tailor-made construction functionality
- Easily calculate employer taxes and burdens as well as process all types of union wages and benefits
- Automatically calculate prevailing wage rates based on type of work performed
- Realize automatic deposit, electronic payroll tax filing and other benefits, as well as complete Spectrum integration
