|CompassCPA Financial Management System
The CompassCPA Contract Costing Module is designed to record all costs and revenues associated with a contract.
-- Various business costs--Goods and services invoices for a specific contract, labor from payroll, and receipt of goods from purchase orders, may be charged to a contract, in addition to inventory or general expense accounts.
-- Issue materials from stock and charge them against a contract and post sales revenue to a contract with the CompassCPA Contract Costing Module.
-- Analyze the cost and revenue associated with a contract for profit and/or loss for each resource or for the entire contract.
-- Certain reporting may optionally group similar products and show only product group totals.
-- Because contracts share traits, they are grouped into contract "classes." Attributes which are set for a contract class are then applied automatically to all the contracts in that class.
-- Contracts may also be defined as being part of a master contract; however, costs and revenues continue to accumulate for the individual contracts and can be reported at that level.
-- Contract Costing supports a multi-company and a multi-currency environment.
-- Contract Costing interfaces to Payroll to provide the information required for establishing the labor cost of a contract.
-- Full retention processing is provided which allows a portion of a charge to be identified as retention, with automatic posting to Accounts Receivable.
-- A facility is provided to adjust the split between retained and non-retained amounts on any invoice.
Automatic contract numbering
Labor and material analysis
But that's just the beginning--the CompassCPA Suite allows you to integrate your financial management information with distribution, manufacturing and human resource functions, to give you a world view of your business and street-level access to the details.
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