In this competitive business environment, both the small, as well as, large-scale organizations are making the use of cutting-edge technologies that can help them run a successful business. Instead of using old-school accounting methods, which include manual ledgers, spreadsheets, and manual invoices, business owners, are stepping towards the innovative and robust online accounting software to bring more stability and efficiency into their organization.
An online accounting software is an incredible tool that can help businesses, especially small-scale organizations to manage all of their finances with ease. This means you can save a lot of time, money and effort just by including a super-versatile accounting software.
However choosing the best accounting application is a daunting task. There are thousands of options out there in the web market that it becomes quite difficult to pick out the best one. But when it comes to professional, functional and reliable accounting software, Sage 100 Contractor is the first that strikes to our mind.
What is Sage 100 Contractor?
Sage 100 Contractor is one of the most popular and reliable business management and accounting software. It is exceptionally designed for general and engineering contractors and subcontractors of all industries. The accounting system includes project management, scheduling, estimating, equipment management, accounts receivable, accounts payable, payroll, and general ledger.
Plus, it comes with several functional billing modules that are available for AIA, unitary, progress, service billing, time, and materials to fulfill the requirements of different types of contractors.
Use of Sage 100 Contractor in a business organization
You can use this business management and accounting software to bring more consistency in your working procedures. It simply eliminates the requirement of learning or installing multiple software programs to achieve precise project tracking and accounting management. Plus, it is a Microsoft Windows compatible application developed particularly for the construction industry.
It also includes some of the robust modules including:
- General Ledger
- Accounts Payable
- Accounts Receivable
- Project Management
- Payroll
- Scheduling, and
- Equipment management
Well, these are the specialized modules supported by the Sage 100 Contractor software. But we bring you the list of most popular modules that can take your business to the next level.
List of popular functionality modules:
1. General Ledger
The General Ledger sets the backbone of the MB6 accounting system. It basically receives information from all the modules that change the accounting process of a business including Accounts Receivable, Accounts Payable, Inventory and Service Receivables, and Payroll.
You can make entries directly into the General Ledger for cash deposits, cash checks, recurring transactions and journal transactions.
2. Accounts Receivable
This system performs as a marketing, document management and sales contact tool that simplifies the accountancy system of a business and saves your time. In simple words, Accounts Receivable system is an ideal way of managing receivable accounts.
The client database includes sales information for tracking prospects that starts from the point of contact to the close of a contact. You can use the client document to create professional looking sales letter, notifications and other forms regarding the clients.
3. Job Costing
Each and every module integrated with the Job Costing which makes easy to manage information related to job cost. It lets you create a cost-code based budget for comparing cost and proposals for your clients.
4. Cost to Complete
Now get the precise and up-to-date analysis of the estimated costs, units or hours by using Cost to Complete reporting module. These are some of the necessary elements that can help you complete the project on time.
Conclusion
Sage 100 Contractor is a prominent business management and accounting software that can help you run a business smoothly and efficiently. With the help of this tool, you can manage your finances and also track your estimates, invoices, and expenses.
