Cloud Accounting for the Construction & Real Estate Industries
Sage Intacct CRE incorporates one of the most trusted names in the construction industry, Sage 300 (Timberline) with Sage Intacct, the preferred accounting solution of the AICPA. Construction & Real Estate companies looking to move their infrastructure into the future finally can. Now you can spend less time on admin headaches. Turn your focus to what really matters – building the world all around us. But what does this mean for those familiar with Timberline and looking to go to the cloud?
Track Estimates and Manage Spend
Our Spend Management demo video online shows how Sage Intacct can block or warn a user if a transaction like a requisition that would take a user over budget. Integrating the Sage Intacct CRE estimates function with the included Spend Management makes sure we stay under budget.
The tried-and-true conventions of the construction industry show up in Sage Intacct yet again. Highlighted by the ability to retain amounts in Purchasing or Order Entry until released. If you’re still tracking amounts in spreadsheets, it’s time to look at something better.
Sage Intacct CRE gives you the ability to manage retainage in both accounts payable and accounts receivable, allowing you to deduct retainage from both vendor and customer invoices. You can also handle anticipated retainage on the line level of sales and purchase orders. Your reporting can show the retainage that has been held, released, paid, or is still owing.
Dimensions for Insight
While the Timberline heritage brings a wealth of features to Sage Intacct, dimensions are still integral to the system. Never lose the ability to run reports by the standard dimensions like Department, Location, and Customers or Vendors. Leverage the more construction-oriented dimensions like Job, Cost Code, or Cost Type. Running reports by any of these dimensions independently or in conjunction with other dimensions can give unparalleled insight.
Project Billing is Clicks Away
Our project management videos show how easy it is for both accounting and project managers to use the system. Get the ability to bill for jobs, milestone or time and materials, or any combination, in just a few clicks. This helps speed up the time to invoice and speed the turnaround into cash flow.