With Bizprac Software there is no need to run a separate accounting system. Bizprac’s accounting module has all of the features found in popular accounting packages, with the added benefit of additional functionality designed specifically for the Australian construction industry.
Feature Summary
- Complete GL, AR, AP, Cashbook etc..
- Manage Your Builder Retentions
- Import and auto-match Bank Reconciliation
- Debtor/Creditor Retentions
- Drill Down reporting
- Taxable Payments Annual Report (TPAR)
- BAS Reporting
- Accounting Dashboard showing multiple data views with graphs
- Run jobs/projects across multiple financial years
- Multiple Booksets (Companies)
- Creates ABA files for Payments
- Reports on P&L, Balance Sheet, Financial Position
- Exports ALL accounting data for your accountant
Easily invoice and receive money from Debtors
Quickly create invoices in the manner which best suits your business model. Review and simply email your invoices in PDF format directly to your client (debtor). Simple selections save you time and eliminate mistakes. No duplicate data entry, just all your job information at your fingertips when you’re ready to create your client invoices. The invoice content can also be automatically created from the job itself. Track all invoices against the job contract value. The invoice content is easily amended before sending.
Debtor Invoices and Receipts can be sent using email from within the program or printed and posted. All reports can be exported as a PDF and emailed, or downloaded to Microsoft Word and Excel. Multiple Debtor Invoices, from the same Debtor, can be receipted at the same time. Debtor Invoices can be created on a manual basis, or Cost Plus, Stage Claims and Progress Percentages Claimed. Debtor Invoices can include Variation Claims.
Simplify the preparation of creditor invoices
When Creditors are set up they also have a general ledger code assigned to them. In addition, you can assign them as either a supplier or a subcontractor. A creditor invoice is prepared by selecting creditor and allocating the items to a job number from a drop-down list. The invoice content can be automatically copied from the purchase order. Where there is no purchase order, the invoice details can be selected from the estimate, or from the pricelist.
Creditor’s must be Authorised before payment. Invoice amounts are automatically posted against the budget. A Payment Advice can be sent via email or fax from within the program, or printed and posted. All reports can be exported as a PDF and emailed, or downloaded to Microsoft Word and Excel.
The Bizprac Invoice Importer rapidly imports PDF invoices and allocates them to accounting and job costing sections.
Easily manage builder retentions
Bizprac Ultimate is ATO accredited to manage builder retentions. When a debtor or a creditor invoice is prepared the correct retention amount is automatically withheld. When a new project is a set-up the retentions schedule is also created, as specified in the contractual obligations. Reminders can be set to prompt when retentions fall due.
End of financial year and BAS
With audit trails in place, BAS is now done in a matter of minutes! With Bizprac the end of financial year processing is a breeze and can also be done in a matter of minutes.
The taxable payments annual report is ready in 5 to 10 seconds and in an ATO approved format
All the financial reports your accountant needs are at your fingertips. Your accountant can also be provided with access to log in remotely at tax time to check your accounts, saving both of you time and saving you a costly accountant’s bill!
