CMiC Accounting Delivers Precision Job Costing and Real-Time Financial Visibility

Track invoices and access historical information by company and across companies.

Create accounts payable aging reports to list the amounts due to vendors and subcontractors.

Capture project-related billing automatically, generate non-project related or ad-hoc invoicing and view all open receivables including retainage.

Automate customer invoicing and payment collection.

Set and track credit limit and credit terms for all customers.

Access total billing history by customer or by project and past due invoices (including aging accounts receivable report to track monies owed).

Generate financial statements, cash flow analyses and custom reports from the central storehouse of your company’s financial data.

Publish both standard and custom financial reports.

Maintain accuracy and integrity of financial transaction data to ensure compliance for auditing and regulatory requirements.

Maintain all your cash assets effectively.

Manage day-to-day cash transactions, cash balances and multiple bank or credit card accounts. Accounting

Receive automatic transaction updates to the General Ledger.

Capture labor, materials and equipment costs in one place and easily issue subcontracts.

Assign project costs to a specific job and track those costs throughout the project timeline.

Stay up-to-date with job status to keep projects on track with job reports.

Analyze costs and revenue at any point of the project lifecycle.

Generate the WIP Report to determine if active jobs are being overbilled or underbilled.

Compare costs-to-date (actuals) with budget (estimates) to gauge the health of jobs by monitoring cost and billing issues.

Close out the month-end and year-end with simplified tools and processes.

Optimize credit risk by allocating revenue accounts across companies.

Deploy an enterprise-wide single pane to enter and extract financial data.

Drill down into current and historical financial data to gain key insights with CMiC Analytics.

Accurately track performance of revenues to costs (budgeting and revenue forecasting).

Prepare consolidated reports, including multiple company consolidation.