Pegasus Software for Construction and related industries

By: Ck Systems  24/02/2009
Keywords: Accounting & Bookkeeping, Business Bookkeeping, invoicing

 Pegasus CIS (“Construction Industry Solution”) is an integrated contract/job management system that allows the end user to record and control project costs and CIS procedures within the construction and related industries. Pegasus CIS can use either Pegasus Opera or Sage Line50 as its back office financial ledger

 The Pegasus CIS (Construction Industry Solution) solution comprises an integrated contract/job management system that is a separate application to Pegasus Opera II and runs (automatically or manually) data synchronisation routines to update data between the two applications.   Pegasus CIS can use either Pegasus Opera or Sage Line50 as its back office financial ledger.  

Pegasus CIS allows you to:
        post costs to jobs from supplier purchase orders and invoices
        process a full subcontractor ledger allowing you to record, approve and pay subcontractor orders, applications, invoices and timesheets
        post employee timesheets (in batches and remotely from site)
        post stock transactions for items issues directly to jobs from your stores
        invoice jobs directly or via applications + certifications  

Taking Control of Contracts and Costs It has been estimated that the average construction project suffers 150% cost overruns and completes more than 175% late. Investing in the right software could help transform this into a more profitable proposition where projects are delivered on time and within budget.

Pegasus CIS has been specifically designed for the construction and allied industries; providing complete control over all aspects of contracts management, from costing and timesheets through to Payment Applications, VAT invoicing and cash receipt matching. Fully integrated to the Sales, Purchase, Nominal Ledgers, Cashbook and Payroll, and conforming to the Inland Revenues Construction Industry Scheme regulations, Pegasus CIS provides an unparalleled level of management control over your contracts and sub-contractors.   Pegasus CIS (continued)  

Simplifying Administration and Improving the Cost Controls on Contracts   Controlling the costs of a project can be a daunting task for many companies in the construction industry. Not only do businesses need to track the costs of purchases, there may be sub-contractors who need to be paid under the Inland Revenue's Construction Industry Scheme regulations, as well as raising and chasing the Payment Applications to clients.       

- Has a Payment Application been Certified?     
- How much is the Main Contractor Discount?     
- When is the retention due for payment?     
- How much profit did you make on that job?  

These are the typical questions asked, but quickly getting the answers can be the problem when running a construction project. Effective cash management is key to making a profit in a contracting environment. Pegasus CIS has been specifically designed to give instant access to up-to-date information that allows you to manage your contracts. Knowing what is owed and when it is due and who needs to be paid and when, are critical issues. Pegasus CIS addresses these and many others as part of its effective management of your contracts.   A 10 minute video presentation can be watched on the CIS page of the CK Systems website www.cksystems.co.uk.

Keywords: Accounting & Bookkeeping, Business Bookkeeping, invoicing