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(ICAP
for Master Builder) |
Many
times construction companies want to allocate indirect
costs to a job but cannot because of
software
limitations, approval and coding processes, or because
the costs belong to many jobs and there is not the time
or capability to distribute to them.
 The time and effort
required to allocate overhead and administrative costs
to jobs, especially if there are many of them, can be
quite extensive.
This
add-on program for Intuit Master Builder is easy to use, and
powerful. It allows you to distribute indirect costs to jobs in a matter
of minutes when the task may have been taking days. You will see real job
margins immediately instead of waiting for quarterly or even annual
allocation and reporting.
Benefits:
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Saves the cost
of an outside accountant doing this (Ask your accountant how long
this is taking now and compute the monthly savings).
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Frees up your
outside accountant to do more high-level analysis instead of doing
this low level "grunt work".
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Frees up the
time your internal personnel spend calculating the allocations and
making the entries.
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Lets you
easily figure job margins that include indirect costs for paying
incentive bonuses.
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Makes indirect
cost allocation possible on a monthly basis versus one-time at
year-end.
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Makes
reporting to bond company and banks quick & easy.
Features:
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Distributes
indirect costs among active jobs for a specific period:
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As % of
Total Costs by Job
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As % of
total Hours by Job
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As % of total Revenues by Job
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Allows
selection of any or all indirect costs to allocate.
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Creates a
recurring journal transaction in the current. period and a reversing
journal entry for the next period.
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Sets up a
direct journal account to show transaction details.
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Advanced
version will create three separate transactions to identify indirect
costs for equipment, overhead, and admin.
If you:
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Allocate
overhead to a lot of jobs,
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Spend hours to
calculate and distribute costs,
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Report to a
bonding company or bank regularly that requires accurate job costs,
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Want to report
indirect costs on tax returns or financial statements (GAAP or IRS
requirements),
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And / Or Pay
bonuses to key employers based on Job margins (that do not now
include indirect costs)...
...then
ICAP is the software solution for you.
Version 2.0 $795
To order call: (978) 694-4898
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