Driving Construction Accounting Best Practices for Contractors for 40 years
Ensure the integrity and timeliness of all your financial and construction accounting needs with PENTA, the enterprise software system which incorporates nearly 40 years of construction accounting best practices. PENTA delivers the right combination of accounting functionality, enterprise-class utilities and robust technology to meet all of your organization's financial management challenges:
Efficiently Manage your firm's financials with Enterprise-class Construction Accounting Utilities:
Proactively Monitor potential financial impacts with Construction Management applications integrated with Construction Accounting by design:
Flexible Organizational Unit Structure
PENTA's user-defined, hierarchical organizational unit structure enables your enterprise construction accounting system to mirror your business and legal entities. From handling inter-company transactions and automatic calculation of profit by profit center, to keeping the system in balance and analyzing financial performance across complex organizational structures, PENTA Construction Accounting Software will simplify your financial and construction accounting processes.
Automated Earned Revenue / WIP Calculations
PENTA enables you to automate earned revenue and work in process calculations, performing calculations using actual costs, project forecasts or approved cost estimates on lump sum contract items. PENTA also calculates markup percentages / billing rates on cost plus and T&M contract items.
Accounting Period Controls
PENTA Construction Accounting Software allows you to control who has access to an accounting period using status codes which can be open to all authorized system users, or controlled on a per-user basis, whether the period is open, restricted, closed or reported.
Integrated Job Cost Accounting and Project Management
The PENTA Project Management Workbench provides a central working area for Project Managers to execute administrative, as well as financial control of a project. Full integration with PENTA Job Cost Accounting keeps accurate, current job cost information readily available. PENTA helps Project Managers handle a variety of responsibilities with job cost ramifications, including:
- Forecasting
- Change Management
- Subcontracts / Purchase Orders
- Issues, RFIs, Submittals
- Document Management
Construction Accounting Analytics, Reporting
PENTA Construction Accounting Software facilitates continual performance improvement. Whether by Executive Dashboard or Business Analyst interface, Penta's award winning Business Analytics software helps construction accounting and finance professionals analyze past performance for planning, identify exceptions for action and trend current performance for forecasting based on over 100 types of construction accounting information:
- Accounts Payable Invoices
- Accounts Receivable Invoices
- Financial Statement Period Balances
- Financial Statement Period Activity
- General Ledger Statement Period Balances
- General Ledger Statement Period Activity
- Actual Performance vs. Budget or History
Bank Activity Management
PENTA software helps your construction accounting personnel track activity through an unlimited number of banks and bank accounts:
- Automatic Generation of Positive Pay files for both Payroll and AP checks
- Direct deposit for both Payroll and AP distributions
- Automatic import of cleared checks to aid the reconciliation process
Need more information? Call 262-782-7700, consult the following FAQ, or request more information about PENTA Construction Accounting and Financial Management Software.