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Construction Accounting Software

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Construction Accounting Software

Driving Best Practices for Contractors with Accounting Software

Ensure the integrity of all your financial and construction accounting software needs with PENTA, the enterprise software system which incorporates nearly 40 years of best practices for all construction software needs.

PENTA is construction ERP software (Enterprise Resource Planning) that delivers the right combination of accounting functionality, enterprise-class utilities and robust technology to meet all financial management challenges faced by engineers and commercial and industrial contractors.

Construction Project Management with Integrated Job Cost Accounting and Project Administration

PENTA Project Administration 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 construction project management responsibilities, including:

  • Forecasting
  • Change Management
  • Subcontracts / Purchase Orders
  • Issues, RFIs, Submittals
  • Drawing Management and Document Control
  • Meeting Minutes
  • Daily Reports

 

Efficiently manage your firm's financials with enterprise-class software:

Construction Accounting Software

Proactively monitor potential financial impacts with Operational applications integrated with Construction Accounting

PENTA Overview Video 

Told by a contractor, this quick whiteboard video shows how commercial and industrial contractors benefit from PENTA construction enterprise software.

Watch the Video

5 Reasons Why Your Construction Firm's AP Department Needs ECM Software

Evaluating Construction Accounting Software? Learn 5 Reasons Your AP Department Needs ECM.

Read the White Paper

Construction Accounting Analytics, Reporting

PENTA financial management software facilitates continual performance improvement. Using PENTA’s Executive Dashboard (Workbench) construction accounting and finance professionals can analyze past performance for planning, identify exception conditions for action and trend current performance for forecasting. Some of the key information provided includes:

  • Forecast & Actual Margin Variance on Jobs
  • Gross Margin Trend Month by Month
  • Job Contract Booking and Estimated Margin Trend
  • Cash & Working Capital Status
  • Profitability by Customer (Current vs. Prior Years)
  • AR & AR Status – Past Due Invoices

Bank Activity Management

PENTA construction accounting software helps your 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

PENTA FAQ:

Answers to the most commonly asked accounting questions regarding PENTA software:

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  Is PENTA an integrated solution?

Yes.  All PENTA modules are tightly integrated; transactions are never entered more than one time and are automatically distributed to each module that uses those transactions, ensuring the sub ledgers and general ledger are always in balance.

  Does PENTA accounting software help to image, store and manage accounting documents electronically?

Yes. PENTA allows users to capture documents such as accounts payable invoices electronically, providing centralized storage and access.

  Does PENTA accounting software allow for OLAP analytics of financial data?

Yes. PENTA Role-Based Workbenches are Construction Business Intelligence Tools that  provides for ad-hoc analysis of financial information with the ability to pre-define KPI’s distributed to users in the form of dashboards, graphs or reports.

  Does PENTA accounting software address requirements of a multi-company construction firm?

Yes. PENTA can handle accounting for an unlimited number of companies, divisions, departments, etc. within a single database, including automated inter and intra-company logic to simplify processing of transactions between companies.

  Does PENTA perform revenue recognition calculations and are the results reflected in the general ledger?

Yes. Users determine the frequency of which they perform revenue recognition calculations, quarterly, monthly or even weekly. Earned revenue is calculated in accordance with a job’s contract, lump sum, cost plus, T&M or unit price, with revenue accruals and over/under billing entries automatically posted to the general ledger.

  What financial statement reporting options exist within PENTA? Does PENTA issue consolidated financial statements?

Yes. PENTA offers over 25 different financial statement templates, including consolidated financial statements. PENTA’s Workbench Trial Balance information may also be used to facilitate the creation of user-specific financial statement reports.

  Does PENTA enable booking of transactions in currencies other than US Dollars?

Yes. Record transactions using currencies other than your primary reporting currency. PENTA converts source currency values to a base currency equivalent amount using current exchange rates, while maintaining payable, receivable and cash balances in source currency amounts.

  Does PENTA support Positive Pay?

Yes. PENTA enables construction companies to configure positive pay files for accounts payable and/or payroll checks for an unlimited number of bank accounts.

  Is it possible to track financial budgets in PENTA?

Yes. Track an original budget as well as an unlimited number of revisions or re-forecasts of budget information.

  Does PENTA provide Contracts in Progress or WIP reporting?

Yes. PENTA provides multiple Contracts in Progress or Work in Process report options for inclusion in a standard financial reporting package.

Learn How PENTA Can Help You

Penta Technologies develops enterprise software that helps construction, service, and engineering enterprises improve business performance.

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Penta Technologies, Inc.

250 S. Executive Drive, Suite 201
Brookfield, WI 53005
(P) 262.782.7700
support@penta.com