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.
Yes. PENTA allows users to capture documents such as accounts payable invoices electronically, providing centralized storage and access.
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.
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.
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.
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.
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.
Yes. PENTA enables construction companies to configure positive pay files for accounts payable and/or payroll checks for an unlimited number of bank accounts.
Yes. Track an original budget as well as an unlimited number of revisions or re-forecasts of budget information.
Yes. PENTA provides multiple Contracts in Progress or Work in Process report options for inclusion in a standard financial reporting package.