Time and Materials
Time and Materials
Operate your business more smoothly, get funds in hand sooner.
The Time & Materials construction software automates operations while allowing for flexibility and customization. You can bill for time and material now, then add in your contractor fees. New fees or items are identified and billed. The Time & Materials application tracks billing so that these new items are billed without mistakenly re-billing previous items.
What does your Time and Materials look like today?
What could it look like tomorrow?
TODAY:
You don’t have automated software, so you have to wait until actual costs are finalized to bill.TOMORROW:
- Spectrum® Time & Materials software allows you to automatically create billing once the costs are committed for each job.
- Once a bill is sent, the bill detail is automatically transferred to Accounts Receivable.
TODAY:
It is difficult to accommodate different billing rates within your current accounting software.TOMORROW:
- You can easily input different billing rates by employee, employee category, or even by phase. If all jobs are the same, you can set this information once, or you can input billing rates by job.
- If inventory items or equipment codes require a special billing rate, you can easily set these rates.
- You have the option to create billing rates for regular hours, over-time, and even double time.
TODAY:
Tracking time and material is difficult because there is little flexibility in your current software.TOMORROW:
- Line items and descriptions are easily added to a bill, even after it has been created.
- Even if the payroll process is not complete, you can bill daily time cards through the Time & Material application.
Wouldn’t It Be Nice?
Wouldn’t it be nice if billing for time and materials were efficient? If you could bill as soon as costs are committed? Spectrum® Time & Material application makes preparing substantiated billings easy with features like Document Imaging, that help you manage and store back-up information.Key benefits of the Time & Materials construction software include:- Verified billings are easily produced with back-up images and transaction documents.
- You can bill your clients once costs are committed without waiting for invoices or running payroll.
- Invoices are easily edited and you can bill in a number of different formats should you need to.
- Enter information once and let Spectrum® populate the other relevant applications within the software, saving you time and potential entry error.
- Your audit trail is more complete using the Document Imaging feature that allows you to scan and assign documents, images, and notes to a particular bill.
- Create change orders as well as time and material phases for either fixed-bid jobs or lump sum contracts.
Reports Available
- Pre-Billing
- Cost Type Billing History
- Detail Billing History
- Billing / Cost Analysis
- Job Billing Listing
- Job Labour Billing Rates
- Job Equipment Billing Rates
- Pre-Billing
- Cost Type Billing History
- Detail Billing History
- Billing / Cost Analysis
- Job Billing Listing
- Job Labour Billing Rates
- Job Equipment Billing Rates
The complete Construction Management Software package.
Our Construction Management Software will not only meet, but exceed your needs.
