Financial and Construction Accounting Strategies to Help Make Your Company More Profitable
Whether you currently own Sage 100 Contractor or if you’re looking for an easier way for managing construction payroll, Plumb is hosting a free webinar. In this 30-minute webinar, Plumb will walk you through the different ways to produce construction payroll reports in Sage 100 Contractor. There are many benefits from this functionality of the software that QuickBooks doesn’t offer for the construction industry.
Managing Construction payroll topics will include:
- Certified Payroll
- Union Reports
- Workers Comp Report
- Payroll Calculations & Expenses
- Federal, Multi-State Tax Reports – filing with Aatrix
- Payroll from Daily Field Reports
- Timekeeping Solutions
- Sage Service Operations
Leverage Qualified Benefits on Prevailing Wage Projects: As a non-union contractor who performs prevailing wage work, you must pay the required benefits in cash. However, if you have a qualified health care or vacation benefit program, you can offset the cash requirement with the value of your qualified plan. This requires establishing the hourly value of your qualified benefit plan prior to calculating payroll, then deducting this value from the required cash benefit.
Profits in Action: Use Sage 100 Contractor to make automatic qualified benefit calculations when payroll is processed. Simply enter the value of your qualified benefits as the offset to the prevailing wage rates; all reporting and tax calculations will then be generated.
Save Workers’ Compensation on Prevailing Wage Benefits: When you pay prevailing wage benefits in cash, the vacation portion is not normally subject to workers’ compensation. By excluding these vacation amounts from the workers’ compensation calculation, you may be able to save a sizable amount of money.
Profits in Action: Sage 100 Contractor can make this calculation for you. Simply set the cash vacation benefits to exclude workers’ compensation on the payroll calculation screen. Your workers’ compensation reports and your job costs can reflect the correct amounts.
Want to see a Demo of Sage 100 Contractor?
Successful companies in the building industry develop reputations for completing projects on time and on budget. Plumb makes sure accounting grows with you, based on our experience in providing critical tools, reports and systems to over 500 specialty contractors, general contractors and developers, from start-ups to companies in excess of $100 million. We are true construction accounting experts skilled in outsourced accounting with this list of services.
For more information about Plumb and how Sage 100 Contractor software can help with your construction payroll, contact us.
Take this Construction Software Needs Assessment to find the right construction accounting software for your business.
Sage Paperless Construction Gives You Paperless Payroll
Managing construction payroll is a paper-intensive task, with time-consuming processes that involve timesheets and approvals with manual data entry. Sage Paperless Construction is a solution that can be integrated with Sage 100 Contractor and Sage 300 CRE. Using the system with Sage, the payroll process can be handled electronically with scanned time cards that are routed for approval and importanted into you preferred solution.
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