Applications & Valuations

Many of the complex postings and calculations required to track sub-contractor applications for payment and accurately manage tax deductions are automated.

 

Key benefits

Applications

• Supports both sales and purchase applications (JPA, JSA)
• Distinguishes applications between uncertified and certified
• Type and content of application instigated via an intuitive Wizard
• Applications can be generated for contracts as well as jobs
• Applications can be set as either interim or final
• Whilst a purchase application is being generated, checks are made to ensure that the sub-contractors' insurance policy has not expired
• Being analysis code led, unlimited deduction types are supported
• MCD discount supported via analysis code deduction
• CITB deduction supported via analysis code deduction
• User-definable discounts supported via analysis codes
• User can override the deduction discounts pre-set from the contractor trading relationship
• Flexible revenue analysis
• User configurable dayworks as analysis code
• Supports authenticated tax receipts and the deferment of VAT/GST
• Supports self-billed applications
• Flexible and intuitive layout for applications
• CIS/RCT Tax deduction can be included as a deduction of the application
• Aggregate certified sales applications
• When appropriate, automatically create a sales receipt for a certified sales application

Valuations

• The basis of a valuation can be prepared in advance of Valuation Wizard
• Revenue Analysis Codes can be valued via a percentage amount or value
• Utilises a clear and intuitive wizard to generate an Uncertified/Certified sales application
• Valuations can be based on either an 'Internal' or 'External' (i.e. in Conjunction with the Client) basis
• Conversion of Work In Progress is handled completely separately to the valuation of a Job

Contractor Relationships

• Negotiated trading deductions such as MCD, CITB, retention period and amount can be set-up against each Sub-contractor and job/contract
• Negotiated trading gross analysis such as materials, labour, and dayworks can be set-up against each Sub-contractor and job/contract
• Contractor Relationship Revenue Analysis and pre-configured deductions are used as the basis of generating Sales Applications (JSA)
• Contractor Relationship Cost Analysis and pre-configured deductions are used as the basis of generating Purchase Applications (JPA)
• Insurance policy and expiry dates are retained against the Sub-contractor record
• Default negotiated trading deductions such as MCD, CITB, retention period and amount can be set-up for each job or contract (JPT/JST)
• Negotiated trading gross analysis such as materials, labour and dayworks can be set-up for each job or contract. (JST/JPT)