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Construction/Contracting Solutions

Microsoft Dynamics NAV is an ideal solution for construction/contracting businesses. That's because Dynamics NAV provides seamlessly integrated modules for Job/Project and Resource accounting, Customer Service, Human Resources and Payroll, and CRM. Furthermore, these modules are seamlessly integrated with the Billing, Accounts Receivable, General Ledger, Inventory, and the rest of the Dynamics NAV modules.

With a Microsoft Dynamics NAV solution you can automate every aspect of your construction accounting needs. Have complete history on every project's records; contracts, change orders, retention receivables and payables, and cost categories for multi-level project costing.

Contracts and Change Orders
Full-featured contract management system for tracking project contract values. Based on original contract  and change orders, the contract management feature will keep track of eacch project's contract value.

Project Costing
Allows user-definable cost categories such as labor, materials, subcontractors, and equipment. Provides unsurpassed multi-dimensional costing flexibility. Any combination of costing levels may be applied to your projects.

Retention Tracking
Project retention receivables and payables are integrated with the Accounts Receivable, Accounts Payable, and General Ledger modules.  This enables users to enter retention percentages for each vendor and customer as well for the project.  This means much easier management of retention changes that occur along the project timeline.

Contract Billings
Contract Billings features provide for ease of billing toward project contracts.  Contract billings are flexible to enable invoicing any dollar value toward the overall project contract or at the cost code level along with identifying change order billings.  These project billings are accessible through the statistics screen on the project record.

AIA Billings
AIA billings feature gives the user the ability to manage billing items that are under contract with owners with scheduled values that together represent the whole contract.  With AIA billings the users can enter billing applications with all submitted scheduled items and their respective percentage, quantity, or lump sum of item value to be invoiced to the owner.  AIA billings will even take in to account “stored materials”.

Project Statistics and Reports
Project Pro has many project management inquiry screens with “drill-down and drill-around functionality” along with construction-specific reports.

Percentage of Completion Report
Summarizes the status of each project as it relates to actual costs verses anticipated costs to complete project. The formulas applied determine the earned portion of the project's contract along with over or under billings as they relate to actual project billings.

Project Actual Costs To Estimated (Budgeted)
Used to compare actual costs incurred as they relate to budgeted costs at the activity, process and operation levels.

Project Cost and Billing Report
Compares actual costs against actual project billings.  This information can be used as an indication of a project's positive or negative cash flow.

Project Cost Category Report
Project costs are summarized by cost categories such as Labor, Materials, Equipment, Subcontractor, etc. while comparing budgeted costs, committed costs, actual costs, variance and variance percents

Bonding Report
Similar to the Percentage of Completion Report with the added information relative to project's overall estimated profit and current gross profit based on percentage of completion.

Project Status Summary Report
Provides a complete picture of the project including contract amount, billings, retention, payments received, costs-to-date, along with the project's open payables and open receivables.

What Makes A
Dynamics NAV Project Accounting Solution Different?