Business Finance Software for the Construction Industry

RedSky’s Construction financial management software is the winner of the Construction Computing Awards 2021 for Best Construction Financial Software of the year.

RedSky offers an integrated suite of construction financial tools that will help your construction business better manage documents and simplify financial reporting. Streamline finances and reporting with RedSky’s construction financial management software.

Contract Ledger

The Contract Ledger gathers all information relating to the contract in a concise format for enquiry and reporting purposes.

Seamless integration from all contract-related Summit (RedSky ERP) modules ensures quick access to cost, value, budget, and committed cost information in numerous user-definable layouts.

A multi-level cost structure allows cost/budget reporting and enquiries at summary, transaction, and intermediate levels using the drill down feature to step down through the levels.

In addition, two further parallel cost structures can be defined, allowing the cost data to be viewed from three different perspectives.

The Contract Ledger Provides:

Contract and Sundry Sales Ledger

Construction and Contracting Industry is unique in the types of transactions it requires to process a “sale”. In addition, the way these transactions affect the management accounts varies from company to company. Using our robust experience in the contracting sector, RedSky has created a very flexible contract sales ledger.

The ledger is fully parameter-driven, which allows users to configure the business’ transaction types and how they affect the system. Once defined, these rules are specified to apply to future transactions (e.g. applications are memoranda only and not subject to VAT).

The Contract And Sundry Sales Ledger includes:

construction financial

Nominal Ledger

The Nominal Ledger uses a definable divisional structure, providing for summarised or detailed construction financial management information. To ensure only authorized personnel can access the Nominal Ledger, security is defined as a menu option and at the account level. This security is carried over for reporting.

All construction financing information is easily accessible using the flexible on-screen enquiry routines.

The Nominal Ledger provides:

Fixed Assets

The Fixed Assets module within Construction Finance software integrates with the Nominal Ledger and Contract Ledger, and the asset database records information on construction financial data, location, depreciation, revaluations, maintenance cycles and maintenance contract information. 

Purchase Ledger

The Purchase Ledger allows fast invoice input, flexible payment routines,and fast retrieval of supplier information, invoices, and payments. Whether current or several months old, the Purchase Ledger can help you store and retrieve the information you need.

The flexible and comprehensive purchase ledger gives users multi-currency options, a “hold” facility for unapproved invoices, and integration with purchase order processing, which enables automatic authorisation of invoices.

This ledger also includes:

Speak to one of our specialists today!