Sub Contractors and Retentions

Advanced Business Manager has specific systems to account for subcontractor claims and retentions against a job or project.  When you setup a supplier as a subcontractor, you can assign them to specific tasks or jobs.  As the subcontractor submits claims for the work done so far, these can be entered against the related job allowing you to keep track of actual invoices against budgeted cost for that subcontractor.

Subcontractor claims can also manage any tax to be withheld and paid on the supplier behalf.

When setting up a job or project, you can set a retention amount to be retained from customer invoices.  The system will then track and report on the due date for each amount retained.  This saves time and reduces errors when tracking the retention amounts and can make a difference to the profitability of the job or project.

Advanced Business Managers job costing system allows you to track Parent and child jobs or projects and can be used to assist in tracking multiple jobs for the one customer, or branch jobs where reporting and cost controls need to be provided at both branch and head office levels.