Detailed reviews of accounting software for construction company downloads: MISA, Fast, Bravo... and accounting software management intensive AccNet ERP to help optimize price, cash flow management efficiency.
Businesses can easily find many accounting software built specifically or multipurpose popular in Vietnam such as AccNet ERP, MISA , Fast, EasyBooks, Bravo, Simba Smart Pro. This software is designed to solve the peculiarities of the sector such as the cost of the project, cost management according to the project, financial reporting accuracy.
In the field of construction peculiarities, financial management, always much more complicated than commercial or service. Controlling the cost of raw materials, tracking of assets-in-progress, or the price for each item works problem is the headache of all the chief accountant. Therefore, the page is a accounting software for construction business specialized not only is demand, which is a core element to ensure profitability, financial transparency.
In the article below Lac Viet Computing will provide comprehensive information on the most popular tool today with solution management-depth help businesses optimize resources.
1. Peculiarities and challenges in management accounting and finance the construction industry
Before search engines, businesses need to look at the “holes” manage common. Other than the trade or services, construction accounting is always faced with the separate pressure:
- Risks from cost in progress (WIP): Businesses often have difficulty in determining the point of falling revenue, the cost of works spanning over several accounting period. The don't separate clearly the cost of each stage easily lead to reported interest virtual – hole truth.
- Loss of supplies in the market: This is a controversial problem that most due to the geographical distance between the office and the school. The lack of control the actual level compared with the estimates that the cost of raw material is frequently team up.
- Pressure cash flow, debt: the construction Industry whose peculiarities it is to experience fall in stages and keep the money-back warranty. The management of the craft easily lead to a situation is misappropriation of funds, forget the debt or not balance the cash flow paid to subcontractors.
2. The core features a accounting software for construction business should have
To solve radical 3 problem mentioned above, an accounting software for construction company effective need to meet the specific requirements below:
- Calculate the price according to the process: the Ability to set cost price for each work items that are most important features.
- Manage project cost: allows For tracking expenses incurred in detail according to each project to help control the budget, cash flow effectively.
- Material management, warehousing: management Support import, export, inventory supplies, building materials, avoiding waste.
- Contract management, payment: track the progress of the contract with the owner, subcontractors, management, payment, debt collection.
- Financial reporting and tax: automatic financial reporting, tax reporting in accordance with the law, minimize errors.
- Integration: ability to integrate with other systems such as electronic invoices, electronic banking, software project management, to optimize the workflow.
3. Top 7 accounting software for construction companies to be more enterprise deployments
Today's market offers many tools support accounting. Below is detail information and feature highlights of the software is being used widely to help you look objectively to choose accounting software construction fits most.
3.1 AccNet ERP custom depth for the construction industry
While the software mentioned above focused on the recording and reporting of accounting data, business, large scale construction is gradually shifting to the management model enterprise resource planning (ERP).
AccNet ERP is rated as accounting software for construction business in the premium segment, solve overall administration that the accounting software, a single has to do is:
- Budget control: AccNet ERP allows to set the budget for each work item right from the start. System will automatically alert or block detail if require payment in excess of the budget, help business owners control the flow of money initiative (“room post-test”).
- Analysis of the gain or loss Real-time (P&L under construction): No need to wait for the end of the month, AccNet ERP provides profit and loss statement estimates of the project in real time, based on data continuous updates from the school, and the studio to buy.
- Integrate comprehensive data: System closely connected between: project Management – Purchasing – Inventory – accounting – Human resources salary. This eliminates errors due to input manually, ensure consistency of data.
- Scalability is not limited to: AccNet ERP is designed to handle big data (Big Data), suitable for the general contractor, the group has many branches need centralized management on a single platform.
ACCOUNTING SOLUTIONS ACCNET ERP INTEGRATED AI AUTOMATE ALL BUSINESS
AccNet ERP is a software solution financial accounting integrated in the management system, comprehensive enterprise, which is developed by Lac Viet corporation. Difference highlights of AccNet ERP is the app artificial intelligence (AI) in many accounting process to help businesses:
- Automation of accounting and classified documents.
- Improving the accuracy in data control.
- Shorten processing time business accounting – financial.
Thanks to that, AccNet ERP not only is support tool but also a “smart assistant” with the business in financial management transparent effect.
Feature highlights:
✔️ Automatic accounting vouchers, collate public debt thanks to AI.
✔️ Manage your finance – accounting multi-branch, multi-subsidiary.
✔️ Financial statements consolidated standards of Vietnam & international (VAS, IFRS).
✔️ Cash flow management, budgeting, forecasting the exact cost.
✔️ Connect with the manure management system, hr, production, sales to sync data.
✔️ Integration of AI in data analysis, risk warning and proposed optimal scheme.
TYPICAL CUSTOMERS ARE DEPLOYING ACCNET ERP
- Nitto Denko – control production costs thanks to the application of accounting costing: Nitto Denko has chosen solution AccNet ERP to deploy the system accounting calculating cost ofhelp business control costs more effectively in the production process. After a period of use, company, highly effective, practical system that brings, as well as the degree of stability superior to other software in the market.
- ANTESCO – restructuring process works with management accounting operation: At ANTESCO, our team of consultants and deployment of AccNetERP has collaborated closely with the business in the first phase, reset the standard process and construction work-flow related departments throughout. The solution has helped ANTESCO significantly improve management capabilities, operating in a synchronized way and versatile
- Khatoco – expansion pack solution AccNetC after the successful implementation of original: Lac Viet has successfully deployed package solution AccNetC for trade co., LTD Khatoco in Nha Trang, according to the agreement signed on 29/07/2014. After the system is first put into operation efficiency, Khatoco intends to continue cooperation and expand the distribution finance – accounting and retail management with AccNetC, expressing the deep trust in implementation capacity and quality of service from Lac Viet.
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INTEGRATED AI ACCELERATION CONVERTER OF ACCOUNTING
AI in AccNet ERP't just stop at automate data entry, but also:
- Identification & classification certificate from smart: AI scan, read & sort invoice, voucher, receipt, limit errors due to input manually.
- Financial forecasting & budget: the system uses algorithms machine learning to forecast cost, revenue, business support decision fast.
- Warning risk accounting: AI to detect abnormalities in the book, from which timely warning of false or fraud risks.
- Reports assistant smart: AI suggested report template, automatic data aggregation support, leadership, financial analysis instant.
BUSINESS IS WHAT WHEN IMPLEMENTING ACCOUNTING SOFTWARE LAC VIET?
- Experience more than 30 years develop software solutions business management in Vietnam.
- Ecosystem of comprehensive: AccNet ERP easily connect with other solutions of Lac Viet (HRM, Workflow, Portal...).
- Advanced technology: Integrated AI support, cloud & on-premise flexible.
- Services dedicated support: A team of knowledgeable professionals with accounting – finance in Vietnam, companion throughout the deployment.
- Trust from thousands of customers in many areas: finance, banking, manufacturing, trade, services.
See details, feature & get FREE Demo
CONTACT INFORMATION:
- Hotline: 0901 555 063
- Email: accnet@lacviet.com.vn | Website: https://accnet.vn/
- Office address: 23 Nguyen Thi Huynh, Phu Nhuan, ho chi minh CITY.CITY
3.2 Misa Amis accounting
MISA is brand accounting software has a big market share in Vietnam. With diverse ecosystems, MISA offers both the package version and the online version. This is the solution favored thanks to the stability, compliance with legal high.
Feature highlights:
- Compliance with legal absolute: The software always updated timely forms, vouchers, regulations, according to the latest circular 200 (for large businesses), circular 133 (for small and medium enterprises), especially Circular 88 (for business, construction contractors private).
- The price of in-depth: MISA for cost calculation by the method of simple coefficient, rate, or follow the work/service work. The software automatically allocated common costs (labor, depreciation) according to many criteria.
- Connected eco-system: pre-Integrated with electronic invoicing, electronic banking and tax authorities to help minimize operation enter the data manually.
- Administration report: Provides hundreds of sample management reports, lets see profits and losses under each of the works on mobile devices (Mobile App).
3.3 Fast Accounting
Fast Accounting solution is the oldest, prestigious and famous with the possibility of high-speed processing, big data (Big Data). This software is often the construction business have medium and large scale use due to the possibility of powerful customization.
Feature highlights:
- Project management construction and installation: Fast Accounting private design, management of construction, allows for tracking details from the moment of launch until settlement.
- Dealt price of complexity: Support price for the works that the cost structure of the complex, multiple items of the child, allow product reviews unfinished final flexibility.
- Work cross-platform: Version Fast Accounting Online allows accounting access, work anytime, anywhere on your web browser without installation.
3.4 Bravo
Bravo is not merely accounting software which is positioned as solutions overall management (ERP). Bravo accordance with the construction business has the organizational structure complex, multi-branch or subsidiary companies need to merge the data.
Feature highlights:
- Customize (Customize) on request: the strongest Point of Bravo is the ability to re-design process software to dovetail with the process of actual operation of the construction business.
- Data link related departments: Data are closely linked from the Engineering department (draft) -> supplies (purchases) -> accounting help better control the level of supplies.
- Consolidated financial statements: strongly Supports the synthesis of data from the member units, financial reporting consolidated quickly.
3.5 EasyBooks
EasyBooks is accounting software online the new generation, aiming for simplicity, modern and optimal cost. This is the accounting software for construction business small and medium scale, or units of accounting services.
Feature highlights:
- Intuitive interface: user-friendly design, easy to get acquainted even with the not so familiar with technology.
- High automation: automatic accounting of the stock from buy-in/sell-out from bill electronic, help to save time entering data.
- No limit: some plans of EasyBooks allows unlimited number of users and vouchers to help businesses save on operating costs.
3.6 Smart Pro
Smart Pro is software developed in-depth for the specific areas as building, Construction and installation. The interface of the Smart Pro brings a classic style, but very strong about the features handle details (“the war”).
Feature highlights:
- Specialized for construction: contains the functions individually designed to track an inventory of materials according to works, in the book in the form of general diary or journal voucher easily.
- Import/Export Excel powerful: the Ability to push the data out to Excel ultra-fast, flexible, supports accountant editing, processing raw data efficiently.
- Technology filter data smart: Helps to lookup and search filtering, vouchers, public debt of the old project quickly.
3.7 Simba
Simba is the product packed of AsiaSoft, targeted towards small and medium businesses with the cost of the initial investment low.
Feature highlights:
- Simplify the process: Focus on the accounting profession to the core, reduce manipulation excess not needed.
- Cost management: Support set cost price according to the direct method or the step stool, suitable for the small scale works.
5. Criteria for selecting accounting software for construction company in accordance with each scale
Choosing the right accounting software for construction business will determine the operational efficiency of the financial. Here are tips based on scale business:
- For small business/new established: The software like MISA, EasyBooks or Simba is a reasonable option thanks to low cost, rapid deployment, fully meet the tax requirements.
- For medium businesses: Fast Accounting or Smart Pro will better support thanks to its ability to handle detailed data, calculate the price of flexibility.
- For big business, General contractor: When the problem is not just “book” that is “cash flow management and optimum profits”, AccNet ERP or Bravo is investment worthy. AccNet ERP especially suitable for businesses that need a system of international normalized, but still knowledgeable accounting profession in Vietnam.
Investing in technology is a strategic move. Please select accounting software for construction companies not only solved the problem today, but also accompany the development of business in the future.
You need a solution financial management & work-intensive? Contact us Vietnam for advice and Demo solutions AccNet ERP – platform management firm for the construction industry.
