It is imperative to know your costs accurately at any time as contracts, additional works and ongoing periodic work blur with ongoing payments of wages, payroll oncosts, subcontractors and suppliers. Your costing may even include inventory and other costs. Infoware provides the tools to expedite your processing as well as accurate and quick reporting giving you the time to review and manage not only your jobs but slice and dice these by contract managers, branch offices, companies and more to make sure you are achieving margins across all areas of your business.
In addition to construction industry focused clients, due to Infoware’s job costing flexibility it is used in a number of other industries including engineering, service providers, factories, commodity trading and farming.
Infoware Job Costing Benefits
Did you know?
Infoware Services, in addition to our easy to use Job Costing, Cleaning & Labour Hire solution includes all our accounting components as well. No third party software and integration costs. Infoware provides full accounting through to financials, BAS and STPV2 compliant payroll –even includes a Fixed Asset and Hire Purchase register
Take control, make better decisions and increase profitability with Infoware Services; our fully-integrated cleaning industry software solution including job costing, rostering and purchasing with industry specific efficiencies and compliance.
Infoware’s fully integrated labour and job costing lets you track costs and revenue for each job at a contract level, as well as periodic and ‘do-and-charge’ sub-jobs with consolidation.
Payroll & Rosters
Payroll often requires significant effort with some systems. Infoware provides web based job costed payroll rosters. Provide your contract managers with the tools to manage their rosters. Pays default from rosters so then once again provide your contract managers with tools to ONLY enter any payroll differences to rosters – removing a lot of repetitive effort each pay run.
Labour to Sales Analysis
Track your labour to sales ratios for jobs and sub-jobs and ensure all extra ‘do and charge’ jobs are invoiced correctly, preventing revenue leakage.
Did you know?
Time saving of at least 72% in processing pays can be achieved where the pay data defaults from rosters; requiring only changes to roster to be entered. With holidays booked and substitute employee engaged even more data entry is removed.
Payroll data can also be uploaded from Time and Attendance (T&A) systems directly into Infoware. Whatever suits your business the best.
The other hidden cost of payroll administration is data preparation.
Infoware’s payroll also includes an award interpreter so no timesheet data preparation is needed. Enter start and finish times and Infoware calculates normal, penalty hours and allowances
Did you know?
If an employee’s pay rate changes the oncost posting cost automatically changes?
Reflect the true cost of wages in job costed P&L’s
There are many on-costs to be added to an employee’s wage to provide the true hourly cost. Infoware calculates the on-costs automatically and accurately – not only superannuation, payroll tax, annual leave and workers comp, but other costs you may wish to recover such as public liability and overheads.
Did you know?
Most businesses report P&L on a calendar basis (other reporting cycles such as 4/4/5 week cycles are supported). A challenge with reporting wages on a calendar basis is that weekly/fortnightly pays often spread across 2 calendar months. Most systems combine all wage costs into one month.
As pays are processed with daily records, Infoware can process wages and oncosts correctly on a calendar basis to your P&L with no extra effort required – producing accurate wages cost for the calendar period.
Infoware’s Purchasing component
Allows you to easily create purchase orders, contract variations, goods receipts and invoices across multi jobs, cost centres and even companies. Review and approve Purchase Orders and Invoices while onsite (or anywhere via the web) including viewing invoice images when combined with Infoware’s i4 DocLink + OCR.
Did you know?
With the implementation of EDI data extraction of creditor and subcontractor pdf invoices can be automatically processed without data entry ready for approval. This removes well over 50% of creditor administration plus provides immediate visibility to project managers onsite.
Other Infoware options include generation of RCTI’s [recipient created tax invoices] from timesheets and generation of standing orders for subcontractors.
Infoware’s Tabular P&L is our most popular P&L reporting format
Listing up to 12 months across the page.
Did you know?
Labour costing businesses typically run separate labour to sales reports. P&L reports can produce labour to sales ratios.
Business can become complex, quickly
You start a business with a few jobs and the business keeps growing. Soon there are jobs being looked after by more than one contract service manager (CSM). Then you start a regional hub and the growth continues.
Did you know?
As alternative to showing 12 monthly columns, you can replace these with years, financial quarters, branches, administrators, divisions or up to 12 jobs to provide tabular P&L comparisons. Exceptional flexibility.
Comparison Actuals vs Budgets
Infoware provides reporting actuals vs budgets. You can even upload revised budgets as required. As an example, you can compare Sept revised budget vs Dec revised budget.
Did you know?
Infoware allows you to generate a forecast P&L – actuals to current period and budget for remainder of the year?
Project Reporting
Infoware allows reporting by primary job and sub jobs. For cleaners and labour focused industries this can track original contract, additional revenue and periodic work. Reporting can be consolidated by primary jobs or individual job.
Did you know?
You can remove revenue leakage by separating additional revenue (do and charge) to make sure all revenue is charged covering additional work.
i4 Query Report Writer & Excel i4 Plugin
We believe to be the most user friendly and powerful report writer available. Design your own reports – from simple lists like a CSM viewing their current list of employees & leave entitlements; to more advanced reports such as ranking the differences between rosters and timesheets, so you can focus only on exceptions for payroll approval.
As a national supplier to BSCAA, Infoware Services support and work with industry representatives to stay up to date with industry requirements and challenges.
We assist your business with compliance by including updates for STP and Pay-As-You-Go tax changes, Fair Work Act changes and other applicable payroll and business legislation.
Value & Service
Dramatically reduce your IT costs while enjoying enhanced functionality and efficiency. For a low monthly subscription, you get the full Infoware business management solution, data hosted in a secure environment, Infoware updates plus included support and more.