EJM Solutions

Accounting and Costing

A full featured and comprehensive costing and accounting module

Built for the unique requirements of the construction industry from subcontractors and orders to certificates and retention. It is IAS and IFRS compliant and is a solid foundation for ISO or SANS certification if required.

Client

Project-linked invoicing
  • On contracts where have multiple drawings, the invoice system is seamlessly linked to EJM Project drawings. This generates the invoice with previous cumulative, cumulative and current values, taking into account retention, MOS and VAT.

  • In order not to be liable for VAT on payments not yet received, there is provision for a pro-forma invoice with similar layout as just described. Once payment is received, the VAT invoice is created from the pro-forma invoice. This allows you to recognise revenue for costing purposes.

  • If you are in a jobbing environment, the system can create quotes or import quotes. A quote can become a pro-forma invoice and from there an invoice.
Client management for construction

The module also includes all standard debtor functionality, such as:

  • age analysis
  • statements
  • receipt posting
  • credit notes

It also includes:

  • Retention reporting
  • PC Claim and Certificate reports

Suppliers & Subcontractors

Creditor & Order Control

The creditors module offers all the administrative and control tools required to effectively manage creditors, with a focus on subcontractors and order management.

Orders can be drawn from allowables linked to the Project module or generated on-the-fly for ad-hoc purchases such as stationery. This ensures that all creditor activity is handled in an organised and accountable manner.

Delivery & Cost Recognition

The module allows delivery notes to be matched directly with orders, enabling project expenses to be recognised as soon as the goods are delivered rather than waiting until invoicing. This early costing ensures better project cost visibility and control.

For subcontractor payments, the module facilitates the creation of certificates derived from project allowables, capturing progress during each payment cycle. These certificates take into account previous payments, retention, contract charges, and statutory deductions for labour-only subcontractors, ensuring accurate and comprehensive financial management.

Accounting

Accounts Management
  • Import bank statements, reconcile bank accounts
  • Manage your fixed assets, set up depreciation rules
  • Receiving & issuing of inventory, completing stock takes
  • Maintain VAT reporting
  • Track and manage Subcontractor and Client retention

Financial Reporting

Financial statements reflect the balances for the year-to-date and the current period. Also comparing the year-to-date at the same period in the previous year.

The Trail Balances can be drawn with differing degrees of detail. You can have a complete Trail Balance with all balances or a compact one with major and sub categories.

There is a comprehensive General Ledger, transaction (journal). You can drill down transaction level.

EJM is an accounting year-end rollover, resulting in making multiple year reporting. EJM SQL Accounting, there is no limit to the number of accounting years.

Trend & Cash Flow Analysis

Understand financial movement across reporting periods to improve cash flow planning and identify potential issues early.

  • Movement Per Period and Cumulative Balances reports help identify financial trends.
  • Supports cash flow planning and assists in problem resolution by tracking movement over time.
Cost Reports & Drill-Down Analysis

Stay in control of project costs with reports that highlight key figures while allowing detailed investigation when needed.

  • Provides clear, distraction-free reporting focused on essential cost data.
  • Includes in-depth drill-down capabilities for detailed cost tracking and issue resolution.
Integrate

Accounting and costing

With the accounting and costing module, you get full visibility of your finances, ensuring accurate reporting, better cash flow, and smarter cost control.

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