An accounting software system designed by Comet Construction Software for construction companies.
Comet2005 is a very affordable Job Cost / Accounting solution, designed exclusively for the construction industry. Whether you are doing one job or as many as 2500 jobs per year, our software can handle all of your job cost tracking and accounting needs. The powerful features of the software allow you to control all aspects of your construction business with a simple, easy-to-use interface.
The software allows you to input data simply and efficiently, and then generate reports with as little or as much detail as you want. Solid data helps you identify areas where you are losing money, areas that are routinely over your estimates and in general, just gives you the information you need to make better decisions. With the right tools, any job is made easier.
The core Comet2005 package includes the Job Cost, Accounts Payable, General Ledger and Bank Reconciliation modules to get you off to a great start in organizing your financials. As your business needs grow, you can easily add optional modules, such as Purchase Order, Payroll, Accounts Receivable or Warranty Management.
The following outlines some features of each of the modules:
Extensive vendor tracking system includes worker’s compensation insurance information and expiration dates, open item aging reports, year-to-date purchases, 1099s and detail check history.
The Accounts Payable module is fully integrated with the Job Cost, Purchase Order and General Ledger modules. Extensive vendor tracking includes insurance information and expiration dates, phone numbers, email addresses, year-to-date purchases and 1099 information. Detailed aging reports show up to the minute detailed information at your fingertips.
Allows easy entry and tracking of invoice payments by customer and by job. Reporting includes invoicing, summary and detail aging reports, billing reports by job, payments by job and monthly statements.
The Accounts Receivable module is fully integrated with the Job Cost and General Ledger modules. Invoices can be entered, posted and printed very quickly using the simple invoice entry screen. The detailed aging report can be printed by customer, dates, project or job.
Provides summary financial information when needed, with detail information just a simple mouse-click away. Each company has a separate chart of accounts that can be built from a master chart of accounts or copied from another company. The user can format the standard financial statements to a variety of formats, as well as set up supporting schedules to provide more detailed information used in the analysis of Balance Sheet and Income Statement accounts. As needed, each job is tracked by work-in-process, earnest money received, loan draws made, and cost of construction. When a job is closed, click a single ‘Closed’ button and the proper accounting entries are made for you automatically.
The General Ledger module is the core of the software. All of the accounting modules in the software interface with the General Ledger, allowing access to up-to-the-minute detailed financial information so that your day-to-day decisions are faster and smarter. It delivers what you need, when you need it.
Primary features begin with the simplicity, flexibility and quickness of setting up new Job Cost records. Once preliminary job files are set up, an automatic job setup feature allows you to set up additional jobs and estimates in minutes. A variety of reports provide management with decision-making tools for Job Cost monitoring and future cost controls.
Primary features of the Job Cost module begin with simplicity, flexibility, and quickness of setting up new job cost records. Once preliminary job files are set up, an automatic job setup feature will allow you to set up additional jobs in a matter of minutes. Cost dollars and units can be entered directly to the job cost files or automatically passed from the Accounts Payable or Payroll modules. A wide variety of reports provide management with decision-making tools for current job cost monitoring and future cost controls. The Job Cost module allows you to categorize jobs into logical groups that are custom-fit for your specific needs.
Developed specifically for the construction industry. Reporting features include viewing reports by date ranges, employee number and in detailed or summary reports.
The Payroll module interfaces with the Job Cost and General Ledger modules. Payroll can be installed and payroll checks written at any time during the year. The system allows up to ten benefits/deductions per employee and covers most common types found in the construction industry.
Provides the ultimate control of jobs, suppliers and subcontractors. Includes the tools necessary to quickly and efficiently instruct subcontractors and suppliers as to the products and services you need. Prices and quantities of material are confirmed in writing. Detailed instructions help eliminate finger-pointing and save you money.
The Purchase Order module provides complete control over your purchases and integrates fully with the Comet2005 Accounts Payable and Job Cost modules. As purchase order receipts are entered, the Accounts Payable files are updated automatically to eliminate manual entries. The price book included with the software provides a default list of material items. These items can easily be modified and new items can be added as needed to conform to your specific type of construction.
As Price Book items are entered, the description and unit price are recalled, but may be manually overridden. As purchase orders are accepted and printed, the software tracks the status of each purchase order and each line item. When prices vary or are unknown, a quote request can be printed, faxed, or emailed to your supplier.
Tracks service calls, repair orders and warranty expiration dates. Assigns work orders to suppliers, subcontractors, or employees, as they are received. Reporting includes work order and service call schedules. Warranty Tracking interfaces with the Job Cost and Accounts Payable modules automatically.
This module makes you the hero with new homeowners and subcontractors. Once a job is sold, the warranty management module retrieves the job cost information required for tracking warranty expiration dates and warranty service calls (‘punch list’). The information tracked includes detailed information about the owner, including address, phone number, spouse, directions to house, personal notes about owner, etc.
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