INTERAC Construction Accounting System

1 Review 5/5

A suite of applications providing comprehensive support for the special needs of contractors

About INTERAC Construction Accounting System

Whether you are a General Contractor, a Heavy/Highway/Civil Contractor, or a Specialty Contractor, Intersoft has an integrated construction job cost and project management solution for you.

The INTERAC Construction Accounting System Offers:

Job Cost is the core of the system which gathers job related information from the other applications and provides a wealth of management information to help you control costs and enhance profitability.

Job Manager provides project managers, estimators and the management team with an instant snapshot of the jobs with the ability to drill down to the transaction level detail at the click of a mouse. With the integrated Document Management System and reporting tools, everything you need to know is readily available.

Accounting - The INTERAC core accounting applications are tailored to the needs of the construction trades, so that all the job related information automatically flows directly into the Job Cost system.

  • Accounts Payable automates the lien waiver process
  • Payroll supports multi-state, union, prevailing wage (certified)
  • Job Billing generates AIA, T&M and contract billing invoices

Subcontractor Control - For general contractors, managing subcontractors and all their contracts is critical. The integrated INTERAC Subcontractor Control application makes it easy to monitor contracts, change orders, payments, retainage, and it also tracks each subcontractor’s liability insurance status.

Equipment Cost & Equipment Manager - For heavy contractors, managing equipment is critical. The integrated INTERAC Equipment Cost system makes it easy to monitor cost, revenue, maintenance, and road taxes. An integrated maintenance work order system streamlines the routine maintenance process.

Equipment Manager puts all the detailed information from the Equipment Cost system in a very user friendly interface. Whether it is a manager who wants to see P&L information, a shop foreman who needs to monitor maintenance, or a project manager wanting to confirm billable equipment hours, all this data is readily available at the click of a mouse.

Service Billing - Many specialty contractors not only provide new construction services, but they also need to maintain their installations after the fact. Service Billing is an excellent tool to manage ongoing maintenance contracts.

  • Work Order management - Convert completed work orders to invoices
  • Management of maintenance contracts
  • Supports serialized inventory & warranty tracking
  • Invoicing for contract, time and material, and recurring billing

Inventory Management - The INTERAC Inventory system is tightly integrated with Job Cost and Service Billing to provide seamless inventory control. Whether you need to manage multiple warehouses, or inventory on a fleet of service vehicles, the INTERAC Inventory suite will make it a breeze.

The inventory management system integrates each of the following applications to provide a comprehensive solution:

  • Inventory
  • Purchase Order
  • Order Entry (for counter / retail sales)
  • Inventory Manager

Accounts Payable

  • Fast and efficient processing of invoices
  • Integrated electronic approval system
  • Information flows seamlessly to Job Cost and General Ledger
  • Vendor account management
  • Integrated reporting
  • Easily import and export data

Accounts Receivable

  • Fast and efficient processing of receipts
  • Auto entry and recurring entry features
  • Information flows through seamlessly to Job Cost and General Ledger
  • Customer account management Integrated reporting
  • Easily import and export data

Bank Reconciliation & Cash Manager

  • Quickly and easily reconcile bank accounts
  • Single screen summary of cash accounts
  • Instant aging reports for both AP and AR
  • Integrated reporting
  • One click data export
  • Interfaces with GL, AP and Payroll

Document Management System

  • Makes documentation readily available to the entire team
  • Eliminates the problem of lost and misplaced documents
  • Automatically generate and save copies of checks, W2’s and 1099’s
  • Add notes, markups, and stamps to documents Save time and space with the DMS archive
  • Tightly integrated with the entire suite of INTERAC applications
  • Print any document from INTERAC applications directly to DMS

Equipment Cost & Equipment Manager

  • Tracks revenue, expenses, maintenance and road taxes
  • Schedules routine maintenance
  • Multiple billing rates for each piece of equipment
  • Enter equipment time with employee time
  • Interfaces with Job Tracker for field data capture
  • Generates equipment maintenance work orders
  • Integrated reporting
  • Interfaces with all the appropriate INTERAC applications

Equipment Manager

  • Instant access to all the equipment data
  • Very user friendly central control screen
  • Drill down to transaction level detail and associated documentation
  • One click reporting and data export
  • Online equipment file

Fixed Asset Management

  • Complete fixed asset depreciation system
  • Separate Federal, State, & Book calculations
  • Always kept up to date with current tax laws
  • Easily compare various depreciation methods

General Ledger

  • Extremely flexible, multi-company system
  • Comparative period to period, actual to budget, variance, or ratio based financial reporting
  • Consolidated reporting for multiple companies or divisions
  • Detailed audit trail to interfacing applications
  • Generates automatic or recurring entries
  • Powerful integrated reporting tools
  • Easily import and export data

Inventory & Inventory Manager

  • Integrated inventory management system with Inventory, Purchase Order, and Order Processing applications
  • Supports multiple warehouses & multiple vendors for each item
  • Maintains on hand, allocated, on order, back ordered, and on order quantities for each item
  • Manages min/max stocking and reorder levels
  • Accommodates different purchase, stocking, and sell by quantities
  • Complete audit trail
  • Quick and easy access to a complete item history with consolidated data from the Inventory, Order Processing and Purchase Order systems
  • Drill down to transaction level detail and view associated documents
  • One click reporting for both summary and detailed information

Job Cost & Job Manager

  • Powerful and flexible tools to monitor job costs, revenue, and progress
  • Track and compare estimated cost, committed cost, and actual cost by phase and category
  • Easily import job setup from estimates or use model jobs
  • Extensive integrated reporting capabilities
  • Integrated billing options for AIA, Contract, T&M, and Free Form
  • Tightly integrated with INTERAC accounting applications for seamless data transfer

Job Manager

  • Instant access to a complete job summary from a very user friendly central control screen
  • Drill down to transaction level detail and see associated documentation
  • Easily sort and filter data to select specific records
  • One click reporting and data export
  • Direct access to Job Cost reports
  • Online job file with all the documentation

Job Tracker

  • An efficient easy-to-use product field data collection and reporting tool.
  • Collect and report employee time, equipment usage, and materials usage in the field.
  • Provides access to a wealth of reporting information which can be used as a management tool to monitor job progress and labor costs.
  • Provides a simple, efficient data entry for project managers, timekeepers, or remote office personnel
  • Employee time, equipment and material usage information can all be collected real-time

Order Processing

  • An excellent order entry system for distribution type operations
  • Integrates with the Inventory system to provide both direct invoicing for counter sales and order entry with separate billing
  • Confirms inventory availability and allocates inventory
  • Supports drop ship, blanket, and consolidated orders
  • Supports customer based pricing and discount options
  • Prints order acknowledgements, picking tickets, and invoices
  • Manages back orders

Payroll & HR Manager

  • Comprehensive payroll system
  • Easily import time from time clock, POS, or spreadsheet templates
  • Integrates with Time Tracker for remote time entry
  • Union dues, benefit accrual and reporting
  • Multi-state processing for all 50 states, including reciprocity
  • User defined earning and deduction options
  • Electronic filing for W2 and 1099
  • Extensive integrated reporting tools
  • Positive pay option eliminates check fraud

HR Manager

  • A real time saving tool for those who handle employee inquiries
  • Instant access to the wealth of employee data from Payroll
  • Drill down to transaction level detail and associated documents Online employee file
  • One click reporting and access to payroll reports

Purchase Order

  • An efficient, timesaving tool for creating and maintaining purchasing records and ensuring the quality, accuracy, and promptness of deliveries of purchased materials.
  • Integrates with the Inventory system to provide a complete inventory management solution
  • Internal PO product file for items not tracked through the Inventory system
  • Sends committed costs to Job Cost
  • Use model PO to expedite data entry
  • Integrated reporting tools

Report Manager

  • Instant access to the powerful INTERAC integrated reporting tools.
  • A great tool for managers to access real-time data without needing to learn how to use the rest of the accounting system.
  • Security settings control which application and specific reports are made available to each user
  • Each user has immediate access to their own customized set of reports
  • Integrates with HR Manager, Equipment Manager and Job Manager

Service Billing

  • A multi-purpose billing product providing flexible invoicing for construction and service related organizations
  • Offers customized invoices, work orders, recurring billings, and multiple pricing structures
  • Tracks service contracts along with their related work orders and invoices
  • Posts revenue and cost to General Ledger and Job Cost
  • Integrated with Inventory it supports serialized inventory, warranty tracking, and backorders
  • Integrated reporting tools

Subcontractor Control

  • Ensures that subcontracts will be done on time and within the terms of the contract
  • Monitors subcontractor liability insurance status
  • Warnings for overbilling and overpayment
  • Manages contract adjustments for change orders
  • Integrated reporting tools

Product Overview

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Professional Services

User Reviews of INTERAC Construction Accounting System

Submitted on December 16th, 2013 by Ralph

Complete accounting package.

The Good…

Good product. Excellent support. Easy to work with support team. knowledgeable, courteous, and responsive.

The Bad…

Nothing really comes to mind.