PURCHASE ORDER RECEIVING & ACCRUALS

Accurate Accruals With Purchase Order Tracking

Materials Receiving in the Field or Warehouse
4castplus purchase order receiving modules enable your teams to enter partial or full quantities of materials received either to a warehouse or direct to the job site
Recording Subcontractor Progress Claims
Streamlined recording of receipts on subcontracts by progress, milestone, amount, transactions or quantities
Recognize Cost and Accruals in Real-Time
Recognize costs of your project when incurred. With 4castplus, you no longer have to wait to receive an invoice from your vendors to see the costs recorded on your project.

Real-time vendor costs, progress and productivity

As the second part of a 3-way match, receiving is the critical step where cost is recognized on the project and seen as a pending liability or accrual. The 4castplus receiving software module is split between three main subareas: recording received materials, recording subcontractor progress, and preconfigured auto-receiving. Each of these subareas is intelligently designed and fit for its explicit purpose. 4castplus receiving is very easy-to-use and flush with controls to ensure strong financial governance and adherence to standards. Once received, the process flows smoothly to the 4castplus vendor invoice module for matching and approval of invoices. All of this includes workflows, document attachments, data integrity compliance and real-time visibility into vendor performance, project cost, revenue and accruals.

 

Track materials to inventory and warehouse locations

Recognize both cost and revenue (where applicable) on receipt

Approvals and reporting for overages

Pre-built and user-configurable accrual reporting

Cash flow planning and reporting

OS&D tracking and resolution

Record subcontractor progress by progress quantity, milestone, transactions and amount

OS&D tracking & resolution

Track materials to inventory & warehouse locations

Recognize both cost & revenue (where applicable) on receipt

Approvals & reporting for overages

Pre-built & user-configurable accrual reporting

Record subcontractor progress by progress quantity, milestone, transactions and amount

Cash flow planning & reporting

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