Sage Timberline: Accounting Solutions for Construction Projects

For any construction project to be successful, contractors are required to plan effectively. Those involved with the design and execution of the infrastructure must consider a host of factors such as the environmental impact of the project, site safety, the availability of materials, logistics, and budgeting. One of the more crucial aspects of the job is accounting.
Construction projects in the old days had accountants relying on paper spreadsheets and ledgers in order to manually track financial records of the company's assets and liabilities. Not only was the process time-consuming, but it was also quite costly as contractors and project managers would usually require several accountants in order to complete financial reports on schedule. Nowadays however, the use of modern technology is allowing business owners to cut costs on employee wages and at the same time speed up the financial reporting process.
One of the most notable improvements in construction-specific accounting is the implementation of computerized and web-based accounting software applications. Though the basic accounting principles have remained constant, these computerized solutions have significantly improved many aspects of the profit cycle. An example of this modern innovation is Sage Timberline Office.
Sage Timberline Office is one of the many accounting software solutions offered by the international company Sage Business Solutions. It is a complete, integrated suite of project accounting modules designed specifically for construction. It consists of software that can help project managers make better decisions and increase productivity. Some of the modules included in the Sage Timberline software suite include, but are not limited to, Accounts Payable, Billing, Cash Management, Financial Statement Designer, Payroll, and Purchasing.
Because Sage Timberline is modularly structured, companies need only select the modules that their project requires, thereby reducing the cost of the build. This is an important benefit as it prevents the contractors from being under budgeted and having to pay for services that the project does not even require.
Sage Timberline Office is intended to suit the needs of any construction project. Features like custom descriptions allow contractors to change screen terminology. Custom toolbars provide push-button access to the features that are used most often. The built-in Attachments feature provides a link other files to financial data, such as blueprints or photos from the job site.

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