Track projects with job costing for accounts payable
Keep up with demolition, flooring, painting, permitting, lighting and all other costs for every construction/development project – whether you do one project a year or 100s.
With the job costing management tool in NexusPayables, job cost data is directly pulled from your General Ledger(s). Your teams can then properly code invoices and POs to the right project.
Reduce coding errors
Nexus automatically and intelligently pulls the “right” data from the GL and presents it for the “right” invoices. This helps reduce coding errors and makes things easier and faster for AP coders.
Compare to budget
Each line item – from an invoice or PO – can be compared to the budget. If not enough budget is available, the line item will not be allowed, forcing the user to submit a change order.
Get the right approvals
Set up approval workflows based on contract code or job code to ensure that invoices and POs are automatically routed to reviewers familiar with the project/job.
Report on construction management expenses
Pull a wide range of reports about the project to date, including accrued expenses that have not yet been approved for payment.
Plus, share information easily with banks and shareholders. AP teams can easily pull copies of all invoices related to a job's contract or job code, and present them in one bulk invoice report.