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This new product integrates all of the comprehensive accounting features found in Peachtree Premium with specialized, industry-specific tools such as tracking insurance expiration dates for subcontractors, retainage calculation, progress billing and job works in progress reports.

Sage Peachtree Premium Accounting for Construction may be exactly what you need to help build your business to the next level.

Product Features:

New! Construction Basics
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    • Sample Company for feature exploration
    • Construction Chart of Accounts template to facilitate quick startup
    • Additional Mail Merge templates
      • Proposal Transmit Letter
      • Contract Transmit Letter
      • Customer Welcome Letter
    • New Reports for progress billing, vendor insurance tracking, retainage, payroll labor burden, 1099s, and more…
    • Several existing Job Cost reports improved too!
Tracking Subcontractor Insurance
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    • Tracking insurance expiration dates is critical to vendor relationship management. Now you can store expiration dates, insurance company name, policy number, and policy limit for:
      • Workers’ Compensation
      • General Liability Insurance
      • Umbrella Insurance Automobile insurance
      • Tracking Subcontractor Insurance
    • Peachtree will also warn you when entering a transaction using a vendor with an expired insurance policy!
Apply Labor Burden to Jobs
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    • Labor Burden is the extra cost of labor in addition to an employee’s regular wages such as employer taxes, insurance, benefits, and vacation time.
      • Now you can set a burden % at the company and job level
      • Labor burden is automatically calculated based on a % of earnings
      • You can even modify the individual paycheck amounts!
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    • In large jobs, funds are often ‘held back’ to ensure satisfactory completion of work – these funds are referred to as retainage. Now, on invoices and credit memos, Peachtree will automatically calculate how much to retain. Printed invoices, credit memos, and customer statements (showing details) will list the retainage withheld as line items.
    • You can also enter retainage for vendor invoices and credit memos!
Progress Billing for Construction
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    • Includes all the progress billing enhancements in Premium plus…
    • Customers can bill by...
      • % of work complete
      • % of estimated job revenue
      • Can create multiple Progress Billing invoices at one time based on user defined criteria
      • NEW! Progress Billing Report
      • NEW! Work in Progress Report
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