Stop spending hours calculating percentage of completion! Automate it with Construction GAAP™! Software Developed by CPAs to Close the GAAPs in QuickBooks®
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The Practice Advance software is a due date tracking and workflow system.
Learn more about CPA Firm Project Management »
POMaker is a custom integration for a web retail distribution company for its sales revenue software to QuickBooks.
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Accounting Integrator is a designed and developed a custom accounting interface to QuickBooks using an XML data stream from a web-based back office system. Using the base functionality we have already developed, we can create a custom integration solution that will tie various systems together and generate tremendous labor savings.
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Stop spending hours calculating percentage of completion! Automate it with Construction GAAP™!
Software Developed by CPAs to Close the GAAPs in QuickBooks®
Businesses in industries, such as construction, architecture, and aircraft repair, typically have multiple jobs spanning over multiple periods and use accrual accounting. Percentage-of-completion calculation is necessary for Generally Accepted Accounting Principles (GAAP) reporting for financial statements required by financial institutions, bonding companies, and potential investors.
Either the internal bookkeeper spends many hours to calculate the percentage of completion, or the business pays a CPA firm to perform simple yet very time-consuming calculations. The business is not using its resources well, and errors are exponentially increased. CGAAP eliminates all these problems with an automation of the process.
CGAAP automates percentage of completion and integrates with QuickBooks! CGAAP pulls current information, including regular and overtime rates of payroll burden and material costs, from QuickBooks and calculates the percentage of completion on a job-by-job basis. After your review, a click of a button instantly creates journal entries for over-and-under revenue entries, including reversing entries for both period-to-date and life-to-date percentage of completion. CGAAP automatically updates QuickBooks for each period
Rather than spend twenty to thirty hours in calculation time for each reporting period, spend twenty to thirty minutes in calculation and the remaining time to analyze the information to increase the bottom line.
The Practice Advance software has been developed and used internally by The Mangold Group, CPAs, P.C., which in 2020 became Mangold Anker Phillips, PLLC. Prior to 2006 the firm was looking for a due date tracking and workflow system. No solutions with the features we envisioned even remotely close were on the market, so we developed our own in-house software. Since 2006 the software has been an effective tool for Mangold Anker Phillips and formerly The Mangold Group. With use by Mangold Anker Phillips and the testing of a group of small CPA firms, the software has been enhanced with additional customized features and improvements.
Research has indicated an increasing demand for a viable solution to the workflow management problem in the accounting industry. Other similar products on the market still do not have the necessary features. Therefore, the TMG Software, LLC is considering making Practice Advance commercially available to other firms.
The basic concept of the workflow management solution revolves around automating the old routing sheets that many CPA firms still use. The software solution calls the routing sheets “dockets.” The dockets are used to track nearly everything the firm does – tax, accounting, and internal projects.
The basic functionality can be used a few different ways. Primarily we set up a recurring task tied to a client or engagement on some interval, assign a workflow template to it, and let the system generate the docket, or we manually generate dockets for non-recurring projects.
The software includes a datacenter management and currently integrates with QuickBooks and BillQuick. The software is on a SaaS environment with the security and infrastructure to support a large user base.
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QuickBooks® purchase order generation suddenly got smarter!
If you use QuickBooks® from Intuit® to manage your business, chances are, you also send purchase orders to your suppliers and vendors. If you do, we’re about to make your life easier! We are constantly looking for ways to help you get the most out of QuickBooks® and your business.
POMaker™ is an add-on product for QuickBooks® that boasts an array of value-added services and intelligence to the purchase order generation process. We’ve built POMaker™ to provide you with a cohesive look and feel just like you experience when using QuickBooks®. But with a few more bells, whistles and smarts…
POMaker™ gives you the intelligence to decide how you would like to generate your purchase orders and you can do this in one of three ways: By products for a specific vendor, by having POMaker™ automatically tell you which products need re-ordering based on thresholds that you predefine, or arbitrarily selecting all the products you would like to reorder and letting POMaker™ figure out from whom to order them. Then with the click of a button, POMaker™ will generate all the purchase orders it needs and neatly write them into QuickBooks® for you. So you can conveniently send them on to your suppliers from there.
Whether you have a few dozen products that you regularly buy, or several thousands, POMaker™ is a great time-saver and makes re-stocking your inventory a no-brainer. It seamlessly plugs itself into your new or existing QuickBooks® setup. POMaker™ is an absolute essential for people that need to frequently generate purchase orders for their suppliers.
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Accounting Integrator is a custom accounting interface between merchant services and other databases with QuickBooks using an XML data stream from a web-based back office system.
Accounting Integrator acts as a gateway between multiple systems, and it processes and communicates documents across the systems. Accounting Integrator reads files from the back office system and performs several tasks, including the creation of transactions in QuickBooks accounting system, the performance of authorizations, and captures with the bank merchant services system. As the processes are completed, appropriate PDFs and Meta data files are generated as confirmations of actions completed. These data files are then available for the back office staff to present to the end customer. Additionally, the data created inside QuickBooks accounting system allows financial reporting to be generated.
Using the base functionality we have already developed, we can create a custom integration solution that will tie various systems together and generate tremendous labor savings.
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