Applications and Valuations The new Applications and Valuations module extends the functionality already offered by the existing Project, Job Costing and CIS/RCT Modules* within Exchequer Enterprise, by automating many of the complex postings and calculations required to track sub-contractor Applications for payment and accurately manage tax deductions. This helps to reduce the admin burden on companies within the construction industry whilst improving cash-flow management and budget control. Key Benefits Valuations The basis of a valuation can be prepared in advance of Valuation Wizard Revenue Analysis Codes can be valued via a percentage amount or value Utilises a clear and intuitive wizard to generate an Uncertified/Certified sales application Valuations can be based on either an “Internal” or “External” (i.e. in Conjunction with the Client) basis. Conversion of work in progress is handled completely separately to the valuation of a Job Contractor Relationships Negotiated trading deductions such as MCD, CITB, Retention period and amount can be set-up against each Sub-Contractor and job/contract Negotiated trading gross analysis such as materials, labour, dayworks can be set-up against each Sub-Contractor and job/contract Contractor Relationship Revenue Analysis and pre-configured deductions are used as the basis of generating Sales Applications (JSA) Contractor Relationship Cost Analysis and pre-configured deductions are used as the basis of generating Purchase Applications (JPA) Insurance policy and expiry dates are retained against the Sub-Contractor record Default negotiated trading deductions such as MCD, CITB, retention period and amount can be set-up for each job or contract (JPT/JST) Negotiated trading gross analysis such as materials, labour and dayworks can be set-up for each job or contract. (JST/JPT) Key Benefits Applications Supports both sales and purchase applications (JPA,JSA) Distinguishes application between uncertified and certified Type and content of application are instigated via an Intuitive Wizard Applications can be generated for contracts as well as Jobs Applications can be set as either interim or final Whilst a purchase application is being generated, checks to ensure that the sub-contractors insurance policy has not expired Being analysis code led, unlimited deduction types are supported MCD discount supported via analysis code deduction CITB deduction supported via analysis code deduction User defineable discounts supported via analysis codes User can override the deduction discounts pre-set from the contractor trading relationship Flexible revenue analysis User configurable dayworks as analysis code Supports authenticated tax receipts and the deferment of VAT/GST Supports self-billed applications Flexible and intuitive layout for applications CIS/RCT Tax deduction can be included as a deduction of the application