FAS Construction in Progress Accounting lets you take control over your fixed assets—even before they become fixed assets. Whether you're assembling multi-component equipment, upgrading machinery, renovating buildings, or just accumulating separate invoices prior to placing a fixed asset into service, FAS Construction in Progress Accounting is the perfect addition to FAS Asset Accounting^TM.

With multiple levels of detail tracking and numerous built-in reports, you can easily manage and report on unlimited projects—including current project status, actual vs. budget variance, and project details. Plus, with this fully integrated solution your fixed assets are instantly created in FAS Asset Accounting upon project completion.

Setting up your construction in progress tracking system is a breeze:

• Get started quickly by easily importing transaction details into your projects from spreadsheets or other systems—or record them as they occur
• Easily manage unlimited projects of any type or size—up to thousands of individual components
• Manage both capitalized and expensed assets for convenient project tracking
• Easily accumulate and summarize numerous purchase orders, invoices, receipts, and tasks—including physical components, shipping costs, labor/assembly charges, and unlimited miscellaneous items
• Automatic roll-up of actual purchase order, invoice, and task costs at the asset and project levels, giving instant access to critical information without running a report
• Gain total command over your fixed assets before they become fixed assets
• Familiar FAS "Detail View" and "Group View" screens, and the powerful "Group Manager" feature, puts the information you need at your finger tips
• Global "Search & Replace" function makes bulk data updates a breeze
• Instantly monitor Budget vs. Actuals with on-screen financial analysis, including original and revised budgets, for immediate notification of cost overruns
• Administer data at multiple levels, including project, line item/asset, and invoice/purchase order
• Track all of your project details including status, contacts, notes, and all the financials—plus monitor both physical and financial completion status of projects
• Customizable to your business with over 45 user-defined fields covering all levels of detail
• Built-in reports provide instant insight into your business with the click of a button
• Consolidated reports offer a broad look at your business across all projects

Seamless integration creates powerful results:

• Seamless integration with the entire suite of FAS fixed asset management solutions
• FAS Asset Accounting^TM, FAS Asset Inventory^TM, and FAS Report Writer^TM
• After project completion, instantly create new fixed assets in FAS Asset Accounting— including multiple assets from a single line item
• Point-in-time reporting helps to easily tie out project balances to your general ledger
• Easily import monthly invoicing transactions from your Accounts Payable system to keep your project up-to-date
• Create unlimited custom reports on every aspect of your project—including project status, asset financials, and invoice details—with optional FAS Report Writer

To learn more, view the full FAS Construction in Progress Accounting Feature Sheet (PDF File)

Request for a free demo

To request more information or to speak with a Workforce Representative, call 604.395.6322, or send an email.