Finclock Project reporting software for construction is an advanced and feature-rich tool that has been designed to help contractors and subcontractors organize, track, and report costs, expenses, and time. With the software you can keep track of project costs at all times, know where you stand in terms of budget, and come up with better invoices for your clients.
- Task reporting: shows you all the tasks performed on a specific site
- Cost reporting: allows you to create invoices by adding labor hours, material purchases and other project related costs
- Expense Reporting: helps you to accumulate all your expenses under different categories
- Time reporting: helps you to track the time spent on specific activities or jobs
The software also allows you to generate charts and graphs which can be illustrated on invoices. The charts allow customers to see how services were carried out during the entire duration of a project. Apart from that, the system provides a means of monitoring projects in real time so that you can stay updated on your progress. The information can be accessed from any mobile device including laptops or desktops.
The accuracy of the data depends on their reliability which is why automatic reports are sent out every day as well as weekly or monthly depending on your preferences.</
The project management process is a very important part of the construction industry and can be defined as a system that helps the organization to monitor and control the progress of the works. It’s purpose is to ensure that all project stakeholders know what is going on and are regularly informed of changes regarding the status of the project. The main objective is to deliver a completed project on time and within budget.
The work plan is an element in the project management process, which is made up of various components, including cost, time, risk and quality management. This tool acts as a platform for communicating with all stakeholders about progress in the same way. It will also provide them with real-time information regarding each milestone of their respective tasks.
The report generated by this software will show an overview of each task and its progress, helping you manage it effectively and efficiently until completion. By using this tool, you will be able to predict possible delays or overruns before they occur, thus avoiding added expenses. You can also use this tool to monitor your staff’s performance at all times so that they give their best to avoid unnecessary delays or costs.
Tasks, Expenses and Time which is used to keep up with all the information on a project. The tasks module keeps track of all the tasks that must be completed to complete the project. Each task can be given due dates, durations and % complete. Every week you can also add in how much time you spent on each task as well as any expenses or costs associated with it.
This data is then shown in the graph at the top of the screen so you can see how long the project will take and how much it will cost. The Expenses module allows you to keep track of all your expenses on the project including labor, materials, subcontractors or anything else related to your project. You can also add in any amount of detail about each expense such as what it was for, who it was for, part numbers, taxes or anything else you need to remember about that expense. This data can be downloaded into a spreadsheet so you can do further analysis on it if needed.
As we have seen, the construction industry is currently afflicted by problems that are likely to be compounded by increasingly onerous legislative requirements. The focus of the industry is increasingly on reporting in order to comply with these requirements, at the expense of traditional aspects of management.
The widespread use of computer software in management processes is a positive development that offers opportunities to improve efficiency and effectiveness within the industry. In particular, there has been a move towards standardisation and automation. This paper examines the potential for using project reporting software as an extension of ERP systems, aimed at improving availability and quality of information for managers.
Discussion focuses on two key reporting areas: task reporting (progress and cost) and expense reporting (expenditure). We evaluate how the output from the systems can be used in line management processes, particularly for those groups responsible for cost control. The report concludes with recommendations for further research into this area.