The Contract Sales Ledger seamlessly links to the accounts Sales Ledger to access trading terms and to post sales invoices. Contract Sales maintains details of the current Applications (through variation, application and certified values) as well as history of all previous Applications. Transactions can be posted in different currencies. Each Payment Application controls current and cumulative Revenue Values, Retention and Main Contractor Discount. Applications can be classed as Interim, Final and Agreed Final Measure (AFM). Payments Received Cash received can be entered in batches and allocated to one or more Applications. For Applications, VAT can be taken into account at time of payment. |
For standard invoicing, VAT is recorded at the date of invoice. Pegasus CIS can also be configured to automatically handle the withholding of tax from your customers as part of the payment receipt process. The retained tax is then posted to the relevant account in the Nominal Ledger.
Aged Debt
A complete audit trail of each Application and Payment is maintained, providing detailed aged debt analysis and reporting against jobs. Knowing when payments are due is critical to the successful management of cashflow within an organisation, whether these are from certificates, invoices or retentions that become overdue.
Key Features:
Aged Debt
A complete audit trail of each Application and Payment is maintained, providing detailed aged debt analysis and reporting against jobs. Knowing when payments are due is critical to the successful management of cashflow within an organisation, whether these are from certificates, invoices or retentions that become overdue.
Key Features:
- Integration with Opera 3, Sage 50 and Sage 200 Sales and Nominal Ledgers
- Payment Application Values can be built up from a Valuation and Measurement routine
- Procurement Control
- Payment Application Input (Applied, Certified, Paid entries all on 1 screen, simple and intuitive)
- Access to all previous Payment Applications
- VAT Management (Deferred VAT when Certifying a Payment Applications when cash has not been received)
- Retention handled on Payment Applications, Invoices and Cash Receipts
- Retention Reporting and Retention Invoice Generation (from Payment Applications and Invoices)