New Subcontractors solution for Construction businesses

15 March 2007

Pegasus Software, the leading supplier of accounting and business solutions to UK SMEs, today announced the release of a new Subcontractors solution to complement the already successful Pegasus CIS Enterprise version.

Pegasus CIS Subcontractors focuses on controlling all aspects of subcontractor administration, enabling any company that operates under the HM Revenue & Customs Construction Industry Scheme to efficiently manage payments, tax and retention while covering all of the legislative requirements.

Pegasus CIS Subcontractors edition is an ideal solution for contractors who use subcontract labour on their jobs and need to efficiently handle HM Revenue & Customs (HMRC) legislation but do not require a fully featured contract costing system. Pegasus CIS Subcontractors controls all aspects of subcontractor administration from subcontractor verification, invoice / timesheet / application entry and payment, through to generation of the figures required on monthly returns to HMRC & submission of these via the online services.

Using Pegasus CIS Subcontractors not only offers control over payments and handles the tax requirements of the Construction Industry Scheme, but also calculates and submits these on the monthly returns to HMRC, ensuring returns are accurate and made on time. The time saving, accuracy and online submissions are key to any company that operates under the HMRC Construction Industry Scheme.

The new Pegasus CIS Subcontractors edition not only manages all aspects of using subcontractors, but also integrates into the Contract Costing system to provide powerful and comprehensive reporting of these subcontractor costs against jobs and customers.

Pegasus CIS Subcontractors fully integrates with Opera II, Sage Line 50 and Sage MMS and links with the Nominal Ledger, Cashbook and Customers.

Pegasus Construction Industry Solutions (CIS) is a portfolio of solutions specifically designed for the construction and allied industries; providing complete control over all aspects of contracts management, from costing and timesheets through to payment applications, VAT invoicing and cash receipt matching. Fully integrated to the Sales, Purchase and Nominal Ledgers, Cashbook and Payroll, Pegasus CIS conforms to the requirements and regulations of HMRC's Construction Industry Scheme - both now and when legislation changes in April 2007.

Pegasus CIS recognises the complex business requirements of the construction sector, offering an unparalleled level of management control over contracts and subcontractors.

For further information on Pegasus CIS Subcontractors Edition, click here.

Save £500 on Pegasus CIS Subcontractors Solution.

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