Pegasus CIS Construction Software Updates and latest release features

Pegasus CIS (3.00.20)

Our latest release of Pegasus CIS (3.00.20) ensures that the software is compliant with the new Relevant Contracts Tax (RCT) which was introduced by the Irish Revenue on 1 January 2012. The operation of Relevant Contracts Tax (RCT) in Ireland changed to an online system, affecting how payments to subcontractors are handled. 

• A new standard RCT rate of 20% has been introduced with most subcontractors currently on 35% moving to this new rate
• When a principle contractor enters into a relevant contract with a subcontractor they will be obliged to provide the Irish Revenue with details of the subcontractor and the contract. This information must be notified on-line.
• Prior to making a payment to a subcontractor it is necessary to notify the Irish Revenue of that payment, who will then provide a Deduction Authorisation.  This information must be provided online.

Pegasus CIS (3.00)

Pegasus CIS (3.00) includes major enhancements to Sales, Purchasing, Stock, Labour, Bill of Requirements and Subcontractors:

SALES

• Implement Price Book
• Multi Currency
• VAT Split on Contract Sales Applications and Certificates
• Part release of Deferred VAT

PURCHASING

• Update Purchases menu to only use one Purchase Invoice Register
• Implement Supplier Addresses
• Implement External Plant Hire
• Implement Procurement Control

STOCK

• Implement Site Requisitions
• Implement Internal Stock Issues and Internal Stock Receipts
• Implement Stock Returns to Supplier and Stock Receipts from Supplier
• Implement Stock Transfers and Stock Returns
• Implement Stock Warehouses
• Implement multiple Alternate Stock Codes with ability to select them while issuing stock to Jobs or internally issuing stock
• Update Stock Issues, Stock Internal Issues, Stock Supplier Returns, Stock Transfers, Stock Adjustments, Stock Opening Balances to reserve stock and therefore stopping quantities going negative
• Update Stock Adjustments routine to post a Nominal Journal between the Stock Nominal Account and a new Stock Adjustment Nominal Account
• Update Stock Take routine to post a Nominal Journal between the Stock Nominal Account and a new Stock Take Nominal Account
• Implement Stock Revaluations

BILL OF REQUIREMENTS

• Added Requisition Order for linking to Bill of Requirements

SUBCONTRACTORS

• VAT Split on Subcontractor Applications

Download the Pegasus CIS (3.00) Guide to Enhancements

Pegasus CIS (2.04.70) 

This is a maintenance release, with Windows 2008 Server, Windows 2008 Server Terminal and Vista Service Pack 1 compatibility.  The Online Filing Manager (2.70.00) is also contained within this release.

Pegasus CIS (2.04)

This is a major release, which contains a significant number of new features and enhancements, including:

• Support for Irish RCT & VAT legislation for contractors and subcontractors
• Improved reporting as it now integrates with Pegasus XRL
• Stock valuations at weighted average cost
• Multiple suppliers per stock code
• Multi-currency in purchasing
• Job phases feature
• Flexible cash receipt allocations

Pegasus CIS (2.04) now has the best reporting capabilities of any Construction product on the market with the integration of Pegasus XRL (1.30), via a new Master Serduct for Pegasus CIS (all variants).  It will allow users to access directly the live data stored within Pegasus CIS.  Any data stored in Pegasus CIS can be dynamically interrogated in Excel.  Users will be able to analyse and report on all aspects of their Contracts, Jobs, Sales, Labour and Stock for greater control of expenditure and profitability of contracts.

Download Pegasus CIS 2.04 Guide to Enhancements (PDF)