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Pricing and margins are managed using multiple overhead recovery system. Using mark up to recover overhead and using margins to generate the final price. Aspire provides the flexibility at the branch, division, service, customer levels. This provides complete granularity and reporting to assess profitability.
In Aspire, there is a chart of accounts. Aspire manages and tracks earned revenue, invoiced revenue and work in progress in real time. All of the information integrates directly with your accounting system.
Aspire integrates with multiple accounting systems where your general ledger is managed. Aspire is your cost accounting system that maps to your general ledger for revenue, cost of goods, and gross profit.
Aspire has a native integration with QuickBooks and Accumatica, but with our open API there is potential to build a bridge to connect to other options.
Aspire is your job costing system for maintenance, enhancement, construction, snow, and T&M work. Aspire manages all your job costs in real time.
Aspire has an inventory module linked to the purchasing module. There is a catalogue cost to estimating using actual cost for job costing. Aspire also maintains inventory transaction history as well as an average cost function for inventory valuation.
Aspire uses templates to establish contract pricing. There is no limit to the number of templates and therefore the kind and type of pricing is based on branch, customer, etc.
Aspire supports separate branch accounting as well as separate company accounting files.
There are 4 primary connections between Aspire and the accounting system
Deposits based on customer payments
Payroll based on aspire payroll reporting
Approved purchase order payments
Revenue, cost of good, and gross margin information at the branch and division levels
Aspire has a rolling budget management tool. Aspire clients typically build their budgets in their accounting system or in spreadsheets and import those into the rolling budget. From there, the budget information goes into Aspires overhead recovery markups and profit margins.
All job related expenses are managed in Aspire. All other expenses for below the gross profit line are managed in your accounting system. This eliminates any duplication of data and unnecessary migration of information between the systems.