https://www.xperience-group.com/solutions/erp/contracts365-erp-construction-software/subcontractor-management/
The Sub-Contractor Ledger provides comprehensive management of the entire sub-contractor supply chain, from onboarding new sub-contractors to ensuring compliance with the HMRC Construction Industry Scheme (CIS), and overseeing ongoing work performed by sub-contractors.
The Sub-Contractor Card stores all relevant information about each sub-contractor and facilitates HMRC online verification. Approval workflows can be set up to ensure sub-contractors are fully onboarded and compliant before any work is assigned.
Insurance and qualification details are easily managed within the system, with options to issue warnings or block orders, invoices, and payments if insurance coverage has expired, ensuring continuous compliance and risk management.
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Certificate processing allows you to create detailed sub-contractor orders that you can then process through a valuation, application and certificate process. These can be at either a Summary or Detailed level. MCD and Retentions can be set and managed on each order through to completion.
Approval workflows can be set up on each transaction if required.
Where cumulative orders are not requires, standard orders can be raised that can the be taken through a receipting and invoice process.
Posted Certificates and Invoices are captured for payment on the due date through the Suggested Payment Routine.
The routine generates the payments to be made and calculates the required CIS deductions. The posting of the routine creates the payment and CIS postings along with BACS transmissions.
The CIS300 Monthly Return collates all sub-contractor payments and CIS deductions in the tax month and collates in an easy to view screen.
Completing the only line declaration allows for the CIS300 report to be submitted electronically to HMRC. Sub-Contractor Statements can be printed or emailed detailing the payments and deductions by transaction for each sub-contractor.
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