C-MACC : Contracting Management Accounting and Cost Control
C-MACC system consists of a group of integrated modules most of which are designed specifically to meet the local contracting requirements while maintaining international standards of coding and reporting needs.
The system has a very powerful central accounting module which maintains all the detailed actual costs of the projects by cost code known as cost center based on international or local standards. Project budgets both initial and revised are also maintained at cost center level.
C-MACC can be linked with widely used packages such as Timberline or Excel for initial project estimating, or The Primavera or Microsoft Project to provide the system with total project financial budget and the percentage completion or cost to complete throughout the project life. C-MACC uses those figures to compute the earned value based on actual performance or budget giving 2 variations in analyzing the project performance.
Input of actual costs to the C-MACC comes from :
- Payroll. Total labour cost is allocated by project and cost center using various techniques, in order to obtain the total manpower costs over the various cost codes worked on.
- Material module. Goods can be either charged immediately upon receipt, or when they are actually issued for use.
- Equipment includes rental or depreciation of own equipment plus running and maintenance cost. Each project can be charged by actual usage of equipment.
- Subcontract project items such as electrical, plumbing, or any sub contract labour. Such items go through the procurement and have purchase orders opened for them to control their payments and to know all outstanding commitments.
- Allocation share of site and company overheads.
Computec has developed several modules tailored to answer the specific needs of a contracting environment. They include :
- General and Cost Accounting.
- Budget and Financial Reporting.
- Interfacing from Timberline/Primavera/Microsoft Project.
- Labour Attendance.
- Labour Cost and Allocation.
- Procurement, Purchase Orders and Costing of Landed Goods.
- Materials Management (Head Office System).
- Materials Management (Project Field System).
- Local Purchasing System.
- Accounts Payable and Cheque Printing and Management.
- Fixed Assets Management.
- Cash Flow Analysis.
- Earned Value Analysis.