Subcontractor management ensures consistency in how firms manage their subcontractors. This new feature enhances the existing “Contract management” experience allowing Project Accountants and Project Managers to distribute contract buckets across multiple subcontractors/vendors.
In addition, there is a new process and form available to calculate subcontractor accruals based on “% progress” entered from “Fee management”. On this new form users can review the accrual proposal and post them as expenses. Those accrued expenses can be reversed at a later stage.
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