Friday 28 March 2014

Understand your business finances better – with Construction Industry Accounts (CIA Lite)

Ever despair that your profits never actually turn out to be as good as they looked on your estimates? Would you like to keep more of a handle on your finances? 

CIA Lite differs from other accounting software packages because it has been developed specifically for the UK building industry and its specific requirements, for example Job Costing, the Construction Industry Scheme (CIS), certifications, retentions and VAT. It makes sitting down and doing your accounts so much easier.

To request a demo or simply to talk over the software call the team on 0845 1234 065.


Cost control 


Cost control is a vital part of business management that allows you to protect your profit margins, lower your costs and improve your overall productivity. 

CIA Lite is compatible with HBXL’s estimating software, EstimatorXpress and makes cost control much easier, by allowing you to export estimates created in the estimating software and compare them with your actual costs in the accounting software.


Saves you time 


All your relevant accounting requirements are kept in one place, and therefore the software proves much easier than other accounting software that often needs extra modules to deal with the specificities of the building industry. Less spreadsheets can only be a good thing!

The software is fully integrated, meaning that information only needs to be entered once – the software will automatically recognise what is being entered, and will update other relevant sections automatically. It is also fully integrated with the HM Revenue & Customs (HMRC) website and can link up to your bank account. This not only saves you time, but it makes for more comprehensive and accurate accounts, where everything can be dealt with in one place.


Helps you to organise and manage your business properly 



Job costing is probably the most important feature of CIA Lite. As invoices and payroll information is automatically assigned to relevant jobs, it improves your financial management and helps you to reduce mistakes.

Each job can be broken down into detailed sections, as you require and job costing reports, summaries and breakdowns can be prepared too. 

The software allows you to manage and pay purchase invoices and subcontractors and lets you raise invoices so you can keep on top of getting paid!


Fulfil your CIS requirements with CIA Lite


Anyone who uses subcontractors for construction work needs to register as a CIS contractor with HMRC. The CIS regulates payments from contractors to subcontractors in the building industry – deducting tax at source from payments made to subcontractors. Under the scheme, you must send a CIS return each month to HMRC (whether or not a subcontractor was used), and there is a penalty for late filing.

CIA Lite is fully compliant with CIS requirements and allows you to submit monthly CIS reports straight to the HMRC website, rather than having to complete a separate form online or on paper. It can also:
  • Verify your subcontractors
  • Calculate your subcontractor tax deductions
  • Produce monthly subcontractor statements
Make sure that you’re prepared for the Real Time Information regime with CIA Lite’s optional extra PAYE module

PAYE Lite (for up to ten employees), worth £350+VAT will be included FREE with every copy of CIA Lite sold, until 30/04/2014 only!  

It is important to make sure you understand your RTI obligations ahead of your starting date in order to avoid any unnecessary penalties. 

PAYE Lite is user-friendly software that works with CIA Accounts to take care of all your payroll needs, including the fulfilment your new Real Time Information (RTI) obligations. It is HMRC accredited and allows you to send information straight to the HMRC website.  

Real Time Information (RTI) has been in place for some, since April 2013 and means that employers must report PAYE information in real-time, rather than at the end of the tax year. 

From April 2014 employers with fewer than 50 employs must also comply. Those with nine or fewer employees have been given until April 2016 to prepare. 

Records must include all employees - no matter how much or how frequently they are paid – so even those earning below the NICs Lower Earnings Limit for 2014/15 (under £111 per week) or those who are only paid once a year will need to be included. Unlike other payroll packages, PAYE Lite also has job costing included and allows you to accurately account for holiday, absence, employers’ national insurance and other indirect costs that would ordinarily be treated as overheads. PAYE Lite also allows you to:

  • Link to nominals
  • Calculate all deductions 
  • Pay employees weekly, fortnightly, four-weekly or monthly
  • Include loan repayments 
And….

The new Employment Allowance is a Government tax cut that comes into force at the beginning of the 2014/15 tax year. It means that you can claim back up to £2,000 worth of Class 1 national insurance contributions (NICs), through your payroll software.

Our PAYE Lite software package means you can confirm your eligibility and it will guide you through the process of making a claim - so there’s no need to go through the hassle of contacting HM Revenue & Customs!

Want a closer look? To see CIA Lite in action, why not book a one-to-one demo?

If you would like to see CIA Lite in action so you can see for yourself how it could help you to manage your finances, you can book an online demonstration.The demo is a great opportunity to see how the software works, explore its benefits first hand and ask our experienced consultants any questions you have. We will give you a live demonstration of the software on your own computer, whilst talking you through the details on the telephone. We use remote technology and the internet to connect our computer screen to yours so you can see everything in real time, from your own home or office.

Book a demo here 

Or you can watch our video demonstration here 

CIA Lite costs £1950+VAT and includes a free training package - six hours of online training to help you get to grips with the software. 

We’re also offering the PAYE Lite module (for up to ten employees), worth £350+VAT FREE for a limited time only – offer ends 30/04/2014.

If you are interested in the benefits that EstimatorXpress and CIA Lite can offer together, we’re also offering our Estimating & Accounts Kit at a discounted price - £2,649+VAT (SAVING YOU £549)

This ‘kit’ includes:

  • EstimatorXpress Total Toolkit (worth £898+VAT) 
  • CIA Lite (worth £1950+VAT)
  • Includes Support & Updates package - free for a year 
  • Free PAYE Lite module – for up to ten employees worth £350+VAT (Limited offer – ends 30/04/2014)
  • Free training on CIA Lite (6 hours of online training)
To buy, request a demo or simply to talk it all through call the team on 0845 1234 065.