ControlQore

ControlQore: The Ultimate Solution for Contractors & Project-Based Accounting ControlQore is a powerful, all-in-one financial management platform designed specifically for contractors and businesses handling project-based accounting. By streamlining cost tracking, budget management, and invoicing, ControlQore empowers users to maximize efficiency, improve cash flow, and enhance profitability across multiple projects. Why ControlQore Matters for Contractors ControlQore bridges the gap between accounting software and project management tools, ensuring contractors have accurate, up-to-date financial data to make informed decisions. With its intuitive workflows, businesses can reduce manual data entry, eliminate financial blind spots, and gain total control over their project finances. By automating complex financial tasks, ControlQore helps contractors avoid cost overruns, streamline billing, and optimize profitability—making it an essential tool for any project-based business looking to scale efficiently. Key Features: Expense Management: Corporate Card Integration: Empower teams to spend and report on corporate card transactions in real-time while maintaining control over finances. ​ Transaction Coding & Receipt Management: Simplify expense reporting with intuitive transaction coding and receipt management, ensuring accurate financial records. ​ Lien Waiver Management: Centralized Document Storage: Access and store all lien waivers in a consistent location, improving oversight and accountability. ​ Real-Time Updates: Ensure that all lien waivers are processed promptly and accurately with real-time updates and approvals, facilitating faster payments. ​ Bill Management: Seamless Workflow: Effortlessly import bills via email or manual upload, centralizing the billing process in one platform. ​ Efficient Approval Process: Accelerate bill reviews with intuitive tagging and carousel approval systems, allowing quick task management. ​ General Ledger: Construction-Specific Accounting: Replace traditional accounting software with a system built for construction companies, eliminating complicated integrations and consolidating financial control under one platform. ​ ControlQore: Key Features & Workflow Breakdown from Recent Product Updates. Based on the latest ControlQore Web Application release notes (v2.0.0, v2.1, v2.2), here are the newly introduced features: Key Features & Enhancements 1. Advanced Accounting & Financial Automation Automatic Journal Entries: Automates journal entry creation for bills, invoices, vendor credits, and payments. Reduces manual effort, improves efficiency, and ensures compliance. Chart of Accounts Enhancements: Export transactions in PDF/CSV format for improved data sharing and reporting. Consolidated parent-child GL account views for better data aggregation. Revenue & Cost Type GL Mapping: Improved cost tracking by linking revenue and cost types to specific GL accounts. Streamlined reconciliation and detailed financial reporting. 2. Banking & Payment Processing Bank Reconciliation & Transaction Matching (New in v2.2) Matches bank transactions with recorded transactions in ControlQore for real-time accuracy. Supports "Best Match" (automatic) and "All Transactions" (manual selection) for greater flexibility. "Mark as Transfer" functionality for seamless internal transfers. Direct Payments & Vendor Payments Automation: Supports ACH, check, and CQ Debit transactions with auto-generated journal entries. Introduces vendor bank account verification and delay settings for fraud prevention. CQ Debit & Debit Card Integration (New in v2.0) Real-time tracking of transactions and account balances. 3. Accounts Receivable & Payable Enhancements Invoice & Customer Payment Automation: Automated journal entries for customer payments and credit memos. Ability to apply overpayments to unearned revenue. Vendor Credit Refunds & Customer Credit Refunds (New in v2.2): Automatically create refunds when matching bank transactions to vendor/customer credits. Streamlined reconciliation of refunds for accurate financial reporting. Enhanced Bill Management & Lien Waivers: Added batch processing for bill payments and enhanced tracking of approved bills. Drag-and-drop lien waiver fields for customization and compliance automation. 4. Reporting & Data Extraction Improvements Accounting Reports (New in v2.1) Balance Sheet & Profit & Loss Reports: Export in PDF/CSV format, with detailed breakdowns of financial statements. New compare feature for financial period analysis. Ledger Extraction (New in v2.2) Extract financial data from vendor payments, direct payments, and bank transfers. Enhanced Document Management: PDF Split Functionality: Extract specific pages or split PDFs into separate documents. Improved Email Uploads: Convert email body text to PDF for better recordkeeping.

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