Contract costing and commercial control, built for Sage 50
Eque2 Construct sits on top of Sage 50. Your nominal ledger, VAT, banking and payroll stay exactly where they are. Contract costing, procurement, client billing and subcontractors run from the same set of numbers, so commercial stops keeping a spreadsheet for finance to reconcile.
Sage 50
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Eque2 Construct
You are not replacing your accounts system
Here is what stays in Sage 50 Accounts vs what Eque2 Construct adds.
- Sage 50 Accounts. Nominal ledger, sales ledger, purchase ledger, banking, VAT and financial statements.
- Sage 50 Payroll. Payroll, pensions, employee payments, RTI compliance, and holidays and absence.
- Job costing. Budget tracking on cost and value, cost against budget analysis, a hierarchical cost code structure and variation management.
- Procurement. Supplier and material orders, external plant hire, goods received notes with three-way matching, stock orders, product lists and pricing.
- Client billing. Sales applications, sales certificates, sales invoicing, self-billing, retention management and aged debtor reporting.
- Subcontractor management. CIS verification and submission, insurance management, ordering, applications and certificates with pay less notices, retention management and worksheets.
- Direct labour. Employee timesheets and employee pay rates.
- Project reporting. Onscreen drill-down analysis, plus company and project dashboards across commercial, finance, work in progress, retentions and procurement.
What we do not touch
The jobs Sage 50 cannot do on its own
Construct + Sage 50 allows contractors to:
Live view of Costs & Revenue on every job
Creating one connected flow, from purchase order through to sales invoice - you can manage all your outgoings and income through Eque2 Construct and understand how costs and revenue are built up against all live contracts.
Decisions made faster to protect margins
Job management reporting brings contract value, committed costs, actual costs, into a single live view, enables commercial and finance teams to track contract performance in real time. Analyse cost versus value – understanding how your cost-to-complete is building to identify overruns earlier and protect profitability before issues impact the final account.
3-way match orders, deliveries and invoices
Automatically track Purchase Orders raised with deliveries that turn up on site, with the invoices you receive. Automatically be alerted when orders being raised will exceed budget and when invoices are being raised for items that never arrived or were damaged.
Avoid costly plant hire overcharges
Raise plant orders with start and end hire dates, and capture charge rates to track daily hire costs. Easily compare invoices against actual hire periods to catch overcharges. Monitor plant locations by job, supplier, and project manager in real time.
Accurate tracking of employee labour costs
Record timesheet and labour costs against live projects, with pay rates linked directly to project reporting and payroll processes. This delivers greater confidence in labour costing, reduces administration, and provides a clearer view of workforce expenditure across every contract.
Integrated management of client billing
Automatic deductions for retentions and discounts. Track retention due dates and outstanding applications. With enhanced visibility and automation, your team can reduce errors, speed up approvals, and optimise cash flow, giving your business full control over your processes.
Speak to our team and we will show you the join between the two systems on the kind of contracts you run. If you are not ready to talk yet, watch a demo first.
FAQS
No. Construct integrates with Sage 50 Accounts, so you do not have to change accounts systems or key information between them by hand.
Construct integrates with Sage Business Cloud, Sage 50 Accounts, Sage 200 Standard, Sage Intacct and Sage Payroll. Whichever accounts package you run now, or decide to move to, the data in Construct still holds as the business grows.
No. Construct includes an AI invoice processing tool, which removes the need to key invoices line by line. It suits businesses processing over 200 invoices a month, cutting errors and improving productivity.
Answer needed from Eque2. The brief left the fourth question open, and implementation timings are not something we can write without you.