Pegasus CIS 4.01 Latest Enhancements
Pegasus CIS provides companies operating in the construction industry an unparalleled level of control over every aspect of contract management so that they have all the information they need to make their projects run profitably. This latest release from Pegasus takes this further by providing additional features that make running contracts profitably more attainable.
Pegasus CIS (4.01) sees the addition of a number of new enhancements. Existing users now have more functionality to improve the way they control and analyse their contracts. For new customers, the new features make Pegasus CIS a more compelling solution to implement because they’re based on user experience and bring real-world improvements to the Pegasus CIS proposition.
Amending Monthly Returns Data Analysis XRL Integration Date Validation: Plant Hire: Improved Usability
This is a particularly important enhancement because Subcontractor monthly returns need to be amended electronically, and Pegasus CIS now provides this functionality.
Pegasus XRL allows Micrsoft Excel to access live data in Opera 3 at the click of a mouse, so you don't have to copy and paste, re-key or work out formulas.
For more information click here
Pegasus CIS 4.01 enhancements also include:
The Subcontractor Partial Payments routine has been updated to allow gross labour and material values to be entered instead of a net value which is split pro-rata over the labour, material, discount and retention figures. This allows greater control over the labour and material split, and therefore the CIS tax payable.
Transaction date validation routines have been added, with options to validate against previous and future financial years, closed and future financial periods and prior and future dates. This is designed to help ensure that transactions are posted into the correct accounting period.
The External Plant Hire routines "Mark Plant as Off Hire" and "Resume On Hire Status" have been updated so that when the Time on Job is being calculated and an invoice has already been raised against the item, the system will allow a different number of items to be entered than is actually on hire. This resolves a potential rounding error by allowing the user to specify both the Number of Items and the Time on Job.
Specify VAT value and VAT value after discount when settlement discount has been applied.
A variety of additional fields have been added to subcontracter screens for more detailed data.
Online Verifications can now be submitted even if the Subcontractor does not have a URN, CRN or NINO.
Stock lookups now allow for searching on the Preferred Supplier Reference field.
Please see above enhancements documents for more details
Amending Monthly ReturnsCIS Subcontractor Monthly Returns now allows previous returns to be amended and re-submitted as per the HMRC April 2016 guidelines. A full history of all submissions is also maintained for auditability. The following changes and enhancements have been made:
Data AnalysisThe following enhancements have been made for improved data analysis:
Improved UsabilityThere’s a whole range of enhancements in Pegasus CIS (4.01) designed to improve functionality and processing, and new fields have been added to a number of forms to record useful additional information. Here are a few of those improvements: