Bespoke construction software includes features that facilitate compliance management by automating regulatory reporting, tracking certifications, and monitoring compliance deadlines. Sage was the standard accounting software for general contractors for a long time, but it’s lost popularity as other platforms have become available. It’s a more affordable option than some others, but that also comes at the cost of some of the deeper, more insightful analytics and data you may need. These are must-haves in construction accounting software, and I would be hesitant to include any software on this list that didn’t include these. Acumatica Construction Edition is a scalable option for both small contractors and larger construction companies.

Construction ERP Financial Management Software

You can add on a few features, like payroll, inventory management, and mobile access, but they all cost an additional fee or require you to upgrade to a pricier plan. Procore is one of the biggest names when it comes to construction-specific accounting and project management tools. It can handle enormous amounts of data and large file sizes, but can still work for small contractors that are just starting out.

Best Construction Accounting Software (

Standout features include mobile tools that allow you to proactively manage jobs, inventory, finances, and people from any location. Real-time job costing data, which is specialized for construction, allows you to track labor, material, subcontractor, and equipment costs, enabling more proactive business decisions. Plus its financial reporting features help with managing costs and cash flow. With so many different construction accounting solutions available, figuring out which is right for you is tough. You know you want to allow for accurate tracking, analysis, and reporting of financial transactions related to construction activities, but you need to figure out which tool is best.

Accounting software helps contractors spot cash problems

Our third Sage offering on the list, Sage Intacct Construction, is its enterprise-grade solution tailored to the construction industry. Offering what is a setup charge everything that Sage 100 and Sage 300 do plus cloud hosting, AI-powered accounting and analytics and a whole lot more, it’s no wonder why it’s the only AICPA-recommended solution in the space. Construction accounting places a lot of focus on accurate job estimating and costing.

Which method of accounting is best for a construction company?

To obtain that, it helps in basic financial processes such as invoicing, payments & banking, job costing, or payroll. One of the key advantages of construction ERP is its ability to integrate various business functions into a single platform. Beyond financial management, ERP solutions encompass modules for project management, procurement, human resources, supply chain management, and more.

1. The sales team will conduct interviews with your business to work with you to ascertain your needs, therefore finding the best-fit solution for you.
2. Not every organization needs multi-company and inter-company features, but nearly every contractor needs a more effective way to price jobs, track expenses and measure profitability over time.
3. Features that make it stand out include daily logs, project scheduling, and job costing, allowing for seamless integration between the field and back office for reliable decision-making.
4. QuickBooks can be used as construction accounting software given the availability of invoicing, job costing, and reporting features.
5. It often feels so much easier to drop a bag full of receipts on a CPA’s desk at the end of a job and pay them to sort it out.
6. From tracking budgets to eliminating financial siloes, ProCore can connect all areas of your business within one comprehensive EPR solution.

It’s a well-known tool that does the job well, provided you have the budget to pay for their service. QuickBooks Desktop Enterprise is a good compromise between hefty software plans like Jonas Premier and generic cloud-based accounting software like FreshBooks or Xero. The second price range I considered are intended for large construction companies and general contractors. Most typically start at $200 per user per month, potentially even extending into the four-figure per month range. Of course, for this higher price, I expect a much broader range of features.

The obvious one is that they offer functionality that’s specific to the construction industry. That includes things like job costing, change order tracking, and progress billing. Free construction accounting software is available, though it is usually only offered as part of a trial or demo. Truly free options may be limited to small businesses with limited users and functionality. Alternatively, construction businesses that use the wrong construction accounting software may struggle with integration issues or waste time on repetitive data entry tasks.

This software is best for contractors who have multiple projects happening simultaneously. Deltek ComputerEase understands that not every project works the same way. This is why it has flexible billion options, such as American Institute of Architects, time and materials and freeform billing. The software makes invoice routing easy and conveniently reconciles things with the GL when paid. Sage 300 is as comprehensive as it gets with prebuild reports; there are more than 1,400 to choose from. This means you can get any detailed report that you can think of with just a couple of clicks, helping you manage all the project costs.