Best Construction Accounting Software for Contractors 2025

Acumatica Cloud ERP provides an all-in-one solution for construction accounting and other industry-specific functions. RedTeam provides you with accurate and up-to-date information on your projects. That means you’re How to Use Construction Bookkeeping Practices to Achieve Business Growth making business decisions based on the best available data. For a company with a lot of employees and subcontractors to keep track of, I recommend Foundation for its extensive payroll and timekeeping features. For your winning bids, you can document and share project information and job site activity and progress updates with owners, subcontractors, and your team. Most construction companies have crews working on the field, so it is important to have a mobile app that allows them to record their activity anywhere from their smartphone.

• Foundation strives to serve construction companies of all sizes, ranging from small businesses to large enterprises.
• However, QuickBooks Desktop is installed and run locally from desktop computers instead of operating from the cloud.
• This makes QuickBooks Online ideal for contractors who manage their own books.
• This cloud-based solution has a base of user interface (UI) customizations, custom workflows, search tools and collaboration features.

Procore

Here are seven accounting software options we consider to be some of the best on the market, with likes and dislikes about each platform highlighted. It also has additional capabilities for tracking equipment and fixed asset depreciation and for storing digital documents. This robust feature set — as well as training on how to use it — makes Foundation a good fit for a wide range of construction companies. The construction-specific integrations you need will vary on your line of work. However, some popular ones I like to see include Autodesk, Bluebeam, PlanGrid, Lendflow, and at least one time-tracking software like ClockShark or TimeClock Plus. Of course, I have only included construction-specific software on this list.

• You can avoid a fair bit of cash flow problems by negotiating more favorable retainage rates/terms with project owners.
• Traditional accounting methods often involve manual processes, leading to inefficiencies and errors.
• Unless I’m missing something, the app lacks one of the most basic needs of a business owner–basic financial reports.
• If you’re searching for a powerful yet easy-to-use construction accounting software program, look no further than FreshBooks.
• Access QuickBooks from any smart device and integrate with other third-party applications.

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Since 2000, Invensis has been catering to the diverse outsourcing needs of clients for multiple industries and constantly striving to add value to clients’ businesses. Most construction accounting software on the market is intended to supplement, rather than replace, your existing accounting software. So first and foremost, it’s important to make sure that the option you choose will work with the accounting and finance tools you’re already using. Standout features include its focus on project bidding and proposal data, which gives you the ability to create, compare, send, and store bids in a central place. Larger construction companies can submit hundreds of bids per year, and CoConstruct can bring a lot of efficiencies to the process. Our Construction Technology Trends report found that job costing was the second most desired feature in construction software, with 72% of buyers saying it must be included in their ideal solution.

Sage 100 Contractor: Best for microbusinesses

You can also manage your entire invoicing process within Knowify, from creating and submitting purchase orders and change requests, to customizing and sending invoices. It also gives you the option to add an electronic payment link to invoices so you can (hopefully) get paid faster. Here’s my assessment of each piece of software that I chose for this list—plus what I think each one does best and what sort of construction company it’s best suited for. I checked whether the provider offers essential customer support options, like https://www.merchantcircle.com/blogs/raheemhanan-deltona-fl/2024/12/How-Construction-Bookkeeping-Services-Can-Streamline-Your-Projects/2874359 phone, live chat, email support, and self-help guides, such as blogs, videos, and user communities. We evaluated our best contractor accounting software across seven major criteria, as discussed below. If you need to use the mobile app, then you’ll have to pay $50 per user, per month.

Construction Accounting Software

Their books revolve around service-based projects as opposed to the sale of particular items. For more information about our star ratings process, see how we rate small-business accounting software in general. Acumatica Cloud ERP provides construction industry accounting software tailored to modern industry needs. The cloud-based end-to-end construction management software offers real-time data access and powerful automation tools. Key features include project costing, CRM, inventory, and payroll, all within an integrated platform designed for construction firms. The best construction accounting software have essential bookkeeping features, like A/R and A/P management.

• CMiC provides innovative software and products to help construction professionals manage their business.
• Along with its thorough accounting and project management features, it offers a host of HR services—including payroll.
• If you are on a budget and comparing actual to estimated costs is important to you, consider QuickBooks Enterprise.
• We picked it for features like multi-company and multicurrency support and intercompany accounting, making it versatile for a wide range of business sizes and types.
• Something like QuickBooks might be the most affordable option, but it won’t include all the accounting features needed for the construction industry.
• After the project is completed, construction companies perform a post-job review to analyze and assess the job’s overall profitability.

On-premises solutions are best for teams that work in a central location — you essentially download the software to your local computers or servers and can only access it within that internal system. Often, you have to update and maintain the software yourself, but it’s touted as a more secure option if you’re worried about unfriendlies accessing your business information. “We chose Foundation for its array of features, depth of reports, its customization options, and its affordability. Much cheaper than buying software that you have to pay per-user access fees for.

• With invoicing, payments, tax management, reporting and expenses tools, QuickBooks is great for those looking for a simple and cost-effective solution for their financial management needs.
• However, users say they need intensive onboarding to use the platform and keep up with frequent updates.
• The second price range I considered are intended for large construction companies and general contractors.
• You get access to a broad network of experts for industry-specific tasks, including electrical work, and even plumbing.
• This is one reason it has received several industry awards, including Software Advice’s 2021 Front Runner award and making Capterra’s Shortlist.
• Regarding accounting, Safe 300 breaks tasks down into assignments and work orders.

Buildertrend can help businesses make the most of their accounting software by offering software integrations with QuickBooks and Xero. With Access Coins, financial managers gain access to robust tools tailored to streamline financial processes and optimize project profitability. From tracking budgets to eliminating financial siloes, ProCore can connect all areas of your business within one comprehensive EPR solution. 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.