Top 7 Construction Accounting Software Platforms for Contractors

Simplify the process of job costing and project management with the foundation software. You get to save time and money and can easily manage your team with the automated payroll system. QuickBooks provides excellent accounting software for small to medium-sized construction businesses. You get functionalities such as invoicing, income management, expense tracking, and tax preparation.

Look at customer reviews and compare your possible platforms.

Enhance decision making and stay profitable with data from detailed construction reporting — on any device. You can use it on various platforms including Android, iOS, desktop, and web browser. You can also integrate it with other third-party applications giving you more flexibility and functionalities. Top ERP products for construction include Viewpoint Vista, Jonas Enterprise, and Procore.

• Plus, the FreshBooks mobile app is as intuitive when it comes to generating, sending and tracking invoices.
• You get a free demo and training support, whether face-to-face or online.
• The below features that are typically part of accounting software are especially useful for contractors.
• QuickBooks offers four service tiers depending on your needs, allowing users to track income and expenses, capture and file receipts, and run reports.
• Features typically include project accounting, job costing, and specialized progress billing.

Features of Accounting Software for Contractors

COINS also supports supply chain management, opportunity management, assets management, and service management. One of ProjectHQ’s most popular features is its centralized dashboard where any team member with permission can view the company’s construction invoices. Procore is solely dedicated to the construction industry, unlike the other software options on the list. It’s important to note that, while Procore does offer financial management tools and reporting, it’s more of a project management solution than a true accounting software.

Get paid quicker for your jobs

Occasionally, you may encounter accounting software vendors that offer a short period of discounted monthly subscription prices if you skip the free trial. After you’ve narrowed your construction bookkeeping search down to a few options, we always recommend free trials to determine which platforms truly serve your needs. As a contractor, you need a robust mobile app for your accounting software. These apps are how you track mileage properly, and you can create invoices during site visits from these apps too. In particular, look for platforms with mobile apps through which you can convert photos of receipts to expenses and bill them, when appropriate, to clients. This functionality ensures that you invoice accurately and get repaid for any costs you incur on your clients’ behalf.

• We also appreciate its role-based dashboards, KPI tracking, and dimensional reporting, where construction businesses can tag transactions to view data from any angle.
• Something like QuickBooks might be the most affordable option, but it won’t include all the accounting features needed for the construction industry.
• As anyone reading this surely knows, the construction industry loves its documents!
• Time and again when we’ve reviewed accounting software, FreshBooks has led the pack in all things invoicing.
• When used properly, it can streamline your day-to-day financial processes, help you manage project costs more efficiently, and improve your efficiency across the board.

These accurate reports can help facilitate better decision-making and let you monitor the performance of your business continuously. Deltek acquired ComputerEase in 2019, integrating the software’s field-to-office functions with the corporation’s project-based business expertise. We found this platform best for small to mid-sized companies, providing accounting, payroll, HR, project management, and reporting. With the availability of ComputerEase Cloud, users can now leverage its web-based platform for construction-specific accounting. https://azbigmedia.com/real-estate/commercial-real-estate/construction/how-to-leverage-construction-bookkeeping-to-streamline-financial-control/ A successful construction job requires the right tradespeople, materials, and building practices, but be sure you also have the right accounting software.

• Easily see estimated vs actual costs to monitor how a job is progressing.
• With real-time data and remote access, Coins field service management tools unite all aspects of service operations from agreements, billing and maintenance to visit scheduling and dispatch.
• Stay organized with the construction accounting software that gives you unmatched insights into client management, project management, and job costs.
• If simple client collaboration is one of your top priorities, consider making Buildertrend your top pick.
• They offer detailed job tracking for time, money, and materials, reporting on demand, payroll, and more.
• The functionality is built around a general ledger and allows you to track your income, assets, expenses, and liabilities.

About Jonas Premier

We collect the data for our software ratings from products’ public-facing websites and from company representatives. Information is gathered on a regular basis and reviewed by our editorial team for consistency and accuracy. We found Intacct Construction’s estimating and bidding tools useful. It has a comprehensive price database to help create competitive estimates, bids, and budgets. We also appreciate its role-based dashboards, KPI tracking, and dimensional reporting, where construction businesses can tag transactions to view data from any angle.

Accounting software helps contractors spot cash problems

You’ll see the true pros and cons of each platform you’re considering from actual business owners who have used the software. Although one negative review shouldn’t sink the ship for any vendor you’re considering, all feedback is worth keeping in mind. You should also look for platforms through which you can add your branding to all these documents.