6 Best Construction Accounting Software Programs

Software is designed to help people work more efficiently–it shouldn’t make jobs more difficult or time-consuming to complete. Depending on the size of your business or the types of projects being handled, you may look towards more advanced solutions. I checked whether the provider offers essential customer support options, like phone, live chat, email support, and self-help guides, such as blogs, https://www.merchantcircle.com/blogs/raheemhanan-deltona-fl/2024/12/How-Construction-Bookkeeping-Services-Can-Streamline-Your-Projects/2874359 videos, and user communities. If you need to use the mobile app, then you’ll have to pay $50 per user, per month. I have several years of experience with writing about accounting software, including QuickBooks Online and Desktop, Xero, and FreshBooks.

The Best Construction Accounting Software

Something like QuickBooks might be the most affordable option, but it won’t include all the accounting features needed for the construction industry. To help you find the best solution, we’ve used our review methodology to put together a collection of our best picks for construction accounting software. As a QuickBooks ProAdvisor, Mark has extensive knowledge of QuickBooks products, allowing him to create valuable content that educates businesses on maximizing the benefits of the software. Yes, you can use a free program like Wave if you only need basic accounting support for tracking total expenses, automating invoices, and receiving payments. Head out to our review of Wave to see if its free features are adequate for your construction business. Pricing is only 10% of the score because it’s more important to focus on getting contractor accounting software that has the features that fit your business needs than fixating on price.

Improve Job Costing

I allocated extra credits to cloud-based construction accounting software, as I believe it is generally easier to use than locally installed programs. Contractor features include specialized tools, such as the ability to manage and track equipment, share project documents with clients, track employee location, and general construction reports. Furthermore, the mobile app scored poorly because of its limited features—used only for receipt capture and mileage tracking. If you work primarily on-site on your local computer, you may not need extensive mobile accounting features. However, if you frequently work on the go, you may consider a cloud-based option like QuickBooks Online.

Construction Accounting Software Reviewed: The 7 Best Platforms for Contractors

The software also delivers flexible reporting and analytics, with pre-built options for progress billing and contract summaries. Overall, Vista makes tracking change orders, labor, and equipment easy for granular breakdowns on project profitability. 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. Spectrum’s construction operations cover many capabilities, including equipment tracking, resource scheduling, and cost projections.

Other reporting options within construction accounting software include consolidated financial statements, budget vs actual price margins on jobs, cash and working capital status, and profitability by customer. In construction accounting, job costing supplements the company’s general ledger. Sage Intacct Construction is a great pick for contractors of all sizes needing cloud-based financial management. It offers basic accounting capabilities as well as more advanced features like real-time posting, streamlined bank reconciliation, and flexible journal entries. The software also handles multi-entity consolidation, making it a strong choice for construction companies with different locations.

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