Top 7 Construction Accounting Software Platforms for Contractors

Empowering contractors to make informed decisions now — from the jobsite to the boardroom. The mobile app Online Accounting works with full functionality without needing a browser. Users can choose between cloud-based and on-premise deployment options.

The Best Construction Project Management Software

Viewpoint Spectrum made our list because it’s a full-featured construction ERP, integrating accounting, payroll, equipment tracking, service management, and dispatching. We found its accounting system advanced, Online Bookkeeping supporting multi-currency processing. Spectrum also handles more basic functions like invoice entry, reporting, cash management, and job costing. When selecting software, contractors must consider their business size, project complexity, and growth plans. Effective budgeting strategies can also play a crucial role in choosing the right accounting software for your needs.

Construction Contracts: Pros and Cons of a Cost-Plus Contract

Different platforms provide unique benefits that match various business requirements. Premier Construction Software shines with its up-to-the-minute cost tracking and automated processes. Most cited a need for better job costing, project management, equipment management, bid management, and field service management. Construction accounting software performs project accounting specifically developed for construction projects. These solutions track financial data in real time while monitoring expenses (like the cost of materials and labor). Use software to streamline your revenue reports, invoicing, and payroll processes to stay on top of your company’s finances.

Foundation Software Support

Built specifically for the construction industry, CMiC supports large, complex projects and teams. Enterprise-level construction firms seeking a unified database for financials, operations, and project management. The platform makes project finances simpler through several powerful capabilities.

• Its browser-based interface makes it more accessible than traditional desktop ERPs.
• Construction happens in the field, so your accounting software should be accessible from job sites.
• The platform’s 360-degree dashboard shows vital performance indicators like billing, costing, labor, materials, and profitability.
• We’ve reviewed the top construction accounting software for functionalities like job costing and payroll compliance.
• It’s a great midmarket option, as it combines construction accounting with its strong project management module.

Procore stands out for its project-centric interface, which connects financial management and on-site operations. Try to find software that supports progress billing, AIA billing formats, and retainage calculations. The ability to generate accurate estimates quickly impacts your ability to win bids and maintain profitability. Before taking that leap, it’s worth exploring whether you can unlock bookkeeping for construction companies more value from your existing system. Sage Intacct for Construction combines robust general ledger, accounts payable, and multi-entity management capabilities into a user-friendly cloud-based experience. It’s especially useful for growing firms that need more agility than legacy ERPs can provide.

CoConstruct Features

Jonas Premier offers an integrated solution that extends beyond accounting. It combines project management, job costing, and financial management into a single platform. This integration can streamline operations significantly for growing contractors who need a comprehensive system to manage their expanding business. Deltek’s ComputerEase is tailored for construction and field service companies.

• The search and filter tools make invoice and purchase order tracking simple and efficient.
• A construction management software will have more of a focus on non-accounting features such as estimating, scheduling, and project management.
• If a project is not performing up to standards, you can find out in real time before it affects profits or incurs a loss.
• These accurate reports can help facilitate better decision-making and let you monitor the performance of your business continuously.
• During our review of different construction accounting programs, we look at how many different features are included.

Contractors seeking a robust construction-specific accounting platform with built-in job costing. COINS is a unified ERP+ system that connects teams, devices, and business processes on a single platform. The software brings 40 years of construction industry expertise to today’s accounting needs. Construction teams love CoConstruct because it connects budgets, purchase orders, and change orders in one central platform.