Best Construction Accounting Software 2025

According to JOBPOWER, when you choose the desktop version, you’ll receive unlimited and toll-free telephone support for one year. The cloud version includes support, unlimited updates, and cloud hosting fees. Also, it didn’t do well in pricing because it’s one of the most expensive software on the list. Jason Ding is a seasoned accountant with over 15 years of progressive experience in senior finance and accounting across multiple industries. Jason’s firm, Notion CPA, is an accounting firm with a business-first focus. In his free time, you’ll find Jason on the basketball court, travelling, and spending quality time with family.

Accounting for construction: 5 tips & best practices

If you’re looking for the perfect middle ground, we recommend FreshBooks accounting software for construction. “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. There are quirks, but once you understand the system, it’s generally easy to navigate and manage them. Most users report having an easy time navigating and using the Foundation software for their usual needs. Some people need help learning to use its more advanced features, though Foundation offers a highly-rated customer service line for assistance.

• We found Sage 100 Contractor best for companies that have outgrown QuickBooks and want an on-premise system.
• Large firms will also appreciate its equipment management module, providing tracking of equipment location and usage worldwide.
• The Advanced plan starts at $499 for the first months, then increases to $799 per month.
• The software can also keep track of tax deadlines and provide reminders to avoid late filings and penalties.
• Also, files, photos, and videos are stored in a job-specific folder, so you won’t have to go through a long list to find the files you need.
• Set the parameters and qualifications based on insurance requirements, location and experience.

More about Accounting

In particular, a type of accrual accounting known as the percentage of completion method may be best. Through this approach to accounting, you’ll estimate a project’s end date and calculate your revenue based on how much work your team has done. Consider customer reviews too, especially those on Trustpilot (usually positive) and the Better Business Bureau website (sometimes negative). You’ll see the true pros and cons of each platform you’re considering from actual business owners who have used the software.

Project management

Contractors, project managers, and accounting teams use it to track expenses, manage invoices, and ensure accurate financial reporting. How Construction Bookkeeping Services Can Streamline Your Projects This software is essential for maintaining financial control, ensuring compliance, and optimizing project profitability. I chose JobPower because it simplifies AIA billing, making it easier for your team to handle complex billing processes. The software automatically generates AIA-style invoices, helping you save time and reduce errors.

• Getting as much information from your vendor on the software’s integration capabilities is clutch to ensuring it connects with your existing systems.
• Jonas Construction Software’s job costing module lets you track labor, equipment, materials, and subcontractor costs for each project.
• This cloud-based solution has a base of user interface (UI) customizations, custom workflows, search tools and collaboration features.
• This method should be used if revenues and costs of a project can be accurately estimated and all parties involved are expected to be able to complete all of their respective duties.

• Job costing, in particular, is one of the main factors that sets construction companies apart from other types of businesses.
• Additionally, the accounting software vendors on this list don’t charge extra for setup or implementation, although other services may impose these additional fees.
• It’s ideal for contractors who need detailed financial oversight throughout their projects.
• JOBPOWER offers an ERP solution with an integrated GPS location tracker and a map.
• However, you may also be able to make do with midrange accounting software packages that add some, but not all, possible tools.
• JOBPOWER is as powerful as Premier in terms of construction management, and it has a pretty decent set of accounting features, like A/P and A/R management.

Acumatica’s focus on project accounting makes it ideal for contractors who need comprehensive cost control and financial visibility. Construction firms have unique and dynamic accounting needs, managing the costs of materials and labor against the value of a project. That’s why contractors need the best accounting software with features tailor-made for the construction industry. These are features like inventory management, the ability to convert quotes and estimates to invoices and invoicing based on your team’s hours worked. We tested dozens of leading accounting platforms with an eye on these features and others that can help grow your construction business into a profitable success.