Construction Accounting Software Built for Contractors

Construction accounting software provides specialized financial management solutions for contractors. This industry-specific platform helps construction firms manage:

• Job costing
• Payroll operations
• Financial reporting
• Progress billing
• Invoicing
• Fixed asset management

Contractors who use construction-specific accounting software — like FOUNDATION — can streamline revenue recognition processes to maintain project budgets and construction timelines. FOUNDATION gives contractors powerful tools to review and manage project finances instantly, maximizing productivity and profitability across all operations.

General contractors should prioritize software that simplifies essential financial processes. FOUNDATION includes comprehensive features for:

• Inventory management across multiple job sites
• Accounts receivable tracking and collections
• Accounts payable automation and vendor management
• General ledger integration and reporting
• Purchase order processes and approval workflows

Robust construction accounting platforms deliver detailed job costing capabilities, built-in project management tools, payroll processing systems and cash flow reporting.

The best accounting software for contractors integrates seamlessly with other industry solutions like time tracking and HR systems to reduce redundant data entry and improve operational efficiency.

FOUNDATION offers all these features within a single unified financial platform that contractors rely on daily.

Yes, our team of implementation specialists and construction industry leaders helps contractors transfer data from legacy accounting systems to FOUNDATION. This data migration process ensures financial continuity without disrupting ongoing operations.

Additionally, our training specialists provide your construction firm with six months of comprehensive training to introduce the construction accounting software and ensure your team transitions smoothly to the new platform.

Yes, FOUNDATION construction accounting software program can integrate with project management software, such as ProjectHQ^®, a project management app that gives contractors greater visibility into their whole project, setting the stage for better informed financial decisions.

ProjectHQ's centralized dashboard allows team members with appropriate permissions to view construction invoices, change orders and project documentation alongside job-cost data, improving collaboration between field and office teams.

Our construction accounting solution also integrates with select third-party project management software solutions, allowing contractors to customize their technology stack to match their unique operational requirements.

For FOUNDATION’s complete list of integrations, click here.

Yes, FOUNDATION leads the construction software industry in job cost management and project tracking capabilities. Contractors using FOUNDATION construction accounting software track project expenses and review project progression with enhanced visibility into critical documentation, including:

• Change orders and contract modifications
• Field logs and daily reports
• Custom documents and project specifications
• Job cost reports with budget-to-actual comparisons
• Financial reports and profitability analysis
• And more construction-critical documentation

FOUNDATION's construction accounting platform provides contractors with real-time visibility into actual project costs, delivering accurate construction reports that support profitable decision-making across all project phases.

One satisfied customer shares how FOUNDATION's reporting capabilities and project management features transformed their operations:

"We have used FOUNDATION construction accounting for almost fifteen years. We have been extremely pleased with this software, and it continues to be one of the most reliable and well-developed software programs that we use in our firm. Very user-friendly and logical in its processes. Reporting is excellent and is not only used by our accounting staff, but also by our project management staff to monitor job performance and budget/cost comparisons."

• Leesa C., Administrative Assistant

Construction accounting differs significantly from standard business accounting due to its project-centric methodology and unique industry requirements. Unlike general accounting software, construction financial management focuses heavily on job costing, tracking project-specific expenses and revenue for individual jobs rather than only overall company finances.

Construction payroll demands specialized capabilities to handle complex payroll scenarios, including prevailing wage requirements and union compliance rules. The construction industry also deals with long-term contracts, progress billings and retainage, which are uncommon in other business sectors.

FOUNDATION accounting software ranks as the best choice for contractors seeking real-time financial data and deeper insights into project finances. With nearly four decades of construction industry expertise, FOUNDATION offers comprehensive tools, including:

• Job costing systems
• Construction payroll processing
• Seamless project management integration

Contractors gain financial control with FOUNDATION's integrated construction accounting software, making data-driven decisions with real-time project information that enables business scalability and growth.