Off-the-shelf accounting software like QuickBooks® is used by thousands of small businesses, and they’re great programs. But they often don’t allow contractors to accomplish all they need to.
With construction accounting software, you can track financials and report critical, construction-related information like retainage, prevailing-wage rates, certified payroll, multiple trades, job activities, percent complete, change orders, POs and subcontracts, equipment usage, AIAs, union deductions and fringes, and much more.
If you’re using a general-purpose accounting application, you may not be running as efficiently or powerfully as you have the potential be as a contractor.