The Best Construction Accounting Software In Maryland
Are material costs eating away at your profits? Contractors in Maryland aren’t the only ones feeling the pressure. A recent survey by The Associated General Contractors showed that 73% of construction companies cite material costs as their top concern.
Using the best construction accounting software in Maryland can help contractors ensure that their businesses can handle these rising costs by having real-time insights into their construction projects.
Many contractors still rely on generic accounting software or spreadsheets, which makes managing material costs difficult. And without a clear picture of how those costs are affecting your jobsite, profit margins begin to shrink.
But there's a better solution. FOUNDATION® accounting software.
As the best accounting software for contractors, FOUNDATION helps contractors manage their finances. Over 40,000 construction professionals trust us to help them manage their unique fiscal landscapes, complex billings, and construction payroll processes.
Accounting software for contractors helps your business stay profitable because it is designed for the unique needs of the construction industry. With our software, you can:
- Gain real-time project insight and job cost tracking to maximize profitability
- Simplify complex tasks like revenue recognition, billing, and payroll
- Meet strict budget requirements and ensure project success
- Avoid cost overruns, improve supply chain management, and reduce data collection problems
- Prepare for audits and reviews with confidence
FOUNDATION isn't just accounting software — it's a financial solution designed by industry veterans who've walked in your shoes. We understand the problems that construction companies face and can help you build a profitable construction business.
Our accounting software helps contractors with:
- Revenue recognition
- Scheduling invoices or creating recurring invoices
- Simplifying accounting processes
- Maintaining project budgets
- Construction CPAs audit and review
FOUNDATION empowers you to take these challenges head-on. It's the all-in-one accounting software that gives contractors the control, efficiency, and insights needed to build stronger, more profitable businesses.
Ready to see how accounting software for contractors in Maryland can help your business handle the fluctuations of construction projects?
Keep reading to discover how FOUNDATION can transform your operations from Annapolis to Salisbury.
The Growing Maryland Construction Industry
Maryland is home to a number of large construction projects that provide excellent opportunities for contractors to grow their businesses. Let’s look at some of the big projects happening in the state.
The University of Maryland is in the middle of development projects that encompass 2 million square feet. There are over thirty projects with a $2 billion investment.
Construction on a $115 million shopping center in Waldorf, Maryland, just recently began. The Shops at Fairway Village will bring 120,000 square feet and over 180 residential units.
Prince George’s Counting is home to the development of 3.5 million square feet of Class A Industrial buildings at the National Capital Business Park. These buildings will include warehouses, cold storage, manufacturing, and distribution.
Another construction project happening in Waldorf, MD, is the construction of a $100 million medical center from Kaiser Permanente. The project is expected to cover 245,000 feet, with the first phase opening in 2025.
With these projects and many others across the state, the construction industry in Maryland is growing. But rapid growth brings challenges.
Contractors who can efficiently manage their finances, accurately track job costs, and maintain tight control over their budgets will be able to capitalize on these opportunities.
In this high-stakes environment, having the right accounting software isn't just an advantage—it's a necessity for sustainable growth and profitability.
What Are the Benefits of Using Integrated Construction Accounting Software?
There are a number of advantages to choosing Maryland’s #1 Construction Accounting Software. From financial transactions to real-time insights, contractors can get what they need to help improve their business growth.
Since 1985, Foundation Software has seen firsthand how construction accounting software can transform financial management for contractors, construction companies, and their employees.
Here are some benefits you get with an accounting platform designed specifically for this industry.
Even with all these benefits, some contractors opt for off-the-shelf accounting software, but for the complexities you face, you need software designed for your business.
Now, let's look at some of the accounting features you get from FOUNDATION.
FOUNDATION Construction Accounting Software
Our cutting-edge construction accounting solution accurately tracks the details of every job with customized drill-downs, so you aren't blindsided by cost overruns or unexpected expenses.- Job Costing
As a contractor, you need to know exactly where every dollar, hour, and quantity goes on your jobs. With the FOUNDATION Job Costing Module, you get Microsoft® SQL Server®-powered reporting, which means stress-free job costing across the date range you need.
You'll be able to:
- Review project cash flows
- Allocate overhead
- Generate work-in-progress (WIP) reports
- Get real-time job costing: production reports, estimated vs. actual, percent complete
- Receive automated alerts to avoid cost or labor overruns
Job costing software for construction companies is integral for your projects. With FOUNDATION, you can closely monitor spending and stay within budget. You can build job budgets with your company's job cost structure and compare project performance against estimated revenue, costs, labor hours, and quantities.
Using job costing software improves your financial oversight and planning capabilities, helping you maximize profits and operate more efficiently.
Get The Best Construction Accounting Software From Foundation Software
Stop trying to track the fluctuating job costs with a spreadsheet or generic accounting software. Transform your business with FOUNDATION, the accounting software trusted by thousands of contractors across Maryland.
With FOUNDATION, you can:
- Streamline job costing and payroll
- Gain real-time insights from the jobsite to the office
- Simplify complex tasks like certified payroll and time tracking
For almost 40 years, we’ve been helping contractors like you overcome their unique challenges and build more profitable businesses. With our cutting-edge accounting software, you can connect the jobsite to the construction office to help you manage costs and grow your business.
FOUNDATION has integrated:
- Construction job costing
- Mobile time tracking
- Certified payroll
- Construction inventory and material management
- Accounts payable
- Accounts receivable
- General Ledger
- Construction reporting and analytics
- And more!
Whether you need help with improved budgeting and forecasting, getting real-time financial insights, or payroll compliance, FOUNDATION has the accounting solutions for you.
Don’t let outdated spreadsheets or off-the-shelf accounting software hold you back. Get the control and insight you need to grow your business.
With almost 40 years of construction industry experience, we are the best construction accounting software solution for contractors in Maryland who want to transform their business.
