Job Costing Software

Committed costs are expenses you’ve agreed to pay but haven’t been billed for yet — like open purchase orders and subcontracts. Tracking them alongside actual costs shows what a job will really cost, not just what’s been invoiced so far.

FOUNDATION displays committed costs next to budget and actual costs, so you can catch over-commitments before they turn into overruns.

Yes, FOUNDATION tracks labor, material, equipment and subcontractor costs by job — down to the cost code level.

Actual costs post to each job as they’re recorded:

• Labor costs post from payroll and field time entries
• Material costs post from vendor invoices
• Subcontractor costs post from vendor invoices entered against each subcontract

FOUNDATION also tracks committed costs from open purchase orders and subcontracts alongside actual costs, so you see what each job will really cost — not just what’s been invoiced so far.

FOUNDATION accounting software improves job profitability by using its Job Costing Module to track cash flow, manage costs and forecast project performance in real time.

Key capabilities include:

• Allows you to easily review cash flow at every step of your project
• Sends you automated alerts so you can avoid additional construction costs, material costs, labor costs and cost overruns
• Simplifies change order management to keep your crew informed
• Gives project managers greater visibility into WIP reports and billing to help you project cash flow, profitability and overall job costs

FOUNDATION’s construction job costing software allows you to adjust your timelines and resource allocations as your project requires.

Yes, FOUNDATION compares estimated costs against actual and committed costs on every job, so you can spot variances while there’s still time to act.

You can:

• Import estimates from spreadsheets or construction estimating software to build your job budget
• Run estimated vs. actual reports by job, cost code or cost type
• Keep your original budget for comparison as approved change orders update the revised budget
• Reference past job performance to bid new work with confidence

FOUNDATION’s estimated vs. actual reporting gives you a clear picture of job profitability from bid to closeout.

FOUNDATION includes job costing, payroll, accounts payable and general ledger modules directly in its system, so every transaction updates job costs automatically.

• Payroll: Labor costs post directly to the right job and cost code each time you run payroll
• Accounts payable: Vendor and subcontractor invoices are charged to jobs as they’re entered
• General ledger: Job cost and financial records stay in sync without double entry or manual reconciliation

With one source of data, your job cost reports, WIP reports and financial statements always tell the same story.

Yes, FOUNDATION job costing software identifies potential cost overruns early through real-time data tracking and automated budget alerts.

When expenses approach budget thresholds, FOUNDATION notifies users and allows them to create or approve change orders to correct course.

FOUNDATION’s commitment to providing construction-specific insights and project cost control makes it the best job costing software for many contractors.