The Best Construction Accounting Software In Illinois
Contractors in Illinois have several big projects that they will be able to take advantage of. American Airlines and United Airlines have approved an $8.5 billion upgrade to Chicago’s O’Hare Airport. With large construction projects like this, contractors need the best construction accounting software to help make sure their jobs are profitable.
Construction companies shouldn’t rely on off-the-self accounting software or spreadsheets to ensure their job costing and budgets are accurate.
Contractors need accounting software designed specifically for the construction industry. By leveraging features designed for the unique needs of the industry, Illinois contractors can:
- Get 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
- Streamline accounting process for increased efficiency and reduced errors
- Improve financial management to have more accurate estimates and win more bids
Construction companies shouldn’t rely on off-the-shelf accounting software or spreadsheets.
There's a better solution: FOUNDATION® accounting software.
FOUNDATION isn’t just accounting software — it’s a comprehensive financial management solution built by construction veterans who understand the complexities construction projects can bring. Over 40,000 construction professionals across the country trust FOUNDATION to simplify their finances and empower them to build stronger, more profitable businesses.
FOUNDATION helps Illinois contractors address specific challenges like:
- Revenue recognition
- Accurate job costing
- Scheduling invoices or creating recurring invoices
- Simplifying accounting processes
- Maintaining project budgets
- Construction CPAs audit and review
Ready to take control of your job costing and build your construction business in Illinois? Keep reading to discover how FOUNDATION can transform your operations.
The Growing Illinois Construction Industry
Illinois has a number of large construction projects for contractors to take advantage of.
Chicago’s O’Hare Airport is undergoing an $8.5 billion upgrade. The project includes a new Global Terminal (costing $2.2 billion) and will modernize and expand Terminal 5.
The $320 million Lasalle Street Reimagined Project has projects set to begin in 2025 and 2026.
The Illinois Department of Transportation has 10 major infrastructure projects scheduled to start this year, including the resurfacing of Interstate 74 from U.S. 34 to Woodhull and the Cedar Street extension, which includes a bridge rehabilitation.
In addition to these projects, there is more than $2 billion in road and highway projects in the Peoria area set to take place between 2025 and 2030
Contractors need construction management software to handle projects like this, to ensure they run on schedule, and stay within budget.
What Are the Benefits of Using Integrated Construction Accounting Software?
There are a number of advantages to choosing Illinois' #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
If you’re frustrated with generic accounting software or trying to pull detailed reports from a spreadsheet, see what a difference our accounting software can make for you.
With thousands of contractors choosing us, it’s easy to see why FOUNDATION is the leader in construction accounting software.
We know the challenges Illinois construction companies have to deal with on projects. With our cutting-edge accounting software, you can connect the jobsite to the construction office to help you improve job costing and grow your business.
We have combined:
- 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!
We can help you design and customize countless construction accounting reports and financial statements so that you can maximize profitability.
Whether you need help with certified payroll, cash flow, or getting accurate reporting, FOUNDATION has the solutions for you.
FOUNDATION has been helping contractors and construction companies for almost 40 years. We are the best construction accounting software solution for Illinois contractors who want to transform their business.
