The Best Construction Accounting Software in Michigan
Are you worried that you are leaving money on the table with your construction projects? In an industry where billion-dollar and multi-million-dollar investments are commonplace, you need the best accounting software in Michigan.
Accounting software can help make sure your projects are on budget so that your business stays profitable.
Accounting software for contractors helps you leverage features designed for the unique needs of the construction industry. With accounting software, Michigan contractors 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
- Help you forecast and plan for future projects
- Manage clients' information in one place
- Prepare for audits and reviews with confidence, helping you stay compliant
If you’re relying on spreadsheets or generic accounting software, you could be missing out on the opportunity to grow your construction business.
But 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 challenges you face. 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 Michigan contractors address specific challenges like:
- Revenue recognition
- Accurately tracking job costs
- 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 a profitable construction business in Michigan? Keep reading to discover how FOUNDATION can transform your business.
The Growing Michigan Construction Industry
According to the Associated General Contractors of America, Michigan ranked fourth for an increase in construction jobs in the last 12 months. This means that the Michigan construction industry is growing. Let’s look at some of the bigger projects happening in the Great Lakes State.
Costing $1.4 billion, Detroit’s Hudson’s Site is planned to have 1.5 million square feet and be 684 feet tall. Hudson’s site will have an office, hotel, retail, and residential space (including 97 luxury condos) and will have an interior gallery and outdoor plaza.
The Residences @150 Bagley will be located near Comerica Park and Ford Field. This 18-story project is set to cost $80 million and will renovate a building that has been vacant for 50 years into 148 apartments.
The Gordon Howe International Bridge will be the longest cable-stayed bridge in North America. Stretching from Detroit to Windsor, the six-lane bridge has cost $5.7 billion and will be completed in the fall of 2025.
In 2025, Michigan is getting a full-service RH gallery. Set to cost $140 million, the first three floors will have a showroom to display furniture, lighting, and textiles. The fourth floor is planned to have a restaurant.
With large projects like the Residences @150 Bagley and the Gordon Howe International Bridge, Michigan’s construction industry is growing and showing no signs of slowing down soon.
With this growth and large projects, contractors who have a tight rein on their budgets and can accurately track job costs will be able to scale their business.
With these large-scale projects, having the best accounting software doesn’t just give you an advantage, it gives you the tool to grow your business and profitability.
What Are the Benefits of Using Integrated Construction Accounting Software?
There are a number of advantages to choosing Michigan'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 cost accounting 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 spending more time on accounting tasks or trying to pull detailed reports from a spreadsheet, see what a difference our accounting software can make for you.
But don’t take our word for it. Here is a review left by Dana C., a construction accounting manager. “We like the software because it allows project managers to see costs and review their job details in ways other accounting software was not able to do.”
With the benefits you get from our accounting software, it’s easy to see why thousands of contractors are choosing us; FOUNDATION is the construction accounting leader.
With our software, you can:
- Streamline job costing and construction payroll
- Gain real-time insights from the jobsite to the office
- Have better project management and handle multiple jobs
- Simplify complex tasks like certified payroll and time tracking
We know the unique challenges Michigan construction companies face. With our cutting-edge software, you can connect the jobsite to the construction office to help you manage costs 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!
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 rely on generic accounting solutions or spreadsheets. Get the control and real-time insights you need to grow your business and maximize profits.
With almost 40 years of experience serving the construction industry, we are the best construction accounting software solution for Michigan contractors who want to transform their business.
