The Best Construction Accounting Software In Minnesota
Accounting software is essential for contractors to get real-time visibility into project financials. If you’re tired of unexpected job costs, or projects going from black to red, you need the best construction accounting software in Minnesota.
As construction projects continue to grow, contractors face increasing pressure to manage their finances effectively. Failure to do so can lead to missed opportunities, and, ultimately, a struggling business.
That's where accounting software comes in — it's not just a tool but a critical investment in the success of your construction company.
By leveraging features designed for the unique needs of the construction industry, 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
- Streamline accounting processes for increased efficiency and reduced errors using construction software
- Prepare for audits and reviews with confidence
That’s why contractors need FOUNDATION® accounting software.
FOUNDATION isn’t just accounting software — it’s a comprehensive financial management solution built by construction veterans who understand your challenges. Over 40,000 construction professionals across the country trust FOUNDATION to simplify their finances and empower them to build stronger, more profitable businesses.
Hear what one of our satisfied clients has to say about their experience with our industry-leading accounting solution, “We weren't able to run accurate reports because we were very limited on how job costing worked in QuickBooks®. FOUNDATION has completely changed that! We are able to automate so many things such as Job Costing, Material Tracking, Payroll, Invoice approvals for AP, tie our correspondence via e-mail right to a job, and track our equipment all in one place.” - Toni. D
FOUNDATION helps Minnesota contractors address specific challenges like:
- Revenue recognition
- 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 thriving construction business? Discover how FOUNDATION can transform your business.
The Growing Minnesota Construction Industry
Minnesota is home to several large construction projects that are excellent opportunities for contractors to take advantage of.
Construction on a new $31.9 million Public Works Facility in Oakdale is expected to begin in late 2024 and be concluded in 2025.
The Arbor Lakes Business Park is adding a 198,000-square-foot building. Construction hasn’t started yet, but it is planned to be next to the Boston Scientific building currently under construction and costs $170 million.
A 365,000-square-foot building is being planned to be built in Blaine, MN. The new building will be the headquarters for the State Emergency Operations.
Xcel Energy is currently constructing a new 460-megawatt solar facility in Becker, MN. The project costs $508 million and is planned to be operational towards the end of 2025.
Minnesota's construction industry is booming with these massive projects and countless others across the state. But rapid growth brings its own set of challenges.
Contractors who can efficiently manage their finances, accurately track job costs, and maintain tight control over their budgets will be best positioned to capitalize on these opportunities.
With these kinds of projects, it’s important to have the right accounting software, which 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 Minnesota’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
Spending too much time on manual accounting tasks or struggling to pull detailed reports from a spreadsheet? Experience the benefits of our construction-focused accounting software.
We understand the unique accounting challenges facing Minnesota construction companies. Our cutting-edge accounting platform empowers you to connect the jobsite to the construction office, helping you manage costs and streamline your accounting processes to grow your business.
That's why thousands of contractors choose FOUNDATION for the accounting solution that helps them ensure project profitability through precise accounting practices.
With FOUNDATION, you gain access to a comprehensive suite of accounting tools designed specifically for the construction industry:
- Construction job cost accounting
- Mobile time tracking for accurate accounting
- Certified payroll accounting
- Construction inventory and material accounting
- Accounts payable
- Accounts receivable
- General Ledger accounting
- Construction accounting reporting and analytics
- And more features!
We can help you design and customize countless construction accounting reports and financial statements so that you can maximize profitability through improved accounting insights.
With nearly four decades of experience exclusively serving the construction industry's accounting needs, FOUNDATION is the ultimate accounting software solution for contractors who need excellence in their accounting practices.
Invest in your success with FOUNDATION, the best construction accounting software that empowers Minnesota contractors to build their businesses through superior accounting management.
Contact us now to schedule your personalized demo and take the first step toward transforming your construction business.
