The Best Construction Accounting Software In Oregon
Have you ever asked yourself, “Why is construction accounting difficult?” This is a common question that many contractors and construction businesses ask themselves. That’s why Foundation Software designed accounting software for contractors.
With rising material costs, contractors need the best construction accounting software in Oregon to get real-time insights into their projects. With accounting software developed by construction industry experts, you can track every dollar, hour, and quantity for your construction projects.
By leveraging the powerful features of software designed for the unique needs of the construction industry, Oregon contractors can:
- Gain real-time project insight and job cost tracking to maximize profitability
- Simplify complex tasks like revenue recognition, billing, and payroll
- Improve project management and decrease risks
- Track costs that help stop overruns and improve your project’s profitability
- Prepare for audits and reviews with confidence
We know that doing construction accounting on a spreadsheet is challenging, but there's a solution that is designed for you: FOUNDATION® accounting software.
However, FOUNDATION isn’t just accounting software — it’s a comprehensive financial management solution built by construction industry professionals who understand your challenges. Over 40,000 construction professionals across the country trust FOUNDATION to simplify their finances and help them build stronger, more profitable businesses.
FOUNDATION helps Oregon contractors address specific challenges like:
- Revenue recognition
- Scheduling invoices or creating recurring invoices
- Managing prevailing wages and Davis-Bacon compliance
- Simplifying accounting processes
- Maintaining project budgets
- Construction CPAs audit and review
Ready to take control of your job costing and take on bigger construction projects in Oregon? Keep reading to discover how FOUNDATION can help you make sure your projects are profitable.
The Growing Oregon Construction Industry
There will be several large construction projects happening in Oregon, and contractors can grow their businesses by bidding on these jobs.
The U.S. Department of Transportation (USDOT) has awarded $1.5 billion for the Interstate 5 Bridge, which will span the Columbia River. This large project is expected to begin construction in late 2025 and be completed by 2032.
The I-205 Abernethy Bridge Project, which will cost $662 million and include fortifying the bridge to withstand earthquakes, improving the exit and entrance ramps surrounding it, and improving pedestrian and bike routes.
The Portland Bureau of Transportation (PBOT) has several large construction projects set to start in 2024 that will cost over $100 million. Some large-scale capital projects will be going up for bid soon, and accounting software can help contractors capitalize on these projects.
Since many of these projects have large project scopes and longer timelines, contractors need the best accounting software to ensure that they’re bidding accurately and avoid underbilling or overruns so that they can maximize their profits.
What Are the Benefits of Using Integrated Construction Accounting Software?
There are a number of advantages to choosing Oregon’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
If you’re tired of job costing off a spreadsheet or using off-the-shelf accounting software to give you better financial insights into your projects, you could be leaving money on the table. 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 construction accounting leader.
Oregon construction companies face unique challenges and need their construction software to help them take advantage of the large projects that are happening in the Beaver State. With our cutting-edge accounting software, you can connect the jobsite to the construction office to help you manage costs and grow your business.
When you choose FOUNDATION, these are the accounting software benefits you get:
- Accurate job costing
- Improved communication
- Efficient project management
- Mobile time tracking
- Certified payroll
- Construction inventory and material management
- Accounts payable
- Accounts receivable
- General Ledger
- Construction reporting and analytics
- And more!
Our accounting software can help you track your project financials and maximize your profitability.
Whether you need help with job budgets, certified payroll, customizable dashboards, or getting accurate reporting, FOUNDATION has the solutions for you.
With almost 40 years of experience serving the construction industry, we are the best construction accounting software solution for Oregon contractors who want to transform their business.