Construction General Ledger Accounting Software

The FOUNDATION® General Ledger Accounting Module enables contractors to perform daily transactions and period-end procedures easily, plus report from a robust and scalable database.

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General Ledger Accounting Features

Contractor with a jackhammer at a construction site

Construction Company Financials — Change Orders and WIP Reports

FOUNDATION's general ledger generates professional financial statements that show your construction business health at any point in time.

The system produces:

View and post over/under billing (WIP) and overhead, including the impact of change orders and WIP adjustments
Run standard and comparative financials, or create custom reports
Set account budgets for any length of time, and report for any period

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Daily and Period Construction Bookkeeping

Construction accounting software reduces data entry and automates routine bookkeeping processes for daily, monthly, quarterly, and yearly financials.

FOUNDATION streamlines:

Reconcile bank accounts simply by selecting each of your cleared transactions
Schedule recurring journal entries, or easily enter one-time adjusting entries
Close out year-end in just a few steps when you’re ready — and reverse if you need to

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Construction Accounting team reviewing their ledger accounting software

Secure Audit Trails of Ledger Activity

FOUNDATION's secure database records every transaction throughout your construction ledger lifecycle — including all reversals.

The audit trail provides:

Track every transaction from creation through posting, including reversals and adjustments.
View complete transaction history for any account or timeframe with detailed reporting
Maintain compliance with automatic documentation that supports audits and financial reviews

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Other Modules to Help You Work

America's #1 Construction Accounting Software improves your workflow with integrated modules that enable maximum team efficiency so you can focus on what matters most.

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Job Costing

Enjoy a complete tie-out between your job costing and construction accounting software. Post a single transaction to hit both your job cost reporting and your general ledger simultaneously, without reentry.

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DataGenie Can Help Your Business

Simply drag and drop rows and columns to modify or create custom construction financial reports from your company’s general ledger.

Can DataGenie Help Your Business

Executive Dashboard

Find quick, high-level overviews of your company and project financials with easy-to-read graphs and charts. Then, instantly drill down for increasing detail — all the way to individual transactions and invoice images.

Business Financials at a Glance

The accounting side of the software, A/R, A/P and G/L are just as powerful as the job cost side.

Bill Breyton – CEO
AMS Electric

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General ledger FAQs

▸What General Ledger Software Offers Reporting Tools for Construction Projects?

FOUNDATION accounting software includes a General Ledger Module with advanced reporting tools designed specifically for construction projects.

Users can drag and drop rows from their chart of accounts to create customized financial reports, such as:

Work-in-progress (WIP) reports
Balance sheets
Cash flow statements
Income statements

With FOUNDATION, contractors can automate general ledger processes to save time while receiving accurate financial data they can use to more effectively manage their operations.

▸How Can General Ledger Software Help Me Identify Cost Overruns on Construction Projects Early On?

▸Are There Any General Ledger Software Solutions That Integrate With Project Management Tools?

Yes, FOUNDATION integrates seamlessly with its sister product, ProjectHQ®, giving contractors connected financial and project management visibility.

Together, these tools allow users to:

Sync cost codes, cost classes and more directly from FOUNDATION into ProjectHQ
Transfer details from change orders, purchase orders and subcontracts from ProjectHQ to FOUNDATION
Easily update project budgets and contracts in ProjectHQ without logging into FOUNDATION

The integration between FOUNDATION and ProjectHQ gives users unique insights related to inventory, cash, equity, assets and liabilities throughout their projects so they can maximize productivity and profitability.

▸Can Cloud-Based General Ledger Software Help My Construction Business?

Yes, cloud-based general ledger software helps construction businesses access real-time financial data anytime, anywhere for faster and more accurate decision-making.

With FOUNDATION’s cloud-based system, contractors can:

View up-to-date financial data at any time
Run reports using real-time information
Access data from virtually anywhere on any connected device

Contractors can simplify bookkeeping with software and automate general ledger processes when they choose FOUNDATION.

▸What General Ledger Software Has Features for Managing Subcontractor Payments in Construction?

FOUNDATION accounting software includes features that make it easier for contractors to manage subcontractor payments within the general ledger.

Key functions include:

Importing subcontracts to easily track costs
Creating and approving change orders based on subcontracts
Saving, storing and easily finding key subcontract information with an organized, searchable database
Monitoring committed expenses at any level of detail to help you make the right decisions fast

With FOUNDATION’s general ledger software, contractors can effectively manage their subcontractor payments and other accounts receivable items on their balance sheet. This gives contractors more accurate cash flow statements.

Foundation Software Case Studies

Up-close, in-depth and detailed examinations to help you learn about our company.

Construction Company Grows To $15M In Revenue Using Foundation® Accounting Software

NCN Electric Provides Diverse Electrical Contracting Solutions

Santa Maria Electric Relies on FOUNDATION and McCormick Systems to Operate Efficiently