# Best Construction Accounting Software - Page 4 *By [Neya Kumaresan](https://research.g2.com/insights/author/neya-kumaresan)* Construction accounting software provides users with financial management tools for construction projects and activities. These products offer features such as job costing, payroll, accounts payable and receivable (AP/AR), general ledger, and audit reporting, among others. Some [construction accounting solutions](https://learn.g2.com/best-construction-accounting-software) are project focused for specific financial information, while others provide accounting insights into the company as a whole. These solutions are nearly equivalent to basic [accounting software](https://www.g2.com/categories/accounting), however, they are specifically tailored to the construction industry. While construction accounting software may be offered as a standalone product, some also provide capabilities of [construction estimating software](https://www.g2.com/categories/construction-estimating/products) or [construction project management software](https://www.g2.com/categories/construction-project-management). To qualify for inclusion in the Construction Accounting category, a product must: - Offer accounting features solely for the construction industry as opposed to a variety of verticals - Provide financial management functionality for construction firms - Offer accounting insights at either project level or for the company as a whole - Generate financial reports that follow and adhere to risk, safety, and industry regulation guidelines ## How Many Construction Accounting Software Products Does G2 Track? **Total Products under this Category:** 124 ## How Does G2 Rank Construction Accounting Software Products? **Why You Can Trust G2's Software Rankings:** - 30 Analysts and Data Experts - 12,300+ Authentic Reviews - 124+ Products - Unbiased Rankings G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category. ## Which Construction Accounting Software Is Best for Your Use Case? - **Leader:** [Procore](https://www.g2.com/products/procore/reviews) - **Highest Performer:** [briq](https://www.g2.com/products/briq-briq/reviews) - **Easiest to Use:** [GCPay](https://www.g2.com/products/gcpay/reviews) - **Top Trending:** [Procore](https://www.g2.com/products/procore/reviews) - **Best Free Software:** [Procore](https://www.g2.com/products/procore/reviews) --- **Sponsored** ### KonstructIQ KonstructIQ is an AI-powered construction management platform that helps remodelers, builders, contractors and the trades, manage their jobs from the initial estimate, all the way to the final payment. Contractors face the exceedingly difficult problem every day of trying to juggle all the nuance of the field, with increasing complexity of the back office, and everything in between. Often this leads to a lack of insight into profitability, poor communication with the client, the business owner and subs, or in the worst case, not even winning the job in the first place because it took too long to estimate. KonstructIQ looks to solve all of this by building a platform that helps at every step of the way. Initial estimates can take anywhere from hours to days, but with AI-estimating, a brief description of the job and it's location gives you a line-item breakdown estimate, with labor and materials, ready to send to the client. Once approved, this estimate immediately becomes your budget, from which future change orders, bills and invoices get paid. With embedded payment systems in the platform you can pay your vendors and subs the way they want to get paid. ACH, check, debit and credit are all natively embedded into the platform so you always have direct insight into project profitability. During the project we're leveraging AI and automation throughout to save you time and make the process easier. Receive a bill via email? Automatically adjust your budget to account for it. With time tracking, scheduling, daily logs, all powered by AI, you're able to get back in the field and out of the office, all while growing your business. [Visit website](https://www.g2.com/external_clickthroughs/record?secure%5Bad_program%5D=ppc&secure%5Bad_slot%5D=category_product_list&secure%5Bcategory_id%5D=386&secure%5Bdisplayable_resource_id%5D=386&secure%5Bdisplayable_resource_type%5D=Category&secure%5Bmedium%5D=sponsored&secure%5Bplacement_reason%5D=page_category&secure%5Bplacement_resource_ids%5D%5B%5D=386&secure%5Bprioritized%5D=false&secure%5Bproduct_id%5D=1391131&secure%5Bresource_id%5D=386&secure%5Bresource_type%5D=Category&secure%5Bsource_type%5D=category_page&secure%5Bsource_url%5D=https%3A%2F%2Fwww.g2.com%2Fcategories%2Fconstruction-accounting-software%2Fmid-market&secure%5Btoken%5D=b8e5d54977b70675ca29023f2285f5160e8f06044fc230f7ab98f09ef877b5e6&secure%5Burl%5D=https%3A%2F%2Fwww.konstructiq.com%2Fbook-a-demo%2F&secure%5Burl_type%5D=book_demo) --- ## What Are the Top-Rated Construction Accounting Software Products in 2026? ### 1. [Builda Price](https://www.g2.com/products/builda-price/reviews) BuildaPrice formed in 2016 Limited to reflect Alan McQuarters and Darren Wallbank forming a new company to complete both pricing and job tracking (back costing) software. Alan had BP pricing trading and Darren had started work on back costing and job tracking for the industry and it made sense to put the two bits of software together. Our directors come with a lot of industry background. **Who Is the Company Behind Builda Price?** - **Seller:** [Builda Price](https://www.g2.com/sellers/builda-price) - **Year Founded:** 2016 - **HQ Location:** Rosedale, NZ - **LinkedIn® Page:** https://www.linkedin.com/company/buildaprice/ (10 employees on LinkedIn®) ### 2. [buildbuild](https://www.g2.com/products/buildbuild/reviews) buildbuild is Luxembourg based company creating construction software. We had construction company and created our instrument to manage projects. Then we decided to provide it to broad market as well. So we know what we are doing. buildbuild platform allows to increase project margin and build on time, as well as reduce time spent on various routine tasks. So all benefits come without hiring extra team which causes great effect on company earnings. Core features buildbuild covers are: - Project status visualization and monitoring bringing together scope, timeline and budget. Various reports are made from day-to-day operations without extra entries. - Contract management, including plan/actual analysis and variations - Contractor payment management with invoices and deductions calculated automatically based on work done - Features to organise and track activities like timeline, timesheets, stock management, financial control and more **Who Is the Company Behind buildbuild?** - **Seller:** [buildbuild](https://www.g2.com/sellers/buildbuild) - **Year Founded:** 2020 - **HQ Location:** Luxembourg, LU - **LinkedIn® Page:** https://www.linkedin.com/company/buildbuild-ltd/ (10 employees on LinkedIn®) ### 3. [BuilderGM](https://www.g2.com/products/buildergm/reviews) Introducing BuilderGM by Hyphen Solutions, an all-in-one cloud-based construction management solution designed for small to mid-size custom local and regional Home Builders, Remodelers, Contractors, Trades and Multifamily Contractors. With comprehensive features such as estimating, scheduling, vendor management, client billing and document management, BuilderGM ensures seamless integration with QuickBooks eliminating redundant data entry. BuilderGM empowers Builders to achieve more with less effort, facilitating improved client communication, streamlined reporting, enhanced team collaboration and data-driven business decisions through analytics. By providing insights and analytics, BuilderGM simplifies back-office tasks, optimizing overall efficiency and enabling Builders to make informed business choices. **Average Rating:** 5.0/5.0 **Total Reviews:** 1 **How Do G2 Users Rate BuilderGM?** - **Ease of Use:** 8.3/10 (Category avg: 8.4/10) - **Ease of Admin:** 10.0/10 (Category avg: 8.6/10) - **Has the product been a good partner in doing business?:** 10.0/10 (Category avg: 8.8/10) - **Quality of Support:** 8.3/10 (Category avg: 8.5/10) **Who Is the Company Behind BuilderGM?** - **Seller:** [Hyphen Solutions](https://www.g2.com/sellers/hyphen-solutions) - **Year Founded:** 1999 - **HQ Location:** Dallas, Texas - **Twitter:** @HyphenSolutions (427 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/20271/ (248 employees on LinkedIn®) **Who Uses This Product?** - **Company Size:** 100% Small-Business ### 4. [CHS](https://www.g2.com/products/chs/reviews) Custom Homebuilders' Solutions (CHS) 'Best Practices' Job Costing, Accounting, Project Management Software for Custom Home Builders **Who Is the Company Behind CHS?** - **Seller:** [Chsbuildersoftware](https://www.g2.com/sellers/chsbuildersoftware) - **HQ Location:** Castle Rock, US - **LinkedIn® Page:** http://www.linkedin.com/company/custom-builders-solutions (2 employees on LinkedIn®) ### 5. [Cleopatra Enterprise](https://www.g2.com/products/cost-engineering-consultancy-cleopatra-enterprise/reviews) Cleopatra Enterprise offers the integrated project cost management solution through the entire project life cycle to help people and organizations improve project performance, maximize capital investments and stay ahead of the competition. Over 20 years, Cleopatra Enterprise has enabled more than 500 industry-leading companies in 75 countries to control large technical projects and improve their project performance. Cleopatra Enterprise offers an integrated approach through the entire project life cycle in one system by including different disciplines within project controls: cost estimating, scheduling, cost management, and benchmarking. It is developed by cost engineers and designed to support the highly regarded AACE International's Total Cost Management approach. Cleopatra Enterprise serves the process industry and used by Owners, Contractors and EPC firms. Using the state of the art technology, Cleopatra Enterprise allows you to work faster and more accurate at the same time. Through the extensive interfacing possibilities of Cleopatra Enterprise, you can import and export to different software solutions, such as Excel and Primavera, with ease. The combination of powerful tools and cloud-based technology allows you to apply the ‘anywhere anytime’ strategy. **Who Is the Company Behind Cleopatra Enterprise?** - **Seller:** [Cost Engineering Consultancy](https://www.g2.com/sellers/cost-engineering-consultancy) - **Year Founded:** 1996 - **HQ Location:** Zwijndrecht, NL - **LinkedIn® Page:** https://www.linkedin.com/company/cleopatraenterprise/ (138 employees on LinkedIn®) ### 6. [Comet Software](https://www.g2.com/products/comet-software/reviews) JobSuper provides functionality that allows you to manage your construction job tasks and gives integrated users the ability to have their projects, jobs, and contacts set up automatically. **Who Is the Company Behind Comet Software?** - **Seller:** [Boon Resources](https://www.g2.com/sellers/boon-resources) - **HQ Location:** N/A - **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®) ### 7. [Construction Industry Accounts (CIA)](https://www.g2.com/products/construction-industry-accounts-cia/reviews) Construction Industry Accounts is an integrated software solution that provides job costing management, legislation changes, and more to help you manage your construction projects. **Who Is the Company Behind Construction Industry Accounts (CIA)?** - **Seller:** [CLiP IT Solutions](https://www.g2.com/sellers/clip-it-solutions) - **HQ Location:** Manchester, GB - **LinkedIn® Page:** https://www.linkedin.com/company/clip-it-solutions-ltd (3 employees on LinkedIn®) ### 8. [Construction Loan Progress Inspections](https://www.g2.com/products/northwest-construction-control-construction-loan-progress-inspections/reviews) NorthWest Construction Control (NWCC) provides lenders with streamlined draw inspections and comprehensive risk mitigation solutions. Our nationwide services are delivered through a secure, cloud-based application and powered by a nationwide network of vetted inspectors alongside our experienced support team. Work with us directly through our own web application or through one of our integration partners! **Who Is the Company Behind Construction Loan Progress Inspections?** - **Seller:** [NorthWest Construction Control](https://www.g2.com/sellers/northwest-construction-control) - **HQ Location:** N/A - **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®) ### 9. [Construction Partner](https://www.g2.com/products/construction-partner/reviews) Construction Partner is a construction accounting software that meets your needs to help you manage job costing, payroll, estimating, accounts payable, general ledger, and more. **Who Is the Company Behind Construction Partner?** - **Seller:** [Construction Partner](https://www.g2.com/sellers/construction-partner) - **HQ Location:** ROSEVILLE, US - **Twitter:** @constructionpar (461 Twitter followers) - **LinkedIn® Page:** http://www.linkedin.com/company/construction-partner-inc. (1 employees on LinkedIn®) ### 10. [Construction Systems Software](https://www.g2.com/products/construction-systems-software/reviews) Customizable solution that includes HR system, GL, job costing, check reconciliation, payroll, and paperless imaging capabilities. **Who Is the Company Behind Construction Systems Software?** - **Seller:** [Construction Systems Software](https://www.g2.com/sellers/construction-systems-software) - **Year Founded:** 1978 - **HQ Location:** Austin, US - **LinkedIn® Page:** https://www.linkedin.com/company/construction-systems-software-inc./ (4 employees on LinkedIn®) ### 11. [ControlQore](https://www.g2.com/products/controlqore/reviews) ControlQore is an all-in-one financial management platform that simplifies and automates the management of the project based finances for construction professionals and finance teams. Founded by veterans of the construction industry, ControlQore understands the unique financial complexities faced by construction companies every day. Our mission is to empower construction professionals with enterprise-grade solutions designed to streamline expense management, corporate card management, lien waiver management, bill approvals, and provide granular financial control tailored specifically for the construction sector. **Who Is the Company Behind ControlQore?** - **Seller:** [ControlQore](https://www.g2.com/sellers/controlqore) - **Year Founded:** 2022 - **HQ Location:** Layton, US - **LinkedIn® Page:** https://www.linkedin.com/company/controlqore (7 employees on LinkedIn®) ### 12. [CostCon](https://www.g2.com/products/costcon/reviews) CostCon is a job costing, accounting and management system developed specifically for building contractors and trade companies that work under the Construction Contracts Act. **Who Is the Company Behind CostCon?** - **Seller:** [CostCon](https://www.g2.com/sellers/costcon) - **HQ Location:** Mt Wellington, Auckland, NZ - **LinkedIn® Page:** https://www.linkedin.com/company/costcon-new-zealand (3 employees on LinkedIn®) ### 13. [Databuild](https://www.g2.com/products/databuild/reviews) Databuild Estimating Software allows building industry professionals with estimating, ordering and accounting to help manage the accounting aspect of your business. **Average Rating:** 4.0/5.0 **Total Reviews:** 1 **How Do G2 Users Rate Databuild?** - **Ease of Use:** 6.7/10 (Category avg: 8.4/10) - **Quality of Support:** 5.0/10 (Category avg: 8.5/10) **Who Is the Company Behind Databuild?** - **Seller:** [Databuild](https://www.g2.com/sellers/databuild) - **Year Founded:** 1975 - **HQ Location:** Dandenong South, AU - **Twitter:** @Databuild (173 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/databuild_2 (5 employees on LinkedIn®) **Who Uses This Product?** - **Company Size:** 100% Small-Business ### 14. [Dzylo](https://www.g2.com/products/dzylo/reviews) Dzylo is an AI-powered business management software for interior and build businesses. -Manage leads, generate quotations, and track tasks and projects in one platform. -Control expenses, finance approvals, vendor payments, and RFQs. -Create purchase orders, manage material and warehouse inventory. -Share 3D virtual tours and communicate with clients—seamlessly, in-app. **Who Is the Company Behind Dzylo?** - **Seller:** [Dzylo](https://www.g2.com/sellers/dzylo) - **Year Founded:** 2020 - **HQ Location:** Gurgaon, IN - **LinkedIn® Page:** https://in.linkedin.com/company/virtuatedzylo (25 employees on LinkedIn®) ### 15. [eBUILD Construct](https://www.g2.com/products/ebuild-construct/reviews) eBuild ERP is a flexible enterprise solutions product which caters to the unique demands of the real estate and construction industry. eBuild ERP helps in integrating business operations and for achieving greater profitability on an enterprise-wide level. eBuild ERP is designed and developed to deliver superior functionality, rapid implementation, and high levels of usability with a superior technology standard. Flexible solutions for Midsize Companies and Small Businesses and Contractors. **Who Is the Company Behind eBUILD Construct?** - **Seller:** [Interactive Max Tech](https://www.g2.com/sellers/interactive-max-tech) - **HQ Location:** N/A - **Twitter:** @e_BUILD (118 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/interactive-max-tech-imt-/ (2 employees on LinkedIn®) ### 16. [eDeneb](https://www.g2.com/products/edeneb/reviews) eDeneb is a cloud-based construction software that allows you to manage your profits and control costs and provides solutions for workflow, and streamlines the flow of information between the job site and the office. **Who Is the Company Behind eDeneb?** - **Seller:** [Deneb Software](https://www.g2.com/sellers/deneb-software) - **HQ Location:** Fountain Hills, US - **LinkedIn® Page:** https://www.linkedin.com/company/deneb-inc (1 employees on LinkedIn®) ### 17. [EJM Construction Software](https://www.g2.com/products/ejm-construction-software/reviews) Create Resource based Estimates. Full Accounting system up to Balance Sheet. Keep track of Equipment. Labour costing per project. **Who Is the Company Behind EJM Construction Software?** - **Seller:** [Emwin Systems](https://www.g2.com/sellers/emwin-systems) - **HQ Location:** South Africa - **LinkedIn® Page:** http://www.linkedin.com/company/emwin (1 employees on LinkedIn®) ### 18. [Enapps ERP](https://www.g2.com/products/enapps-erp/reviews) Enapps is a UK-based enterprise resource planning (ERP) solution tailored for mid-sized organisations that need a cohesive platform to manage core operational processes. Designed with flexibility in mind, Enapps unifies finance, CRM, inventory, supply chain, and even manufacturing and projects into one integrated system, eliminating data silos and fostering collaboration between departments. Its modular structure means you can enable only the features you need, ensuring a streamlined setup without unnecessary complexity or cost. One of Enapps’ key strengths is its fully in-house development and support team. This approach enables swift updates, regular feature enhancements, and bespoke customisations aligned with your specific business needs. Whether you’re looking to refine day-to-day tasks, improve production cycles, or maintain tighter financial oversight, Enapps can adapt to evolving requirements—helping you stay competitive in today’s rapidly changing market. Real-time reporting and analytics play a significant role in Enapps’ functionality. Customisable dashboards and actionable insights empower decision-makers with immediate visibility into operational performance, enabling them to respond swiftly to emerging trends and challenges. By replacing manual processes with automated workflows, businesses can reduce errors, save time, and ultimately lower operational costs. Beyond its technical capabilities, Enapps also emphasises transparency in pricing. The model is based on modules and the number of users, ensuring you only pay for what you genuinely need. With no hidden fees or unwelcome surprises, you can plan and scale your ERP solution at a pace that suits your organisation. Whether you’re operating in manufacturing, distribution, construction, or any other mid-sized sector, Enapps offers a configurable, agile platform to unify your processes and drive sustainable growth. By consolidating essential business functions, enhancing collaboration, and delivering insightful data, Enapps stands out as an ERP system that truly evolves alongside your organisation. **Average Rating:** 4.0/5.0 **Total Reviews:** 1 **How Do G2 Users Rate Enapps ERP?** - **Ease of Use:** 6.7/10 (Category avg: 8.4/10) - **Ease of Admin:** 8.3/10 (Category avg: 8.6/10) - **Has the product been a good partner in doing business?:** 8.3/10 (Category avg: 8.8/10) - **Quality of Support:** 8.3/10 (Category avg: 8.5/10) **Who Is the Company Behind Enapps ERP?** - **Seller:** [Enapps](https://www.g2.com/sellers/enapps) - **Year Founded:** 2011 - **HQ Location:** London, GB - **LinkedIn® Page:** https://www.linkedin.com/company/enapps-ltd/ (42 employees on LinkedIn®) **Who Uses This Product?** - **Company Size:** 100% Small-Business #### What Are Enapps ERP's Pros and Cons? **Pros:** - CRM Integration (1 reviews) - Customer Relationship Management (1 reviews) - Customizability (1 reviews) - Customization (1 reviews) - Customization Options (1 reviews) **Cons:** - Challenges in Usage (1 reviews) - Complexity (1 reviews) - Complex Usability (1 reviews) - Difficult Customization (1 reviews) - Difficult Learning (1 reviews) ### 19. [Glodon TAS](https://www.g2.com/products/glodon-tas/reviews) 5D BIM COST ESTIMATION & QUANTITY TAKEOFF Accurate quantity takeoff and cost estimated are the key to maintain competitiveness. TAS built-in automated intelligent to expediate taking-off with highly accurate results & enhancement of team collaborations. **Who Is the Company Behind Glodon TAS?** - **Seller:** [Glodon](https://www.g2.com/sellers/glodon) - **Year Founded:** 1998 - **HQ Location:** Beijing, CN - **LinkedIn® Page:** https://www.linkedin.com/company/3629441 (104 employees on LinkedIn®) - **Ownership:** SHE: 002410 ### 20. [Gubadoo](https://www.g2.com/products/gubadoo/reviews) Gubadoo is a mobile application for efficient financial management and construction processes. With it, you can quickly create and send invoices and estimates to your clients. You can also create convenient price lists for projects and monitor expenses and resources. Additionally, the app allows you to create task lists, set deadlines, and track progress. Gubadoo becomes an indispensable assistant for builders and renovators, helping to save time and money through efficient management of finances and construction processes. **Who Is the Company Behind Gubadoo?** - **Seller:** [Gubadoo](https://www.g2.com/sellers/gubadoo) - **Year Founded:** 2022 - **HQ Location:** Kyiv, UA - **Twitter:** @gubadoo_app (4 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/gubadoo/ (6 employees on LinkedIn®) ### 21. [hardhatadmin](https://www.g2.com/products/hardhatadmin/reviews) Cloud business administration and accounting software for the UK based construction industry. The service enables sole-traders, partnerships and companies to meet all their administration and accounting needs from the first estimate to end of year accounts and tax return from a single website quickly and easily. **Who Is the Company Behind hardhatadmin?** - **Seller:** [hardhatadmin](https://www.g2.com/sellers/hardhatadmin) - **HQ Location:** N/A - **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®) ### 22. [Hardhat Ledger](https://www.g2.com/products/hardhat-ledger/reviews) Hardhat Ledger is AI-powered bookkeeping software built specifically for contractors and construction businesses. It automatically tracks job costs, categorizes expenses, scans receipts, and tells you exactly which jobs are making money — and which ones aren't. Features include job costing, receipt scanning with AI categorization, mileage tracking, contractor invoicing, profit & loss reporting by job, and QuickBooks integration. Built for electricians, plumbers, roofers, landscapers, HVAC contractors, general contractors, and any trade business that needs to know their numbers without spending hours on bookkeeping. **Who Is the Company Behind Hardhat Ledger?** - **Seller:** [Hardhat Ledger](https://www.g2.com/sellers/hardhat-ledger) - **HQ Location:** Gig Harbor, WA - **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®) ### 23. [Hyphen HomeFront](https://www.g2.com/products/hyphen-homefront/reviews) Hyphen HomeFront by Hyphen Solutions is a fully integrated, on-premise Enterprise Resource Planning (ERP) solution designed for mid to large-size Home Builders. With user-friendly interfaces to drive the process from sales through construction and purchasing, to Service and Warranty, Hyphen HomeFront keeps every department in sync while reducing errors, cost and build times. With seamless integrations into popular accounting systems like QuickBooks, Sage Intacct Construction and Sage 300 Construction and Real Estate; Builders have the freedom to select their preferred accounting solutions while leveraging all the benefits of a true Home Builder Management solution. Ideal for Builders building 100-1,000 homes annually, this comprehensive building project management solution eliminates the necessity to replace existing back-end accounting solutions, ensuring seamless and precise sharing of sales, financial and project progress, as well as cost information across all departments. HomeFront provides real-time information that empowers Builders to make timely decisions and create efficiencies, maximizing profits throughout the entire building process. Additionally, we are committed to supporting residential Home Builders who are considering or preparing to transition from Sage 300 Construction and Real Estate to Sage Intacct. **Who Is the Company Behind Hyphen HomeFront?** - **Seller:** [Hyphen Solutions](https://www.g2.com/sellers/hyphen-solutions) - **Year Founded:** 1999 - **HQ Location:** Dallas, Texas - **Twitter:** @HyphenSolutions (427 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/20271/ (248 employees on LinkedIn®) ### 24. [Hyphen Wallet](https://www.g2.com/products/hyphen-wallet/reviews) Hyphen Wallet created by Hyphen Solutions is a comprehensive payment management solution designed for the residential construction industry. With an intuitive interface, Hyphen Wallet enables seamless payment processing and financial tracking for Home Builders, Suppliers and Contractors. By ensuring secure and accelerated transactions, Hyphen Wallet eliminates payment safety concerns, enhancing the overall payment experience for all parties involved in the construction process. With Hyphen Wallet, Builders achieve increased payment efficiency and visibility, allowing them to maintain complete control over the payment process. Simultaneously, Suppliers can effortlessly manage their cash flow and payment preferences in this intuitive portal. This comprehensive solution eliminates time-consuming check runs and payment delays, ensuring that Builders retain full visibility and control over the payment process for enhanced financial management. **Who Is the Company Behind Hyphen Wallet?** - **Seller:** [Hyphen Solutions](https://www.g2.com/sellers/hyphen-solutions) - **Year Founded:** 1999 - **HQ Location:** Dallas, Texas - **Twitter:** @HyphenSolutions (427 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/20271/ (248 employees on LinkedIn®) ### 25. [ILLUMYS](https://www.g2.com/products/illumys/reviews) ILLUMYS is a construction management software designed for industrial construction that creates solutions in field data capture, quality control, timesheet management, payroll invoicing, and LEM reporting tools. **Who Is the Company Behind ILLUMYS?** - **Seller:** [Gemstone Logistics](https://www.g2.com/sellers/gemstone-logistics) - **Year Founded:** 2007 - **HQ Location:** Sherwood Park, CA - **Twitter:** @gemstoneinc (3 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/gemstone-group/ (17 employees on LinkedIn®) ## What Is Construction Accounting Software? [Construction Management Software](https://www.g2.com/categories/construction-management) ## What Software Categories Are Similar to Construction Accounting Software? - [Construction Estimating Software](https://www.g2.com/categories/construction-estimating-software) - [Construction ERP Software](https://www.g2.com/categories/construction-erp) - [Construction Project Management Software](https://www.g2.com/categories/construction-project-management) --- ## How Do You Choose the Right Construction Accounting Software? ### What You Should Know About Construction Accounting Software ### What is Construction Accounting Software? Construction companies of all sizes constantly communicate and work with contractors, subcontractors, and field crew teams, which inevitably complicates payroll and accounting responsibilities. Hence, accounting is one of the most important areas in construction. The unique business model of construction companies—each project is essentially its own business, with its own revenue, expenses, payroll, and moving parts—requires accounting software that is designed specifically for the construction industry. What distinguishes construction accounting software from generalized accounting software is an integrated job costing feature. Job costing that integrates with the general ledger enables the accurate tracking, utilizing, and replenishing of construction resources. Construction accounting software reports on the profitability of each job and can even point out significant contributing factors to the profitability of a job. With construction accounting software, project managers and contractors can track financial data of projects and attribute data to specific projects. Ultimately, construction accounting software improves project performance, encourages visibility and transparency into utilized resources, and synchronizes project information across all players. Key Benefits of Construction Accounting Software - Optimizes accounting tasks as well as relevant financial-based operational tasks throughout the entire construction project lifecycle - Connects information and systems via a centralized source of truth, bringing together field teams with administrative and accounting teams - Provides insight into the financial health of individual construction projects or the entirety of a construction company’s project portfolio ### Why Use Construction Accounting Software? Construction accounting software enables construction companies and contractors to operate efficiently. Effective construction accounting software allows construction businesses and firms to keep track of the financial aspects of construction projects. For example, if a project has already reached half of their budgets but hasn’t completed half of the jobsite, then accountants and project managers can better address inefficiencies and gaps with construction accounting software. Construction accounting software streamlines financial reporting and tracking capabilities, fully integrates financials with construction project documentation, and provides historical financial details that will help identify, analyze, and resolve irregularities. Additionally, construction accounting software smoothens the flow of sharing project financial information, to better keep stakeholders up to date on the progress and the health of projects. **Provides a comprehensive picture of the finances and operations —** Updates project cost information in real time, enabling communication with the field, ensuring job costs do not deviate too drastically from initial estimates, and generating cost reports that can be used for future project planning. Construction accounting software records and keeps track of any and all actions on a construction project that makes, costs, or contributes to money. **Enables greater productivity and better information sharing —** Construction accounting software does not need to integrate with construction project management software to facilitate information flow. On its own, construction accounting software enables a clear data trail for both auditing and project management purposes. Construction accounting software offers easy-to-use approval processes, which contributes to fewer mistakes, more efficiency, and accurate cost reporting. **Increases potential client confidence —** With construction accounting software, users can tighten up how they track and record both financial and operational components of a construction project. This validates a company’s ability to complete a project in a timely and cost-efficient manner. Additionally, construction accounting software simultaneously eases the manual effort to keep a company’s finances in order as well as helps in impressing clients with outstanding bookkeeping instances. ### Who Uses Construction Accounting Software? The finance or administration team at construction firms, independent contractors, land and building developers, and commercial real estate owners or operators can utilize and benefit from construction accounting software. Cloud-based construction accounting software is accessible anywhere, whether it’s at the office, on the jobsite, or on the move with clients. Construction accounting software facilitates seamless connectivity between employees, crew members, and relevant stakeholders, improving communication and flow of operations. ### Kinds of Construction Accounting Software The kinds of projects that construction firms and contractors work on as well as any specialty trades that are contracted on projects determine which construction accounting solutions can match those needs. The size of construction companies also play a role in the kind of construction accounting software that is sought out by businesses. While more and more construction accounting systems (in addition to other types of construction software) are migrating to the cloud—to better fit the on-the-go and on-the-site realities of a construction professional—some solutions are still offered as on-premise solutions. One more thing of note: services companies do exist to streamline the training and consulting, and implementation and integration processes of deploying construction accounting software. The construction industry is a legacy one and while cloud-based, automated solutions have emerged to help modernize construction companies, it’s not easy for such companies to pivot. Service providers have emerged to bridge that gap, providing professionals with human resources that ease the burden of deploying and integrating brand new systems. ### Construction Accounting Software Features Contractors, construction project managers, and construction accountants leverage construction accounting software to track the financial data of each project they manage. Construction accounting software provides construction companies an industry-specific financial management solution that efficiently handles job costing in addition to general ledger and payroll functionalities. The following features are core accounting modules that can be found in any construction accounting solution: **Construction payroll —** Payroll is a necessary component of effectively managing contractors and construction workers. Construction accounting software ensures that a company’s payroll complies with regulations as set by federal and state agencies, equal employee opportunity (EEO) minority compliance, multi-state and multi-locality, automated fringes, and unions. **Construction billing and procurement —** Billing is another important element that construction businesses must accurately record and track. Construction billing functionality from a construction accounting solution has to be able to generate and track invoices for time and materials, provide full visibility into bookkeeping, track both estimated and actual job costs, and generate standardized American Institute of Architects (AIA) billing forms. Some construction accounting solutions also integrate equipment management functionality, which enables the tracking of any physical assets or equipments borrowed to comply with IRS regulations. **General ledger —** Effective construction accounting software provides an easy way to generate and manage general ledgers as well as any relevant financial reports that can help make informed business decisions. **Project accounting —** Project accounting enables project managers and construction accountants to track revenue and costs that are allocated to a construction project. Job reports can be generated to help businesses understand whether a project is on or off track. Those job reports can include anything from over or under billing, estimated versus actual costs and production tracking, and cash flow analysis. **Integration or compatibility with other construction systems —** While construction accounting software can exist and work on its own, it depends on the size of a construction company or the kinds of projects the company contracts. Software that is built to integrate with other construction solutions helps streamline all workflows and reduce any gaps in communication or handoffs. **Forecasting —** Construction accounting software that records and stores data and financial results effectively creates a historical record of job costs and trends. That historical record can be leveraged to better forecast and predict similar projects in the future. This helps construction companies maintain and ensure profitability of future projects. ### Trends Related to Construction Accounting Software Construction accounting software is just one more system that helps construction companies ensure profitability, facilitate confidence from stakeholders, keep a better eye on costs and finances, and remain competitive as construction companies bid against others during the prequalification stage. Construction accounting software is also industry specific, which reassures construction companies and accountants that they won’t need to exert quite as much time on important functions like compliance and audit tracking. Many of the trends that impact the construction accounting software market revolve around the types of projects that are demanding the attention of construction firms; more attention is being spent on how construction systems in general can better align and communicate with each other. For example, infrastructure and state highway construction are projects that are impacted by funding and political impact; the need for innovation within construction accounting solutions to compensate for a windfall of worker supply or the calculation of unique building materials are far less important than projects such as solar and power construction. The entire construction industry is realizing the need to leverage advanced technologies (like building information modeling collaboration and cloud-based solutions) which has increased the development of GPS or drone technology to improve back-office, jobsite, and project-specific operations. Construction accounting software vendors are recognizing the positive impact that comes with providing streamlined integration with other types of construction software. Any progress and development made on the construction accounting software front won’t mean much if that software cannot share cost or job information with, for example, a construction project management or construction enterprise resource planning (ERP) solution. ### Potential Issues with Construction Accounting Software **Size of company —** The needs and requirements of a smaller construction company are not the same as the ones for a larger construction company. Some construction accounting solutions are more suited for a smaller business that take on less high tech projects; the same goes for solutions that are more suited for larger businesses that take on projects like warehousing and distribution centers for tech giants. Buyers must be able to suss out which accounting software will make the jobs of their accounting team (or person) easier. **Vendor support—** Vendor support is crucial to ensuring that the deployed construction accounting solutions make good on the company’s investment. Regardless of the immediate, short-term benefits that a construction accounting system may bring to a construction company, if sustained vendor support (for both long-term support and initial training and integration support) isn’t provided, then construction companies will be left with an expensive, sophisticated system that can be just as arduous and ineffective as their previous legacy systems. **Communication and collaboration —** If the database that a construction accounting solution provides or contributes to isn’t centralized, then the number and types of reports generated serves no purpose. If the construction accounting software doesn’t easily integrate with other existing construction systems, then the software cannot be as effective as advertised. Buyers need to ask questions about integrations and user access levels when researching appropriate construction accounting software to get the most out of their investment. ### Software and Services Related to Construction Accounting Software Construction accounting software is utilized throughout the entire lifecycle of a construction project. It keeps companies and contractors accountable for costs on a jobsite and with stakeholders. The software can be used in tandem with other construction-specific solutions: **Construction project management —** [Construction project management software](https://www.g2.com/categories/construction-project-management) enables project managers, stakeholders, and contractors stay on the same page as a project progresses. Construction project management software streamlines collaboration and communication, enables real-time reporting and documentation of jobsite activity, and eases the dissemination and tracking of assignments and tasks. When construction project management software is used alongside construction accounting software, the two solutions allow construction companies to reduce inefficiencies, ensure nothing falls through the cracks, and create a historical record of all activities. **Construction estimating —** [Construction estimating software](https://www.g2.com/categories/construction-estimating) is utilized more in the pre-construction phase of a construction project. Project managers depend on construction estimating software to craft and deliver cost and bid estimates prior to the start of a construction project. They will then turn to those generated estimates throughout the duration of a project to determine where cost is over or underspending as jobsite activity commences. **Project cost management —** [Project cost management software](https://www.g2.com/categories/project-cost-management) tracks and reports on the profitability of big projects like commercial buildings, plants, warehouses, and building portfolios. Project managers use project cost management software to ensure that their spend does not exceed their budgets and that their project remains profitable. Construction accountants can use project cost management software to monitor the individual and overall costs of construction projects within their business’ portfolio as well as keep track of both human and physical resources used during projects. **Bid management —** [Bid management software](https://www.g2.com/categories/bid-management) enables the creation and sharing of bids, request for proposals (RFPs), and requests to tenders (RTTs), which are crucial to the hiring and management of contractors and physical resources. Construction accountants and project managers can look at the reports generated regarding bids for contractors and resources, to better identify and understand any trends in cost as well as connect spend estimates with actual spend.