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Construction Accounting reviews by real, verified users. Find unbiased ratings on user satisfaction, features, and price based on the most reviews available anywhere.

Best Construction Accounting Software for Small Businesses

    Products classified in the overall Construction Accounting category are similar in many regards and help companies of all sizes solve their business problems. However, small business features, pricing, setup, and installation differ from businesses of other sizes, which is why we match buyers to the right Small Business Construction Accounting to fit their needs. Compare product ratings based on reviews from enterprise users or connect with one of G2's buying advisors to find the right solutions within the Small Business Construction Accounting category.

    In addition to qualifying for inclusion in the Construction Accounting Software category, to qualify for inclusion in the Small Business Construction Accounting Software category, a product must have at least 10 reviews left by a reviewer from a small business.

    Top 9 Construction Accounting Software for Small Businesses

    • Procore
    • Acumatica
    • Premier Construction Software
    • Sage 300 Construction and Real Estate
    • FOUNDATION
    • Spectrum
    • Oracle Textura Payment Management
    • Vista
    • Corecon

    Compare Small Business Construction Accounting Software

    G2 takes pride in showing unbiased reviews on user satisfaction in our ratings and reports. We do not allow paid placements in any of our ratings, rankings, or reports. Learn about our scoring methodologies.
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    (884)4.5 out of 5
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    Procore is construction project management software that handles all your projects, resources and financials from project planning to closeout. This platform connects every project contributor to solutions that Procore has built specifically for this industry—for the owner, for the GC, and for the specialty contractor. The Procore App Marketplace has over 150 partner solutions that integrate seamlessly with their platform, giving you the freedom to connect with what works best for you, even if P

    (437)4.3 out of 5
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    Acumatica Cloud ERP provides the best business management solution for digitally resilient companies. Built for mobile and telework scenarios and easily integrated with the collaboration tools of your choice, Acumatica delivers flexibility, efficiency, and continuity of operations to growing small and mid-market organizations. Connected business. Delivered. Rapid integrations. Delivered. Remote collaboration. Delivered. Business resilience. Delivered. Future proof. Delivered.

    (21)4.8 out of 5
    Entry Level Price:$199 /user/month

    Premier Construction Software is a true cloud, all in one accounting, job cost, project, document and drawing management solution, specifically designed to meet the needs of General Contractors, Land Developers, Construction Management firms and Homebuilders. The cloud-based solution comprises of various integrated modules such as accounting, job costing & estimating, billing, time & expense, reporting and inventory management.

    Construction and real estate management solution that pulls everything together for streamlined, single-source control.

    (16)3.6 out of 5

    FOUNDATION is powerful job costing construction accounting software that’s easy to use and provides the accounting and management tools you need to run a successful construction business.

    (67)4.3 out of 5

    Spectrum delivers complete business management for small & large construction companies. From construction accounting to project management, from the office to the job site, and across the entire life cycle of construction work, Spectrum has helped thousands of clients manage and grow their contracting businesses. Spectrum Construction Software represents more than three decades of continuous innovation and investment in the latest technologies. We have done more than simply put Spectrum i

    (30)3.9 out of 5
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    Oracle Textura Payment Management increases efficiency and control in construction payment management through a collaborative subcontractor invoicing and payment software system. The cloud solution streamlines and automates processes to accelerate payment, mitigate risk, and improve cash flow. Contractors can rely on the exchange of e-signed lien waivers and electronic payments. Key Business Benefits: - Increased efficiency: Eliminate paper and gridlock by standardizing processes and providing

    (70)3.8 out of 5

    Comprehensive construction accounting and operations solution providing maximum configurability, scalability and reliability, while synchronizing your data across your entire enterprise. Vista™ by Viewpoint is a comprehensive software solution that helps contractors manage all areas of their operations. Featuring solutions for Accounting, Human Resources, Project Management, and Service Management, Vista is designed to synchronize all aspects of a construction business — helping contractors to

    (38)3.9 out of 5

    Corecon’s cloud based software suite helps engineering and construction firms manage their projects more efficiently. The software helps people with different roles and responsibilities work together regardless if they are at the office or jobsite. The software suite includes modules for estimating, vendor bid management, contract administration, procurement, time tracking, correspondence, documentation, and scheduling. Being cloud based, contracting firms will have the ability to access their p

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    Check out the G2 Grid® for the top Construction Accounting Software products. G2 scores products and sellers based on reviews gathered from our user community, as well as data aggregated from online sources and social networks. Together, these scores are mapped on our proprietary G2 Grid®, which you can use to compare products, streamline the buying process, and quickly identify the best products based on the experiences of your peers.
    Leaders
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    Corecon
    FOUNDATION
    Spectrum
    Procore
    Acumatica
    Vista
    Sage 300 Construction and Real Estate
    Premier Construction Software
    Oracle Textura Payment Management
    Market Presence
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    Learn More 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.

    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.

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