Best Construction Accounting Software (2023) (2023)

Jonas Premier is the most comprehensive construction accounting software on our list, earning the best overall. It is a cloud-based solution that can help you scale your business by having the right data at your fingertips. Its feature-rich platform starts by allowing you to manage multiple companies where you differentiate projects. You can create reports instantly, helping you with planning and forecasting. The whole system has bank integration so that you don’t have to waste time with time-consuming reconciliations.

An essential aspect of any project is job costing. Jonas Premier makes this easy with real-time estimates and forecasting. You’ll be able to get into the weeds with budget management tools that allow you to go from budget to change order requests instantly.

Project management is critical to meeting budgets on your construction sites. Jonas Premier provides you with a customizable dashboard that gives you the insights you need to manage every aspect of the job. Get notifications for compliance and overdue items. Record electronic signatures for approvals and use the cloud-based document storage tool to keep everything you need one click away.

There are two pricing tiers. The first is $199 per month for an annual commitment. If you don’t want to make the annual commitment, the cost is $249 per month.

Who should use it:

This is best for any contractor looking for a comprehensive, ready-to-use solution for accounting and project management.

CoConstruct is your partner in managing unlimited construction projects with its four-part software platform. The platform starts with preconstruction details that include a cost catalog, lead management and a section for proposals and contracts. It offers standard estimating tools to help you land the job. When you’re done with the preconstruction phase, you move into project management, operations and financials segments of the software that work concurrently.

Under the project management segment, you can employ the task manager and job log to track key activities. Scheduling is made easy, and you can manage the time clock for employees and subcontractors. The operations component allows you to manage emails directly from the platform with custom branded solutions. Use this component for file and photo management.

When it comes to financials, the software offers bid management, change orders and purchase orders (POs). You can invoice clients and make payments directly from the app and monitor the budget to make sure you stay on track. For those who want it, there is QuickBooks integration.

Pricing starts at $99 per month, but this introductory price jumps to $349 per month after two months. If you want to unlock advanced estimating and bill management, you will want the Plus plan for $399 per month.

Who should use it:

This is best for contractors who have high scheduling demands and need a central place to organize it with the costs associated with workers.

Foundation breaks its software down into modules that you can put into a custom solution. Set up projects with the right budget set using the job costing module. Develop POs and subcontractor costs to use in projects, so there are no unexpected costs that come up. Once you’ve planned a project, manage it with the general ledger (GL) and payroll features. The payroll module uses Davis Bacon wage rates and includes union fringe and state tax rates.

See if you’re on track with the report designer that allows you to customize construction reports and financial statements. Conduct an audit of a project that will build a report easy for your certified public accountant (CPA) to digest and work from.

Use the mobile app to capture data when out in the field. Features, such as timecards, can be synced automatically while working remotely so that nothing slips through the cracks.

Who should use it:

This is best for contractors who are constantly at job sites who want a simple mobile app to use to manage and capture data that integrates immediately with the platform.

BuilderTREND has two subscription plans from which to choose. The first is the Core Plan starting at $99 per month for the first two months and then moves up to $349 per month. The Pro Plan starts at $399 per month for the first two months and then moves to $599 per month.

Both plans offer the basics needed to run your construction business, including scheduling, daily logs and a to-do list. BuilderTREND makes communicating with clients easy with messaging in the app and a client portal that allows clients to see where they are at in the process and be able to sign contract and scope changes.

Manage employees with a built-in time clock and store photos, videos and documents in the system for easy access.

The Pro Plan adds POs and billing to the feature list. You’ll be able to budget and do advanced reporting from the Pro Plan. The Pro Plan even allows Home Depot cart integration and management of Home Depot receipts.

Who should use it:

This is best for contractors who want clients to have access to cost data and project management oversight.

CMiC makes job costing flow seamlessly into the GL so that data is always where it needs to be and easy for you to access. This accounting software breaks a project down into four components: revenue management, cost management, financial reporting and financial management.

The revenue management component manages owner contracts, invoicing, cash receipts and projections. The cost management component factors in labor and equipment costs along with needed materials and subcontractor bids.

The financial reporting segment takes the same data from revenue management and compiles reports instantly for quick review. Under the financial management segment, you can make intercompany entries and manage workflows and content management. It allows adjustments to be made easily and can provide month-end and year-end reporting quickly.

You’ll need to contact the company to get a quote.

Who should use it:

This is best for contractors who want to integrate an accounting and project management platform with construction drawing and output.

Procore is not a one-size-fits-all product. As it touts on its website, “you wouldn’t place a bid without first understanding the full scope of work.” This is the same approach Procore takes to build the construction accounting software that meets your needs.

This cloud-based solution has a base of user interface (UI) customizations, custom workflows, search tools and collaboration features. The next function layer is the Procore analytics feature that works with the specialized app marketplace filled with third-party solutions that integrate with Procore. This might include using drone technology or a custom CRM solution.

While in the preconstruction phase of a project, you can perform prequalification of clients, do bid management and create comprehensive estimating. When in the project management segment, you can incorporate quality and safety standards, have design coordination and oversee the entire project. Resource management solutions include a labor chart and field productivity data.

Procore will conduct an interview to understand your business before quoting a price.

Who should use it:

This is best for contractors who need a fully customizable solution that meets their specific needs.

RedTeam is a company built out of a commercial construction firm, so it understands the needs of a construction company intimately. This is one reason it has received several industry awards, including Software Advice’s 2021 Front Runner award and making Capterra’s Shortlist.

Manage bids by requesting quotes from your database of vendors. Set the parameters and qualifications based on insurance requirements, location and experience. The platform manages the request through the documentation provided by vendors. You’re able to then compare vendors side-by-side to make the most educated decision.

Make project management easy with RedTeam. Get requests for information (RFIs) and track them within the platform. This helps make sure that information is current and that nothing is forgotten. Change orders are made easy where you can manage all the moving parts of the change order to keep everyone in the loop on new requests. It even allows you to invite owners to collaborate on change orders to fully understand what is required by them before you put resources to work.

You’ll need to contact RedTeam for a quote for pricing.

Who should use it:

This software platform is best for contractors seeking detailed bids from subcontractors and vendors to have the most comprehensive preproject data.

QuickBooks for Construction comes in at the best value of all the options on our list. You can get the Plus plan for $42.50 per month for the first three months when it bumps up to $85 per month. The Advanced plan is available for $100 per month for the first three months before increasing to $200 per month.

Both plans allow you to track income and expenses, send invoices and accept payments and maximize your tax deductions with tagging features for expenses. The system also allows you to scan and organize receipts so that all project expenses are kept in one place. The reporting will enable you to track the profitability of each project so that you can stay ahead of costly mistakes.

The Advanced plan adds business analytics with Excel, the ability to manage employee expenses and the ability to batch invoices and expenses. The Advanced plan also has task automation, reducing the amount of time you spend on data entry. Get a dedicated account team to help you with problems and provide on-demand online training.

Who should use it:

This software is best for contractors looking for a robust solution at an affordable cost.

Sage 300 Construction and Real Estate is designed for contractors and owners to be able to manage properties and projects effectively. When it comes to real estate management, the platform takes static information, such as lease contracts, and transforms them into dynamic information resources. This improves communication, opens up lease opportunities and can accommodate most real estate situations.

Regarding accounting, Safe 300 breaks tasks down into assignments and work orders. You can provide quotes from the operations portal. It also retains information about POs, time worked and equipment usage for specific sites.

Sage 300 is as comprehensive as it gets with prebuild reports; there are more than 1,400 to choose from. This means you can get any detailed report that you can think of with just a couple of clicks, helping you manage all the project costs.

You’ll need to contact Sage 300 to get a quote regarding its pricing.

Who should use it:

This software is best for those who manage construction projects on real estate that they own or lease.

Construction Accounting by Computer Ease is a software solution that tells you where each job stands in various ways. It can tell you what the real costs are versus the actual costs, the percentage of each job completed, cash flow and profitability.

Construction Accounting understands that not every project works the same way. This is why it has flexible billion options, such as American Institute of Architects, time and materials and freeform billing. The software makes invoice routing easy and conveniently reconciles things with the GL when paid.

Users particularly like the customization of reports and how robust the GL is, offering details on every aspect of a transaction. You’ll be able to streamline payroll administration making sure everyone is paid timely and correctly.

You’ll need to contact this vendor to get a quote for pricing.

Who should use it:

This software is best for contractors who have multiple projects happening simultaneously.