Construction accounting needs tools that understand jobs, not just transactions.
In this article
Why it matters
Profit by job is the number that matters. General tools can hide it.
Job costing
Costs by job and phase.
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Progress billing
Schedule of values and pay apps.
Retainage
Track what is held.
Payroll
Certified payroll if needed.
WIP reports
Over and under billing.
Integration
Estimating and project management.
Where to start
List the five reports you need every month and ask vendors to show exactly how their software produces them.
An example
A builder switched to construction accounting software and discovered two jobs were losing money mid-project, early enough to fix change orders.
What to track
Track job margins, billing cycle time, retainage outstanding and month-end close time.
Questions to ask
Can we see profit by job today? Do we know our over and under billings? Who will own the implementation?
Common mistakes
Choosing software without involving the person who will use it, migrating messy data without cleaning it and setting up cost codes that do not match how estimates are built.
Run tighter jobs and win the right ones.
We help construction companies build the systems, online presence and client relationships that bring better projects.
Frequently asked questions
Does a small contractor need construction-specific accounting software?
Not always at the start, but as projects get larger, features like job costing, progress billing, retainage tracking and WIP reports become important.