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Managing financial operations with outdated construction accounting software can be a major headache for any CFO. When systems lag behind the demands of modern construction projects, they can cause delays in invoicing, errors in cost tracking, and a lack of clear financial visibility. This not only slows down decision-making but also affects cash flow and profitability.

As a fintech expert, I’ve spent years analyzing and implementing digital tools that streamline financial operations. I understand the pressure CFOs face to optimize processes while maintaining strict budget controls. Overall, my goal is to help you identify software that not only solves your current pain points but also prepares your company for future growth.

To save you time and effort, I’ve tested and reviewed a range of construction accounting software solutions with your priorities in mind. Using my knowledge of financial operations, I evaluated these tools for features like cost management, scalability, and reporting accuracy. This list includes only the best options to help you choose the next tool that will enhance your financial processes and give your business a competitive edge.

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We've been testing and reviewing accounting software since 2023, on a mission to make it easier to manage business finances. As financial operators ourselves, we know how critical (and difficult) it is to make the right decision when selecting software.

We invest in deep research to help our audience make better software purchasing decisions. We’ve tested more than 2,000 tools for different finance use cases and written over 1,000 comprehensive software reviews. Learn how we stay transparent & our accounting software review methodology.

How to Choose Construction Accounting Software

It’s easy to get bogged down in long feature lists and complex pricing structures. To help you stay focused as you work through your unique software selection process, here’s a checklist of factors to keep in mind:

FactorWhat to Consider
ScalabilityEnsure the software can grow with your company, handling more projects and users as your business expands.
IntegrationsCheck if the software integrates smoothly with tools you already use, like accounting or project management systems.
CustomizabilityLook for options to tailor the software to fit your specific workflows and business needs.
Ease of UseYour team should find the software intuitive, minimizing the need for extensive training.
BudgetConsider total cost, including hidden fees and future expenses, to ensure it fits within your financial plans.
Security SafeguardsVerify the software provides strong security measures to protect sensitive project and client data.

Best Construction Accounting Software Summary

This comparison chart summarizes pricing details for my top construction accounting software selections to help you find the best one for your budget and business needs.

Tool Best For Trial Info Price
1
Jonas Construction

Jonas Construction Management Software helps avoid overpayments by linking invoices to subcontractor agreements of POs.

Best for avoiding contractor overpayments

Free demo available

Pricing upon request Website
2
Procore

Drawings and other documents are available on mobile devices right within the Procore app.

Best for large general contractors

Free demo available

Pricing upon request Website
3
Acumatica

Acumatica Cloud ERP provides an all-in-one solution for construction accounting and other industry-specific functions.

Best for all-in-one construction financial management

Free demo available

Pricing upon request Website
4
Knowify

Knowify features a UI that I personally find quite visually appealing.

Best for cloud-based teams

14-day free trial

From $186 per month Website
5
Foundation

A look at the executive dashboard within Foundation

Best for timesheet management

Free demo available

Pricing upon request Website
6
Sage Paperless Construction

Sage Paperless Construction helps digitize all construction-related paperwork

Best document management features

Free demo available

Pricing upon request Website
7
CoConstruct

CoConstruct offers plenty of room for collaboration.

Best for home builders and remodeling teams

Free demo available

From $399/month Website
8
CMiC

CMiC’s subcontractor collaboration suite is part of how it centralizes communication.

Best for collaboration features

Free demo available

Pricing upon request Website
9
DelTek ComputerEase

A payroll screen used to issue W2s within DelTek ComputerEase.

Best for cost management features

Free demo available

Pricing upon request Website
10
CoreCon

You have the ability to record meeting minutes within CoreCon.

Best for preconstruction and job tracking features

Free demo available

Pricing upon request Website

Best Construction Accounting Software

Below are my detailed summaries of the best construction accounting software that made it onto my shortlist. My reviews offer an in-depth look at the key features, pros & cons, integrations, and ideal use cases of each tool to help you find the best one for you.

Best for avoiding contractor overpayments

  • Free demo available
  • Pricing upon request

Jonas Construction Software is a comprehensive tool designed specifically for construction companies and specialty contractors. It offers a wide range of features including accounting, payroll, service management, project management, and integrated operations.

Why I picked Jonas Construction: I included Jonas Construction in this list because, first and foremost, their software is designed specifically for the construction industry, with over 30 years of experience serving this niche. By tailoring its platform to meet the needs of mechanical and specialty contractors, Jonas Construction provides accurate construction reports and real-time cost and revenue data to support informed decision-making and profitability tracking at various levels.

Standout features & integrations:

Features include daily logs, project scheduling, and job costing, allowing for seamless integration between the field and back office for reliable decision-making. Other helpful features include work order management and billing tools, job costing tools, a client services portal, and tools to handle construction change orders, and RFIs. Jonas Construction even includes features to help manage your equipment and inventory, as well as documents and reports.

Integrations with QuickBooks, Procore, DocuSign, Microsoft Office 365, and FieldConnect.

Pros and cons

Pros:

  • Ability to handle WIP reporting and subcontractor module controls
  • Quick and informative customer support
  • Integrated modules for accounting, job costing, and dispatch scheduling saves time

Cons:

  • Some limitations in the number of characters allowed for job names and contract numbers
  • Limited third-party software integrations

Best for large general contractors

  • Free demo available
  • Pricing upon request
Visit Website
Rating: 4.5/5

Procore is one of the biggest names when it comes to construction-specific accounting and project management tools. It can handle enormous amounts of data and large file sizes, but can still work for small contractors that are just starting out. Procore is a great choice if you (or your IT team) need to customize your construction reports or project data in a certain way.

Why I picked Procore: Their platform can grow and adapt with your company to meet your needs as it grows. Procore syncs revisions between drawings and estimates to update all documents affected by a change in the quantity or unit price of materials. It also lets you turn accepted proposals into project budgets automatically.

Standout features & integrations:

Features include correspondence management tools—from specific project instructions to general day-to-day correspondence. Another key feature of Procore is that all data is standardized and easily searchable, helping to reduce miscommunications and errors due to manual entry.

Integrations include QuickBooks, Sage, Viewpoint Vista, Yardi, Acumatica, PeopleSoft, and Xero.

Pros and cons

Pros:

  • Project management and progress billing features
  • Unlimited number of users
  • Communication and planning tools

Cons:

  • Steep learning curve
  • Opaque pricing

Best for all-in-one construction financial management

  • Free demo available
  • Pricing upon request
Visit Website
Rating: 4.4/5

Acumatica Cloud ERP is a cloud-based enterprise resource planning (ERP) software that provides integrated business management tools for various industries, including manufacturing, construction, distribution, and retail. The software encompasses a range of functionalities including project accounting, financial management, and construction management. 

Why I picked Acumatica Cloud ERP: As a construction accounting software, Acumatica Cloud ERP offers an all-in-one approach that seamlessly integrates all business functions into a single cloud-based platform. Its project accounting module, for example, integrates with the general ledger, accounts payable, accounts receivable, and payroll. This integration ensures that financial management is tightly coupled with project management, enabling contractors and construction managers to track project costs in real time.

Standout features & integrations:

Features include accounting, budgeting, cash flow management, and payroll. The software also tracks and manages project costs, budgets, inventory, and resources. Furthermore, the integrated CRM feature allows for the management of customer relationships while the detailed reports and dashboards provide insights into the overall financial health of your construction operations.

Integrations include Smartsheet, Assignar, ProEst, Procore, Celigo, Shopify, Amazon, DataSelf Corp, 1Retail, BigCommerce, DocuSign, Velixo, Heuristyc, Transcard, ShipEngine, ADP, and EazyStock.

Pros and cons

Pros:

  • Highly scalable
  • Robust reporting system
  • Platform is accessible from anywhere

Cons:

  • Customizations may be complex
  • Learning curve for new users

Best for cloud-based teams

  • 14-day free trial
  • From $186 per month
Visit Website
Rating: 4.6/5

Speaking from experience, I know how disheartening it can be to work with clunky, outdated software. Knowify is a cloud-based tool with a modern interface and extensive functionality.

Why I picked Knowify: It’s completely cloud-based and its time-tracking features allow your workers to clock in and out using a mobile app. You can also manage your entire invoicing process within Knowify, from creating and submitting purchase orders and change requests, to customizing and sending invoices. It also gives you the option to add an electronic payment link to invoices so you can (hopefully) get paid faster.

Standout features & integrations:

Features include plenty of custom templates for invoicing, proposals, and more. You can use these to make your bids and proposals look professional and really stand out from the competition, which should in turn help you to land more construction jobs. Knowify’s subcontractor management system helps cut down on paperwork, so you don’t have to worry about physical timesheets, shuffling paper back and forth between the job site and the office, or chasing down missing forms.

Integrations include QuickBooks, Square, ClockShark, CompanyCam, Billd, Fundbox, Lendflow, and Permits.com.

Pros and cons

Pros:

  • User-friendly
  • Excellent time tracking and location features
  • Great for plumbers, landscapers, or others that need access on the go

Cons:

  • Limited customization
  • Built for contractors; may be difficult to adapt to other scenarios

Best for timesheet management

  • Free demo available
  • Pricing upon request

For a company with a lot of employees and subcontractors to keep track of, I recommend Foundation for its extensive payroll and timekeeping features.

Why I picked Foundation: Foundation’s payroll module has “smart system defaults” that can fill in timecard information with just a few keystrokes. It automatically syncs mobile timesheet data, and calculates pay rates, taxes, and deductions.

Standout features & integrations:

Features include automated timecard entry, payroll reports, and tax forms to help to cut down on paperwork and ensure everyone gets paid on time. Foundation’s accounts payable and receivable features also allow for efficient invoice entry and accurate financial reporting.

Integrations include CrewHQ, Estimating Edge, McCormick, Payroll4Construction, Arcoro, ExakTime, and FollowupCRM.

Pros and cons

Pros:

  • Steep learning curve
  • Opaque pricing
  • Payroll and timekeeping features
  • 30+ integration options
  • Customizable, modular format

Best document management features

  • Free demo available
  • Pricing upon request

Sage has been a popular name in the accounting software business for over 40 years, and it designed Sage Paperless Construction to help simplify project processes and eliminate the need to shuffle physical paperwork around.

Why I picked Sage Paperless Construction: Construction job sites can be chaotic and messy places. It’s easy for paperwork to get wet, smudged, ripped, or simply lost. A paperless solution helps prevent many of the headaches that come with paper-based, manual processes.

Standout features & integrations:

Features include the ability to organize, store, and retrieve a wide range of construction-related paperwork. Its APFlow feature allows supervisors and managers to review, approve, and process these documents digitally—in the field or from the office. Plus you can capture, upload, and import any type of document from a mobile device.

Integrations include Sage 100 Contractor, Sage 300 Construction and Real Estate, or Sage Intacct.

Pros and cons

Pros:

  • User friendly
  • Designed for mobile use in the field
  • Documentation controls and audit trails

Cons:

  • Pricing details are not transparent
  • Requires a Sage product as your primary accounting software

Best for home builders and remodeling teams

  • Free demo available
  • From $399/month

CoConstruct allows for effective communication with your property owners and subcontractors. That’s useful for managing a complex mix of framing, roofing, plumbing, electrical, carpentry, drywall, painting, and other subcontractors and ensuring everyone is on the same page.

Why I picked CoConstruct: If your business is constantly making proposals and bidding on jobs, as well as looking for new business leads, this is a great option. CoConstruct is designed to focus on summarizing and estimating project costs, while also helping you streamline project billing.

Standout features & integrations:

Features include its focus on project bidding and proposal data, which gives you the ability to create, compare, send, and store bids in a central place. Larger construction companies can submit hundreds of bids per year, and CoConstruct can bring a lot of efficiencies to the process. You can also use CoConstruct to communicate with all contract parties via email, text, and push notifications. This makes it easier to set deadlines, accept bids, and roll that information into a contract so everybody’s on the same page.

Integrations include QuickBooks, Xero, The Home Depot Pro Xtra, and Gusto HR/Payroll.

Pros and cons

Pros:

  • 30-day money-back guarantee
  • Wide range of bidding and proposal tools
  • Simple and easy-to-use interface

Cons:

  • Limited reporting functionality
  • Few integration options

Best for collaboration features

  • Free demo available
  • Pricing upon request

If your construction business is growing quickly and you’re finding it hard to keep everyone on the same page, then CMiC is the software I recommend. Its collaboration suite keeps all of your project bids, schedules, and summary data in one place so that nothing gets lost.

Why I picked CMiC: It centralizes all of your communications and documents for a project so your whole team can access the information they need at any time. Plus, all project documents are time-stamped and synced across the platform, so you know that your administrative team in the office and your people working on-site are looking at the most recent cost data and project change orders.

Standout features & integrations:

Features include its plan distribution and viewing platform, which lets you compare different versions of site specifications and design plans from a mobile device in the field. It’s great at job costing, with tracking and monitoring tools for all job materials, labor, subcontractor, and equipment costs. Additionally, the payroll management features are a nice bonus, too.

Integrations include Autodesk, Bluebeam, Comdata, DocuSign, Kofax, and PlanGrid. CMiC also offers API bundles for CRM, estimates and budgets, payroll processing, and other tasks.

Pros and cons

Pros:

  • Highly customizable
  • Real-time visibility into accounting and operations
  • Ease of use

Cons:

  • Limited reporting features
  • Complex setup

Best for cost management features

  • Free demo available
  • Pricing upon request

Project managers are responsible for making sure that their construction project stays on budget. They need the right tools to accomplish that. DelTek ComputerEase has features that make it easy for managers to keep track of material, labor, equipment, and other costs.

Why I picked DelTek ComputerEase: It has the standard features you’d expect from accounting software, like a general ledger, accounts payable, and payroll. But where I think DelTek ComputerEase really shines is in its cost management features.

Standout features & integrations:

Features include mobile tools that allow you to proactively manage jobs, inventory, finances, and people from any location. Real-time job costing data, which is specialized for construction, also allows you to track labor, material, subcontractor, and equipment costs, enabling more proactive business decisions. Plus, its financial reporting features help with managing costs and cash flow.

Integrations include Procore, Bill & Pay, AvidXchange, Buddy Punch, Corpay, ConstructConnect Quick Bid, and Payroc.

Pros and cons

Pros:

  • Great job-tracking features
  • Flexible and customizable
  • Easy to navigate

Cons:

  • Limited integrations
  • Fewer features than similarly-priced software

Best for preconstruction and job tracking features

  • Free demo available
  • Pricing upon request

Before you can start your next construction job, first you need to find and secure it. CoreCon helps you handle leads, bidding, and other parts of the preconstruction phase with ease.

Why I picked CoreCon: CoreCon has the features needed to streamline the entire pre-construction and job bidding process. Its real value comes before any real work begins, which shouldn’t be underestimated—because if you can’t efficiently follow up on leads and create bids, there are no jobs to work on.

Standout features & integrations:

Features include a cost database to quickly and accurately create cost estimates and proposals. You can quickly view and summarize all of your material and labor costs, so you don’t ever have to go searching or calling up suppliers. This can help you to win more jobs that you know will be profitable. Additionally, the software's invitation to bid (ITB) feature lets you easily broadcast upcoming job opportunities to suppliers and subcontractors, so interested parties can reach out to you.

Integrations include QuickBooks, Sage, SAP Business One, and Xero.

Pros and cons

Pros:

  • Real-time collaboration via Android and iOS app
  • Advanced reporting features
  • Comprehensive project management capabilities

Cons:

  • Steep learning curve
  • Pricing details are not transparent

Other Construction Accounting Software Options

Here are some additional construction accounting software options that didn’t make it onto my shortlist, but are still worth checking out:

  1. Buildertrend

    For project management teams

  2. RedTeam

    For real-time reporting and analytics features

  3. QuickBooks Online

    For small contractors

  4. Viewpoint Vista

    Comprehensive set of features

  5. Ventus

    For residential projects

  6. Briq

    For automations

  7. ZipBooks

    Free construction software

  8. Sage 100

    For startups

  9. plexxis

    For subcontractors

  10. JOBPOWER

    Easy-to-use features

  11. Rhumbix

    Payroll module

Construction Accounting Software Selection Criteria

When selecting the best construction accounting software to include in this list, I considered common buyer needs and pain points like project cost management and integration with existing tools. I also used the following framework to keep my evaluation structured and fair:

Core Functionality (25% of total score)
To be considered for inclusion in this list, each solution had to fulfill these common use cases:

  • Manage project budgets
  • Track time and expenses
  • Generate financial reports
  • Handle payroll processing
  • Support billing and invoicing

Additional Standout Features (25% of total score)
To help further narrow down the competition, I also looked for unique features, such as:

  • Mobile access capabilities
  • Integration with BIM (Building Information Modeling)
  • Real-time collaboration tools
  • AI-driven analytics
  • Customizable dashboards

Usability (10% of total score)
To get a sense of the usability of each system, I considered the following:

  • Intuitive interface design
  • Customization options
  • Speed of navigation
  • Simplified data entry
  • Error prevention measures
  • Cloud-based access

Onboarding (10% of total score)
To evaluate the onboarding experience for each platform, I considered the following:

  • Availability of training videos
  • Interactive product tours
  • Access to webinars
  • Presence of chatbots for guidance
  • Comprehensive user manuals

Customer Support (10% of total score)
To assess each software provider’s customer support services, I considered the following:

  • Responsiveness of support team
  • Availability of 24/7 support
  • Access to a knowledge base
  • Personalized support options
  • Regular system updates

Value For Money (10% of total score)
To evaluate the value for money of each platform, I considered the following:

  • Competitive pricing models
  • Availability of tiered pricing plans
  • Cost transparency
  • Inclusion of essential features in base price
  • Discounts for long-term commitments

Customer Reviews (10% of total score)
To get a sense of overall customer satisfaction, I considered the following when reading customer reviews:

  • Overall user satisfaction ratings
  • Reported ease of use
  • Satisfaction with customer support
  • Frequency of software updates
  • Feedback on feature effectiveness

In my research, I sourced countless product updates, press releases, and release logs from different construction accounting software vendors. Here are some of the emerging trends I’m keeping an eye on:

  • Real-Time Reporting: More vendors are incorporating real-time financial reporting features, allowing companies to monitor their financial status instantly. This is particularly useful for making timely decisions and improving financial transparency.
  • Cloud-Based Solutions: There's a noticeable shift towards cloud deployment, offering flexibility and remote accessibility. This trend is important for construction firms that need to access data from different sites.
  • AI Integration: The use of AI in managing accounting tasks is on the rise, as it helps automate routine tasks and provides predictive analytics. This can be mostly beneficial for budgeting and forecasting.
  • Enhanced Financial Tracking: There's growing demand for integrated solutions that combine project management and financial tracking. This integration helps streamline operations and minimize errors.
  • Product Innovation and Customization: Vendors are focusing on product innovation to cater to specific needs of small to large construction companies. This trend is driven by the need to offer more tailored and customizable solutions that align with varied business processes.

What is Construction Accounting Software?

Construction accounting software refers to specialized financial management tools that enable construction companies to manage their accounting processes in a way that aligns with their unique business requirements and challenges, ensuring accurate and transparent financial records.

It typically includes features such as job costing, project management, payroll processing, expense tracking, and financial reporting tailored to the construction sector – facilitating efficient management of budgets, subcontractor payments, change orders, and compliance with industry-specific regulations.

Features of Construction Accounting Software

When selecting construction accounting software, keep an eye out for the following key features:

  • Job Costing: This feature allows you to assign costs to specific jobs or projects, helping you track profitability and manage budgets effectively.
  • Time and Expense Tracking: By monitoring time and expenses, you can ensure accurate billing and improve project management through detailed insights across multiple sites.
  • Resource Management: Efficiently manage human and non-human resources, such as equipment and facilities, to optimize project allocation and utilization.
  • Budgeting and Forecasting: Create detailed budgets and forecasts to predict future financial conditions and make informed business decisions.
  • Integration Capabilities: Seamlessly connect with other software solutions you use, such as payroll, CRM, or project management tools, for a unified workflow.
  • Accounts Payable and Receivable: Manage incoming and outgoing payments to maintain healthy cash flow and ensure timely processing of transactions.
  • Reporting and Analytics: Generate comprehensive reports and analytics to gain insights into financial performance and support strategic planning.
  • Compliance Management: Ensure adherence to industry standards and regulations by maintaining accurate records and documentation.
  • Document Management: Store and organize critical documents and contracts to streamline access and enhance project collaboration.
  • Mobile Access: Access financial data and perform accounting tasks on-the-go with mobile-friendly applications, ensuring flexibility and responsiveness.

Benefits of Construction Accounting Software

Implementing construction accounting software provides several benefits for your team and your business. Here are a few you can look forward to:

  • Improved Cost Tracking: You can assign cost rates to people or roles, allowing you to manage project finances with precision and see real-time profitability.
  • Time and Expense Tracking: By integrating with time tracking tools, you can compare planned vs. actual time and expenses, helping you stay on budget.
  • Real-Time Updates: Integration with CRM and ERP systems allows for fast updates, ensuring that all your financial data is current and accurate.
  • Project Profitability Analysis: The software provides tools like project financials and P&L reports, helping you understand profitability at every project stage.
  • Scalability of Resources: It helps manage resources efficiently, even as your business grows, making it easier to assign and manage tasks across multiple projects.

Costs and Pricing of Construction Accounting Software

Selecting construction accounting software requires an understanding of the various pricing models and plans available. Costs vary based on features, team size, add-ons, and more. The table below summarizes common plans, their average prices, and typical features included in construction accounting software solutions:

Plan Comparison Table for Construction Accounting Software

Plan TypeAverage PriceCommon Features
Free Plan$0Basic accounting features and limited project tracking.
Personal Plan$10-$20/user/monthProject management, basic accounting tools, and customer support.
Business Plan$30-$50/user/monthComprehensive accounting, enhanced project tracking, and team collaboration tools.
Enterprise Plan$70-$100/user/monthAdvanced analytics, custom integrations, premium support, and scalability options.

Construction Accounting Software FAQs

Here are some additional questions that you might have when considering construction accounting software.

What makes accounting in the construction industry unique?

Accounting is unique in the construction industry for several reasons. First, there is a considerable amount of detail and minutiae involved with tracking the time and materials associated with specific projects.

The long duration of construction projects creates challenges when it comes to tracking costs and revenues. Because a building can’t be constructed quickly and billed all at once, revenue recognition policies aren’t as straightforward in the construction industry.

Construction projects involve significant upfront costs, which require careful management and tracking to ensure profitability.

What are the benefits of using construction-specific accounting software?

There are a few unique benefits that construction accounting software offers over general-purpose accounting software.

The obvious one is that they offer functionality that’s specific to the construction industry. That includes things like job costing, change order tracking, and progress billing.

What kind of reports and analysis can I generate with construction accounting software?

Construction accounting software can provide various financial reporting and analysis features to help you make informed decisions about your construction company’s finances and operations.

Examples of common reports you can generate using construction accounting software include standard financial statements like an income statement, balance sheet, and cash flow statement.

Plus, construction accounting software should also allow you to generate project specific reports for different aspects of a project, such as job costing, time and materials summaries, labor costs, project timelines and detailed status information, change order summaries, and cost variance reports.

Other Accounting Software Options

If you still haven’t found what you’re looking for here, check out these other tools that we’ve tested and evaluated:

What's Next?

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Simon Litt
By Simon Litt

Simon Litt is the editor of The CFO Club, specializing in covering a range of financial topics. His career has seen him focus on both personal and corporate finance for digital publications, public companies, and digital media brands across the globe.