If you’re a business owner in the building industry, it’s time to start thinking about what type of accounting software you’re going to use. Software performance is an important factor when buying new software for your business. Without a reliable system, your company can have difficulty staying up-to-date with invoicing and reports, as well as tracking financial data.
This article will go through all the considerations that need to be taken into account before purchasing the best accounting software for building contractors–whether you want cloud or desktop software packages, how many staff members are going to use the system, or whether it needs to be compatible with CRM systems and payroll programs.
Our Top 5 Best Accounting Software For Building Contractors
Best Accounting Software For Building Contractors Reviews
1. Best Overall: Jonas Premier
Jonas Premier is accounting software for building contractors. It provides a complete solution for contractors who estimate, bill and track various aspects of their business activities. This software automatically tracks everything from time worked to the number of rooms completed to labor costs. Jonas Premier keeps all information in one secure database that can be accessed at any given time by the contractor or a subcontractor with access rights.
The user interface is very user-friendly and easy-to-use, providing all the necessary tools for estimating and billings without complicated data entry or manual work—something that can save the contractor significant time having to perform important financial tasks manually. In addition, this software saves contractors time and reduces expenses by automating all the crucial accounting, tracking, and management processes.
Jonas Premier offers many features that facilitate the contractor’s business management. It allows you to manage your jobs cost-effectively right from your office desk with up-to-date information on all of your significant activities.
This program streamlines processes and provides users with real-time data access via mobile devices as well. Jonas Premier enables you to work with project management, estimate a project, create invoices and payments, and generate reports.
2. Best for Customization: FOUNDATION
Introducing FOUNDATION, the simple accounting software for contractors and builders. Simply enter your project’s details, use the advanced filters to search from over 300 pre-built reports and graphs, or create custom reports of any sort with our versatile report builder. Save time by generating invoices in a matter of minutes and then print directly at your worksite or access off-site from any device with our built-in invoicing system.
FOUNDATION includes a range of business and growth tools that will help contractors run their business more efficiently. For example, with auto-entering vendor contact, product, and receipt details from the barcodes, just scan a barcode and record your purchase as an invoice, take a photo of your receipt, and the program will convert it into an expense claim.
Manage your asset base with our asset register, which can also be linked to purchases or sales transactions. In addition, you can track cash movements through the system with Cashbook for all projects, no matter what they’re invoiced in.
3. Best Beginner-Friendly: Buildertrend
The accounting software for building contractors by Buildertrend is the perfect choice if you’re looking for an all-in-one solution that will simplify your life, no matter what kind of contractor you are. It has easy-to-use features that let you manage payrolls, business expenses, and track receipts. It’s lightning-fast, and importantly, it doesn’t require the sophisticated knowledge its competitors do.
There are powerful features that help you manage jobs efficiently for small contractors and larger ones. For example, it has a payroll module that automatically fills out W-2 forms and calculates Social Security income taxes. You can also choose from automated options that will calculate the right amount of comp time pay for employees when they are on vacation or not working.
The tool provides an important package of tools for financial management, including a project management function: you can monitor progress from the start to the finish of a particular project using reports and charts. You can export files to Excel or PDF format for easy sharing with your clients or staff members.
4. Best for Small Business: Sage 100 Contractor
Sage Contractor is the most trusted and reliable software for construction contractors, detailing companies, engineering firms, and general contractors. No matter the size of your company or the type of work you do, Sage Contractor has the right solution to suit your needs.
In addition, Sage Contractor has a host of benefits, including:
- Project Management.
- Projects with Multiple Jobs.
- Cash Flow and Budgeting Analysis.
- Inventory Tracking.
If you’re looking for accounting software that is powerful but easy to use too, then Sage Contractor should be on top of your list.
5. Best for Growing Businesses: QuickBooks Enterprise
QuickBooks is top-of-the-line accounting software for small businesses, and it has plenty of features waiting to be revealed.
Take a look at the list below to get an idea of what you can do with QuickBooks Enterprise.
- Online banking integration.
- Import your bank transactions automatically.
- Sync your data across more than just two computers.
- Bulk import payroll information without having to manually enter it all in QuickBooks POS.
- A secure, cloud-connected solution that’s available for instant access.
Here is just a glance at what this software can do – but don’t take our word for it. Try it yourself, and you can see why so many people love it.
The best accounting software for building contractors will be different depending on your business type and budget. Therefore, while choosing the best one, it is essential first to consider what you want your accounting software to do and then find the best fit for you. Among numerous features, you may pay attention to the followings:
- Manage contractors, suppliers, and employees.
- Track payments between parties.
- Process invoicing.
- Automate payroll.
- Track stock inventory.
- Manage suppliers, commission, and payments.
- Keep track of all expenses.
- Provide project management tools for bid tracking and financial control.
How To Choose Accounting Software For Building Contractors
When it comes to choosing the best accounting software for building contractors, you need to take a lot of considerations. Listed below are some considerations that you need to consider when deciding which accounting software to use.
You’ll want to have an integrated and scalable solution. Ensure that the system you’re considering will work with all your current business software systems such as project management software, time and expense tracking, and website content management tools.
If you’re thinking of hiring a team of long-term employees, make sure that the accounting software can accommodate their time cards and leave requests. Likewise, if you plan to sell goods online through your website, make sure that your accounting system is compatible with your e-commerce platform so you can provide seamless data transmittal between the two platforms.
What Is The Best Quickbooks For Building Contractors?
For those who need a quick answer, the best QuickBooks for contractors is QuickBooks Self-Employed. It makes it easier to track the money you earn from your contracting work and record any expenses that you incur when completing a job.
Can Quickbooks Track Contracts?
Quickbooks can track contracts, income, and expenses. It also has many tools that make creating financial reports easy. Most small businesses use Quickbooks because it’s simple to use, affordable and accurate. You can also enter contracts into Quickbooks in advance to make all of the relevant information available before the first payment occurs.
Does Quickbooks Have Contract Templates?
Yes, Quickbooks has templates for contracts. Some templates have pre-populated sections that make them fast and easy to fill out. You can edit the contract’s text and add your company’s custom terms and conditions where needed. However, these templates may not be perfect for every use case. When creating contracts, there are many factors to consider, so be sure to consult with a lawyer or an accountant if you need a more customized version of your contract beyond what Quickbooks offers.