If you’re a self-employed contractor, then you understand the importance of accounting software. As a professional, you manage your own time and resources through invoices, payments, work orders, and other business documents. Without the proper tools to keep track of these documents and your business finances in general, it’s easy to miss deadlines or make pricey mistakes that affect your cash flow.
This article will learn about what accounting software is suited for general contractors and choose the best software for your specific needs. You’ll also learn about some free accounting software options that are done for small and mid-sized contractors.
Our Top 5 Best Accounting Software For General Contractors
Best Accounting Software For General Contractors Reviews
1. Best Overall: Viewpoint
ViewPoint is the most powerful, versatile, and affordable accounting software for all contractors. With a single installation and easy setup, you get everything you need to manage your business.
Here at Viewpoint, there is no job too big or too small for our software to handle. It accounts for every aspect of your business and makes it easy to track your cash flow.
With the ability to itemize payments, take daily credit card charges, hire a bookkeeper or do quarterly reconciliations, Viewpoint is a flexible and reliable solution for all types of contractors.
Viewpoint is a powerful accounting solution for contractors that is easy to use and learn. This product helps you track jobs, manage payroll and run reports with its powerful reporting system.
2. Best for Billing and Invoicing: FreshBooks
Keep track of your business finances with FreshBooks. This accounting software is at the top of its class and is designed for small businesses, contractors, freelancers, and sole proprietors. From tracking client payments to supporting tax deductions for mileage reimbursement or expense reports, you’ll have all the tools you need to operate your business smoothly.
FreshBooks allows business owners to register for a free account on its website. Then, the general contractor can begin using the accounting software by uploading client invoices and logging project expenses. Each small business service listed in FreshBooks is customizable, so you can make it your own.
3. Best Project Management Software: Jonas Premier
Jonas Premier is a complete accounting system for contractors. It offers a wide range of services, such as time tracking, invoicing and billings, sales tax administration, project cost estimation, and accounting software.
Jonas Premier is built by contractors for contractors. It’s the perfect system for all tradesmen and small business owners that need to keep track of their projects’ financials.
This app allows you to track time spent per project and job and create projects from jobs. Using the Contracts module, you can also create contracts for your customers. The billing system includes tools that will help you process invoices, such as batch invoicing, credit card payments, and email notifications for late payments.
The invoices are created using an invoice editor with a built-in editor and image upload support. Jonas Premier is also equipped with a sales tax administration module that includes sales tax rates by state (for US users only). It calculates the taxes on each sale automatically based on the customer’s location/state.
4. Best Affordable: QuickBooks Desktop Enterprise
QuickBooks is great accounting software and can help with general contractors. It is easy to use and helpful, which makes it very helpful for your business.
Because QuickBooks has so many features, it also comes with many things that are great to have. This includes invoicing software, time tracking software, unlimited and low-cost users who can access QuickBooks for their individual needs.
The invoicing software helps you track your payments and customers’ information into a form that makes communication between all parties simple. This allows for more accurate quotes with less work on your part.
QuickBooks also has what they call a mobile app that allows you to enter information from your phone or tablet. With this, you can create estimates and invoices directly from information that is already on hand, as well as access your customer’s financial information.
5. Best for Growing Businesses: CMiC
With the accounting, billing, and project management software CMiC, there’s no need for general contractors to create complex spreadsheets or use expensive power tools. This is because everything from project management to billings is and all in one place with CMiC.
One great feature of CMiC is that it integrates seamlessly with QuickBooks Online, saving you money on your subscription fees. It also includes a layout manager, so when you upload documents into QuickBooks, they will automatically be formatted correctly.
The customer portal is another excellent feature of CMiC. It allows your customers to view their projects in great detail. They can see what is currently scheduled for them, what was completed, and when they got charged. This will give them a clear picture of where their money is going with your company. If they have any questions or concerns about their invoices, they can contact you through the portal as well.
Buyer’s Guide
Many accounting software applications meet the needs of general contractors. These can include basic accounting features, project management tools, and more. While choosing the best accounting software for general contractors, you need to consider their main benefits like ease of use, versatility, affordable price, and other features.
How To Choose Accounting Software For General Contractors
Selecting the right accounting software for a contractor means finding something that fits your business needs. Accounting software is available in different formats, such as packages, online programs, and even web-based options. Additionally, you have to consider the tradeoff between simplicity and features.
The most important decision is to choose an accounting software package that is easy to use. You need to consider a few factors to make the right choice. First, you need to consider the features offered by the package.
Accounting software applications provide a wide range of features, including management tools, project management tools, invoicing and billing systems, and more. However, if you need complex features without heavy customization options, you can go for an online accounting solution.
FAQ
What Is Accounting Software For Contractors?
The best solution is for contractor firms to adopt an accounting software system such as Xero, QuickBooks Online, or Sage 50 Cloud to keep them compliant with industry regulations.
Is Quickbooks Good For Contractors?
Quickbooks is a top-rated accounting software solution used by business owners, small and home-based businesses, general contractors, bookkeepers, and accountants. It has many features which allow users to do just about anything an accountant would need to do on their own with minimal assistance from other people, such as payroll services or tax preparation.
Is There Anything Better Than Quickbooks?
I think it isn’t. Quickbooks is among the best and most popular accounting software out there. It is often compared to Microsoft Office as it has a similar interface, but for business and accounting needs. Quickbooks has an easy-to-learn interface with powerful features that make it easy for anyone to use. Quickbooks also has an online version that makes tracking more convenient.
