Small business accounting software can be complicated, but in the end, it’s designed to give you insight into all your financial info. This bookkeeping software for small businesses is easy to use. It has the best business accounting software for contractors and self-employed because it gives you enough info about your finances in ways you can understand. The best accounting software for construction is tailored for contractors, so they don’t need to keep track of thousands of invoices during the year.
There are hundreds of great small business accounting software packages out there today. Narrowing your search to get the best small business accounting software for contractors is hard, that is why we’ve done the hard work for you. Our list is sure to help you find outstanding small business accounting software for your construction company…
Sage 100 Contractor
Best overall accounting software for construction. Sage 100 Contractor established itself as a popular choice among contractors under its former name of Sage Master Builder. Contractors using the less feature-rich accounting package Sage 50 (formerly Peachtree Accounting) migrated to Sage 100 Contractor to take advantage of the enhanced estimate and job costing ability. Additionally, contractors find Sage 100 Contractor reasonably priced.
FreshBooks
Powerful, versatile, yet easy to use, FreshBooks is a leading finance and accounting software that has gained traction and application across multiple industries all over the world. For the construction industry, it provides a strong suite of core functionalities that include accounting, time tracking, invoicing, and reporting. It provides a robust mobile implementation so you can communicate with clients even when you are out somewhere on current project sites.
The time and expense tracking tools, built-in among FreshBooks features, let you create accurate invoices, billing, and collect payments via multiple channels conveniently. FreshBooks accounting and tax handling ensure compliance with state requirements. It automates many processes, including expense organization, time tracking, and customer follow-ups, so that you will have more productive time on your hands.
Additionally, FreshBooks lets you create professional-looking estimates and invoices showcasing your brand. Collection and online payment can be made through methods preferred by your clients, eliminating the chance of you chasing that elusive check from your clients.
Why use FreshBooks for your construction business?
- Match expectations with accurate estimates. Minimize project proposal rejection with realistic estimates that easily resonate with the expectations of your customers, especially long-time clients.
- Stay on the same page with clients any time, anywhere. FreshBooks relies on its strong mobile implementation to give you confidence in communicating with your clients from just about anywhere you are at any moment.
- Collaborate with on-field teams, contractors, and even clients. Never miss costly details by sharing key information online and having all the people involved stay on the same page throughout the life of projects.
- Never lose on any billable time. Every minute of work is precisely tracked and reflected on your records, so you won’t wonder where all those work hours of your personnel have gone.
- Receive timely payments. With FreshBooks’ multiple online payment options, you won’t have to worry again about how your clients will be able to pay you.
Jonas Premier
Jonas Premier is part of the Jonas Construction Software company, founded in Canada in 1990 as a way to build a better-integrated construction software solution, and is now a division of Constellation Software, Inc. It’s used throughout North America by construction companies, land developers, home builders, and general contractors.
It’s cloud-based and the accounting software can be used by multiple companies and divisions to allocate revenue and expenses between jobs. It also includes a customizable management dashboard that can be used differently by various types of contractors such as HVAC, plumbing, electrical, and more.
Jonas Premier features include:
- Granular reporting
- Complete audit trails
- Multiple accounting periods open
- Multi division and multi-company accounting
- Accurate real-time reporting and tracking with general ledger accounts receivable and payable
- Automated workflow
- Job and dispatch scheduling
- Job costing
- Document, inventory, and equipment management
It also offers payroll and union reporting features including federal remittances and year-end reporting and can be integrated with apps including Plangrid, Contigo, Microsoft Project, and more.
No bookkeeping experience is required to use Jonas Premier and there is unlimited free training, videos, webinars, and eBooks available to help you get set up.
Pricing for Jonas Premier is as follows:
- Implementation fee: Starts at $20,000 and includes one-on-one training sessions for six weeks, unlimited group training and unlimited support, designated account manager, and unlimited document storage
- Monthly: $199/concurrent user/month with month-to-month commitment
- Annually: $189/concurrent user/month with an annual commitment
- No hidden fees and everything is included
We chose Jonas Premier as our best overall construction accounting program because of its longevity in business, it specifically caters to the construction industry, and the accounting software is full of robust, easy-to-use features that are available on the go.
PENTA Construction Management Software
Best accounting software for large contractors or construction companies. For construction companies performing large projects like industrial or utility construction, the most feature-rich option is PENTA Construction Management and ERP software. With a robust Oracle database backend, PENTA offers a unified alternative to oversee accounting and payroll and equipment and inspection management. However, this software’s price and management overhead mean investing in PENTA should not be entered into lightly by any company despite its size.
Netsuite ERP
Cloud-based NetSuite ERP leverages a full suite of comprehensive business capabilities, including advanced accounting processes and tax management, billing and invoicing management, fixed asset, and payment management for your construction organization. NetSuite ERP lets you handle multiple construction projects at once with clear estimates and accurate billing, dispensing of cumbersome timesheets to manage time tracking for any number of employees on the field.
Backed by an impeccable accounting system with tax compliance features, the application also helps you meet licensing requirements, permissions and passes needed for construction projects. Other NetSuite ERP benefits include providing the processes and tools for site inspections, lessening internal paperwork, and letting you move your construction projects forward.
Why choose NetSuite ERP for your construction business?
- All the systems you need for your construction business and more. Aside from accounting, timesheet management, invoicing, billing, and payments, NetSuite throws in CRM capabilities and other financial tools to ensure the success of your construction and property rental projects.
- Fully scalable to your changing needs. NetSuite ERP is easily able to add new functionality to meet your construction needs. This ensures nothing is left to chance when meeting and managing new opportunities with the new processes they involve.
- Eliminate delay, minimize costs. Nothing hurts a contractor more than delays in deadline delivery. Fundamental features that address key resources management will let you realize concrete savings both in the short- and long-term.
- Gain key insights into profitability. With improved processes, you get access to quality data to help you evaluate the performance of critical variables in your construction business.
- Increased efficiency, less complexity. Innovations in workflow design mean reduced complexity in running your construction operations, resulting in more substantial revenues.
Conclusion:
Profit is not always obvious, but this software is. Learn how to interpret Profit? Or maybe What are the features of general contractor accounts receivable software? This small business accounts payable software has the benefits of compliance cloud integration.