Best Construction Accounting Software of 2024
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Managing construction projects requires the ability to quickly respond to changes in material costs and accurately scope projects and labor. It also involves accounting for multiple types of expenses and assigning them to jobs accordingly. Throw in equipment cost allocation and things get even more complicated. The best accounting software will make it easy to record the cost of goods sold, get the most out of your equipment and monitor project costs so you don’t go over budget.
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The Best Construction Accounting Software
Product | Starting at | Promotion | Learn more |
---|---|---|---|
QuickBooks Online NerdWallet Rating Learn more on QuickBooks' website | $30/month Additional pricing tiers (per month): $60, $90, $200. | 50% off for first three months or free 30-day trial. | Learn more on QuickBooks' website |
Sage 100 Contractor NerdWallet Rating Learn more on Sage's website | N/A Quote-based. | N/A | Learn more on Sage's website |
Striven NerdWallet Rating Learn more on Striven's website | $35/month Per user. Additional pricing tiers per user (per month): $70. | 7-day free trial | Learn more on Striven's website |
QuickBooks Enterprise NerdWallet Rating | $1,481/year Additional pricing tiers (per year): $1,922; $2,363; $4,668. Adding users or cloud access costs extra. | 30-day free trial | |
Buildertrend NerdWallet Rating | $499/month Additional pricing tiers (per month): $799, $1,099. | Discount for first month |
QuickBooks Online
Why we like it: QuickBooks already holds a strong name in accounting software. The capabilities built into its Plus and Advanced plans, specifically, are well-suited to construction accounting and project management. Particularly relevant features include invoicing, customizable reporting and job costing as well as direct integrations with industry-specific software such as Buildertrend and Housecall Pro. If you’re looking for a no-frills, dependable construction accounting software solution at a comparatively reasonable price point, QuickBooks Online may be a great fit for your business. Read our full QuickBooks Online review.
Sage 100 Contractor
Why we like it: Sage 100 Contractor is the construction accounting and project management product that falls within the large ecosystem of Sage Business Cloud software. It can help you manage all aspects of your construction business — from monitoring job progress completion and profitability to creating accurate estimates and managing change orders. Because Sage has an intricate network of software products, it’s not always clear which features are part of which product and therefore when add-ons and integrations are required. Be sure to get clarity on this when you contact Sage for a quote and more detailed product information.
» MORE: Best business software solutions
Striven
Why we like it: Striven software includes not only a built-in accounting tool that has all the standard accounting functions such as reporting (including customizable reports), invoicing, audit trails and accountant access, but also offers features for project and inventory management, job costing, scheduling and more. Striven also has both customer and vendor portals for quicker and easier collaboration with clients and vendors. Each portal is included in your software package free of charge for up to 100 customers and 100 vendors; for more than 100, there is an additional monthly fee. Note that Striven currently lacks a mobile app, which may be a make-or-break deciding factor for some construction businesses. The software is, however, responsive on mobile and other devices, so you can access your information on the go.
QuickBooks Enterprise
Why we like it: If you’re outgrowing the small business category and find yourself in need of more powerful software with robust reporting tools and can handle the price tag to go along with that, then QuickBooks Enterprise could be a solution worth exploring. Similar to QuickBooks Online for Contractors, QuickBooks markets an industry-specific edition of its Enterprise product, which contains many features relevant to construction and field service management. Read our full QuickBooks Enterprise review.
Buildertrend
Buildertrend
$499
Additional pricing tiers (per month): $799, $1,099.
Why we like it: The monthly price is certainly steeper than some of the other products on this list. But if you’re in the market for more than just a construction accounting product, Buildertrend will likely fill all your business needs within a single software solution — no need to purchase separate software products and try to integrate them. It can help you manage finances, projects, sales, materials and customers. Particularly noteworthy is Buildertrend’s highly rated mobile app, available on both iOS and Android devices, which keeps your entire team connected and working efficiently at all times of day and from all locations — even when internet connection and cell service are spotty.
How to choose construction accounting software
In addition to your standard profit and loss statement and balance sheet, here are some other reports and features to look for when shopping for construction accounting software:
Job costing: Job costing lets you assign expenses to each individual job. Without job costing, you have no way of knowing which jobs — or which types of jobs — are most profitable for your construction company.
Project management: Project management is more than just knowing what phase each job is in, even though that in itself is extremely important. Proper project management helps you appropriately allocate resources to the various jobs your construction company has going on at any given time. It also allows you to forecast your needs for projects in bid.
Budget and completion analysis: Budget and completion analysis lets you see how your construction projects are proceeding from a budget standpoint. In order to maximize your profitability on a job, you want to deliver it under budget and on time. Without this analysis in your construction accounting software program, you can be left guessing on whether or not this will happen.
Change order tracking: A construction project without change orders is rare. If you can’t track your change orders, you could easily leave money on the table or have to make costly changes to work that is improperly done.
Also consider whether you prefer an all-in-one construction management product, like Buildertrend, or a more focused accounting product, like QuickBooks Online, that can integrate with hundreds of other business apps to build the precise solution you need.
Methodology
NerdWallet independently reviews accounting software products before determining our top picks. We collect the data for our software ratings from products’ public-facing websites and from company representatives. Information is gathered on a regular basis and reviewed by our editorial team for consistency and accuracy.
NerdWallet’s accounting software ratings favor products that are easy to use, reasonably priced, have a robust feature set and can grow with your business. The best accounting software received top marks when evaluated across 10 categories and more than 30 subcategories. Learn more about how we rate small-business accounting software.
These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most. We encourage you to research and compare multiple accounting software products before choosing one.
NerdWallet does not receive compensation for any reviews. Read our editorial guidelines.