Construction accounting software provides users with financial management tools for construction projects and activities. These products offer features such as job costing, payroll, accounts payable and receivable (AP/AR), general ledger, and audit reporting, among others. Some construction accounting solutions are project focused for specific financial information, while others provide accounting insights into the company as a whole.
These solutions are nearly equivalent to basic accounting software, however, they are specifically tailored to the construction industry. While construction accounting software may be offered as a standalone product, some also provide capabilities of construction estimating software or construction project management software.
To qualify for inclusion in the Construction Accounting category, a product must:
Offer accounting features solely for the construction industry as opposed to a variety of verticals
Provide financial management functionality for construction firms
Offer accounting insights at either project level or for the company as a whole
Generate financial reports that follow and adhere to risk, safety, and industry regulation guidelines