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Product Description. American Contractor's versatility makes it the right fit for any size construction or service business. This comprehensive solution helps businesses achieve operational efficiencies, cost reductions, and increased profits. Contact Information. Target Customer Profile:. Average Price:. Target Business Size:. Target Country s :. United States. Target Industry s :. Certification Program:. Implementation Services:. Implementation Period:. Support Services:.
Client Operating System s :. The biggest benefit of job cost accounting software is comparing estimated vs actual costs. This will let you monitor your financial performance in a job in real-time.
Only software developed with the construction industry in mind will be able to handle both small and large jobs for your construction business. How many construction companies need job costing? Detailed records of every financial movement your company makes are the first step to increasing revenue. Quality construction accounting software will be able to monitor every piece of income or expense accumulated during a construction project.
Good project management will also lead to improved profitability. This is because project costs are always tied into what is deemed as a successful project—keep costs down and finish the project under budget and within a specified amount of time.
Make sure you track all costs and bill for them appropriately. Better record keeping via time tracking, material costs, change orders, and details on work a subcontractor has performed can also lead to more profitability. If a project is not performing up to standards, you can find out before you affect profits or incur a loss. Construction accounting software can provide financial reporting that gives you better insight into your operations.
These reports can help facilitate better managerial decision-making and let you monitor the performance of your business continuously. Given the importance of job costs within construction accounting, it is important to have teh chart of accounts and job cost ledger set up professionally. Cost allocations will become easier and more accurate—meaning job cost reports will be more accurate and useful for your business. Since cost overruns do happen in the construction industry, a work in progress reports WIP is another report that only a construction-focused solution is going to provide.
This report tracks past work against a profit analysis schedule useful for large or bid spread jobs , provides real-time insight into estimated earnings vs. All WIP schedules will include details about the work being performed, the contract price, the estimated cost, how much has billed already, and how much cost has already occurred. These reports can be considered a view of your projects that can also help show potential clients, banks, and contractor how reliable your company is.
Other reporting options within construction accounting software include consolidated financial statements, budget vs actual margins on jobs, cash and working capital status, and profitability by customer. What is the difference between generic accounting software and construction accounting software? With general accounting software, the functionality is built around a general ledger and allows you to track your income and assets, expenses and liabilities, and more within an accounts payable or accounts receivable module.
The most common example of general accounting software is a product like QuickBooks Online. A construction accounting software will have the same features of a general accounting software but also include modules specific to the needs of construction professionals.
This includes project accounting, which focuses on the financial transactions related to managing a specific project rather than the company as a whole. Project accounting will track costs, billing, and revenue. Progress billing is another construction accounting feature that would be as prevalent within a general accounting software. This invoicing method provides regular payment cadence throughout a long-term project—letting companies bill customers on a predefined timeline based on completion percentages or hitting certain milestones.
Larger companies will more often than not find comfort in the use of somethign built for their industries, while a small business may be able to pick freely depending on their budget. What is the difference between construction management software and construction accounting software? A construction management software will have more of a focus on non-accounting features such as estimating, scheduling, and project management.
A construction accounting solution will focus more on reporting, financial statements, and job costing. A construction management software may sometimes lack a traditional accounting setup of accounts payable, accounts receivable, and a general ledger.
This will require you to use a secondary solution for accounting. A construction accounting solution can sometimes be defined as an accounting solution designed to be used by a construction company. Rather than having two standalone solutions that work together, all-in-one tools will provide the benefits of both. A large percentage of construction software options will include accounting as either a core or optional feature.
Likewise, a solution may be marketed as construction accounting software but will include non-accounting features such as estimating, scheduling, and project management. Depending on the size of your business or the types of projects being handled, you may look towards more advanced solutions.
Job costing will be the most important feature to help you manage your basic construction accounting. Most entry-level accounting solutions should offer some sort of costing functionality. A small contractor may be able to survive using industry-neutral software such as QuickBooks or Xero , but may find themselves limited.
Growing construction businesses should desire a more in-depth estimating tool and some level of bid management. These specialized options will also have vendors who specialize in implementing their software into construction environments.
Larger construction enterprises may specialize in a specific field and need specialized software to meet their needs such as a large commercial real-estate developer, or a civil contractor.
They may also have multiple entities with a need for many end-users. These enterprise-level organizations should look into a fully-integrated construction ERP solution that provides every accounting and management tool necessary to run their day-to-day operations.
QuickBooks can be used as a construction accounting software given the availability of invoicing, job costing, and reporting features. You can monitor spending and make for each job, upload photos of receipts, and tag hours and expenses to jobs. Optional payroll features let you manage your contractors and save time on s, W-9s, and tax ID inputs.
Construction companies looking to use QuickBooks for construction accounting will need to choose a version that includes QuickBooks Projects , which includes the job costing feature. I use it for client invoices, change orders etc… keeping track of subs costs on each job, overages on jobs for materials.
It is a powerful tool that used properly will help your business with paper trails. You are pretty much breaking things down into categories and then into sub categories. So if you want to know how much you spent on subcontractors… … [or] want to know how much you spent on subcontractors for job A, Job B, and Job C, you can. This includes up to 5 users. Our QuickBooks Alternatives study surveyed over 4, cases of QuickBooks users searching for replacements.
Common functionality requirements for contractors replacing QuickBooks included better job costing, project management, equipment management, bid management, and field service management. Talk with a Software Expert…. Construction Accounting Software Get the best construction accounting software for your business. Get a free consultation from an independent system expert.
Get Recommendations. Integrated accounting and construction management. Easy-to-use modern interface. Demo Learn More. Simple interface. Strong job costing. Project Scheduling: Using Gantt charts with imported tasks from jobs, monitor critical paths and schedule resources such as vendors, employees, or equipment from lists within American Contractor. Info Center manages important project documents and Outlook e-mail with maximum efficiency.
Info Center supports multi-page images, allowing you to associate scanned images with master records, documents and transactions. Info Center also organizes and retrieves electronic files and scanned documents. In addition to full integration throughout American Contractor, Info Center features integration with third-party imaging and file storage solutions for extended flexibility.
American Contractor addresses the key elements of the service industry: responsiveness to customers, efficient scheduling of resources, realistic pricing, prompt and accurate billings, and informed management oversight of critical financial indicators. The powerful Dispatch Board provides drag-and-drop technology and user-definable color coding to track employees, service agreements, warranties, and customer locations.
The Dispatch Board also handles scheduling equipment for work orders and construction jobs. Dispatch options include basic, one-way dispatch to phones or fully synchronized dispatching with PDAs. Integration with MobileMAX, which is a mobile dispatch and tracking system, can help reduce labor hours and paperwork. Mobile technology can also enhance customer confidence, improve accuracy and timeliness of data, and enable significant expansion of the field technical force without additional management overhead.
Dispatch Board is a single-screen, customizable component of Service Management. Multiple views within the Dispatch Board allow outstanding calls to be organized, formatted and displayed by location, type, priority, assigned technicians, day and time, and more. Drag and drop incoming calls to schedule arrival times and assign technicians for dispatch. MobileMAX: This fully integrated, wireless solution allows technicians to receive work orders on the road, indicate work completed, complete timecard information for multiple technicians, and review equipment information and history.
From the field, technicians send completed information back to the home office, including material used, pictures of work completed, and customer signatures. Work Order and Service Agreement Printing: This Service Management component simplifies the creation of work orders from estimates or from on-going service agreements. Set up preventive maintenance schedules and create work orders automatically, which appear for dispatching.
Service Management tracks maintenance calls and invoicing separately, and reminds you when it is time to perform the work, invoice a customer, or renew an agreement. Maxwell Systems streamlines the process of completing estimates and incorporating them into projects.
Estimating and proposal writing are built for quick bidding with familiar spreadsheet formats and customizable, color-coded bid views. With a single click, items or assemblies, including 3-D visual assemblies, may be added to a bid. Proposals can be created with the desired amount of detail, and they can be tracked by project, client, estimator, likelihood of acceptance, bid date, and so forth.
Proposals are customizable and purchase orders may be automatically created for the buyout of a job. Estimating begins with digital or digitized takeoff and concludes with the final proposal. Powerful tools allow contractors to begin by tracing over plans with a stylus pen and digitizer board, or using onscreen takeoff with digital plans to generate accurate measurements and quantities.
Store an unlimited number of cost items and details for your estimates, and easily edit items to reflect real-time costs. The Bid Command Center provides insight into proposals by estimator, salesperson, client, and more. Maxwell Systems also provides a tool for simple estimates when detailed takeoff capabilities are not required.
It uses tracking codes to produce activity-based cost estimates. These same tracking codes and cost estimates are then used to track job costs and billings for the job. Workforce Management meets the challenges of ever-changing government and construction regulations. Payroll and workforce reporting can be managed efficiently with this fully-integrated solution.
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