Best Construction Accounting Software
Construction accounting software provides users with financial management tools for construction businesses. These products offer such features as job costing, payroll, accounts payable and receivable, general ledger, subcontracting, and audit reporting, among others. Such capabilities may be project-focused for more specific financial information, while others may 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 estimating or construction management capabilities; however, if a product offers all three functions then it is classified as a construction suite.
To qualify for inclusion in the Construction Accounting category, a product must:
- Provide financial management functionality for construction firms
- Offer accounting insights at either a project level or for the company as a whole
- Solely offer accounting features for the construction industry as opposed to a variety of verticals
Construction Accounting Software Grid® Overview
The best Construction Accounting Software products are determined by customer satisfaction (based on user reviews) and scale (based on market share, vendor size, and social impact) and placed into four categories on the Grid®:
- Products in the Leader quadrant are rated highly by G2 Crowd users and have substantial Market Presence scores. Leaders include: PlanGrid
- High Performers are highly rated by their users, but have not yet achieved the market share and scale of the Leaders.
- Contenders have significant Market Presence and resources, but have received below average user Satisfaction ratings or have not yet received a sufficient number of reviews to validate the solution. Contenders include: Procore
- Niche solutions do not have the Market Presence of the Leaders. They may have been rated positively on customer Satisfaction, but have not yet received enough reviews to validate them. Niche products include: Contractor Accounting Software