Is it Time to Deploy Construction-Specific Accounting Software?
The last thing most construction executives want to worry about is their accounting software. But as your company grows, accounting becomes more complex and more integrated with operations. While a generic accounting package like QuickBooks or Peachtree got your business off the ground, it may be time to deploy accounting software designed specifically for the construction industry. The right software isn’t cheap; in fact, you’ll likely spend $3,000 to $30,000 to deploy a construction-specific accounting system. However, the benefits of the move will pay out early and often. Construction accounting software will help you get a better grip on your job costs, manage your risks and generally “speak your language.” Here we highlight six powerful benefits of accounting software built for the construction industry. Job Costing: Get a Handle on Your Profits You probably know if you’re losing money on a job or not. But do you know if you are losing money on subs, materials or labor? Do you kno
