It’s no longer enough to say that every construction company needs good contractor accounting software. Your accounting system should be the core IT platform for your entire company.
Why? Because in the face of day-to-day competitive challenges, your entire management team should have immediate access to complete project and business information—from any device. It’s impossible to gain this kind of access from a series of point solutions. Also, think of all the applications and data services your team members use each day just to get the job done. The best way to unify data from these systems is to designate one system as the hub and integrate all other systems to it. That hub should be a cloud-based construction accounting system.
The good news is that cloud ERP technology has evolved to the point that it can provide an ideal business hub for any growing construction firm. Acumatica Financial Management provides a feature-rich accounting suite that’s designed to provide complete construction accounting information, including revenue and cost budgets, commitments, pro forma invoices, and job costing. It’s fully integrated with Acumatica Customer Management, Distribution Management, Manufacturing Management for offsite construction, Field Services Management, and Project Accounting—and it can integrate easily with your other construction software.
One example is job costing. You manage multiple projects and businesses, and you need real time visibility into overall performance with fast access to the details for running projects and estimating new business. Acumatica job costing captures accurate costs with flexible cost structures, approval workflows and a mobile application for time reports, equipment time cards and field receipts and invoices. Its integrated with budgets, subcontracting, inventory, purchasing, equipment, billing, retention and accounts payable for actual costs, committed costs and cost to complete details.
With Acumatica Construction Edition, you maintain 24/7 real-time visibility into your business activities and performance through detailed reports and personalized dashboards that are tied to one centralized database. The system is easy to implement and configure—and it’s designed to be affordable for growing companies.
