Construction accounting software & financial management tools

Construction accounting software is a specialized type of accounting software designed specifically for the construction industry. It helps construction companies manage their financial transactions, track expenses, handle payroll, create invoices, manage budgets, and generate financial reports tailored to the unique needs of the construction sector.

Construction accounting is different from regular accounting in a few key ways. First, construction projects typically have long lead times, so construction accounting software needs to be able to track costs over multiple periods. Second, construction projects are often complex, with multiple contracts and vendors, so construction accounting software needs to be able to track all of this information. Third, construction projects are often subject to regulatory requirements, so construction accounting software needs to be able to help companies comply with these requirements.

The cost of Sage construction software varies depending on the features and modules you need as well as the number of users. Want pricing details? Talk to an expert.

Yes, contractors can use cash basis accounting. However, cash basis accounting is not always the best option for contractors, as it can make it difficult to track project costs and prepare accurate financial reports.

Here are some of the benefits of using construction accounting software:

• Improved financial tracking: Construction accounting software can help you track project costs, manage inventory, and generate invoices. This can help you improve your financial reporting and make better financial decisions.
• Increased efficiency: Construction accounting software can help you automate tasks, such as invoicing and payroll. This can free up your time so you can focus on other aspects of your business.
• Reduced risk: Construction accounting software can help you comply with regulatory requirements. This can help you avoid fines and penalties.
• Improved communication: Construction accounting software can help you share financial information with your team and clients. This can help improve communication and collaboration.

Sage offers solutions to streamline property management for real estate firms. Features include centralized data and documents, simplified accounting and budgeting, maintenance and work order tracking, tenant services like online portals, and compliance tools. This provides an integrated platform to manage properties efficiently.

Yes, Sage acquired Timberline Software, the leading construction accounting and project management solution, in 2003. The Timberline products were rebranded as Sage 300 Construction and Real Estate but continue to deliver the same powerful financial management capabilities trusted by Timberline customers for years.

Customers can keep using Timberline, now called Sage 300 CRE, and benefit from Sage's continued investment and improvements in the software. Sage provides ongoing support and maintenance to Timberline users, ensuring construction firms get the most out of the robust project, accounting and compliance features. The Timberline construction software you rely on is now backed by Sage's commitment to your success.