Get started with construction accounting software that has CIS, MTD, and domestic VAT reverse charge compliance built in. Say hello to stress-free accounting for your construction business.
Sage Intacct Construction is native cloud accounting software that gives contractors and real estate developers the control to manage financials and operations with ease.
With a legacy of trust and innovation, we serve the entire construction industry with our end-to-end suite of cloud construction software.
Manage your day to day business finances in the cloud. Create quick quotes and invoices.
Gain real-time visibility into the true financial health of your projects and make confident, data-driven decisions that will increase profits and control costs.
Enable seamless collaboration among back office, field, and remote office teams.
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 the true cost of a job or project over multiple periods. It needs to support you in managing purchasing processes and revenue recognition over an extended period of time. Secondly, construction projects are often complex, with multiple contracts and vendors, so construction accounting software needs to be able to track all of this information. This might include mobilisation, costs, and field data capture. Thirdly, construction projects are often subject to regulatory requirements, so construction accounting software needs to be able to help companies comply with these requirements.
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 centraliesd 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.
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