The Best Construction Accounting Software In Massachusetts
As a Massachusetts contractor, you know that to be successful, you need the best equipment and workers.
But one of the often-overlooked aspects of scaling your business is construction software. Relying on spreadsheets can make it difficult to accurately track your construction project financials and grow your business.
That’s why contractors need the best construction accounting software In Massachusetts, FOUNDATION® accounting software.
By leveraging features designed for the unique needs of the construction industry, contractors can:
- Gain real-time project insight and job cost tracking to maximize profitability
- Simplify complex tasks like revenue recognition, billing, and payroll
- Meet strict budget requirements and ensure project success
- Streamline accounting process for increased efficiency and reduced errors
- Prepare for audits and reviews with confidence
But don’t take our word for it. Here is a review from one of our satisfied customers, “I liked the fact the AIA billing and the certified payroll (reports) were integrated into the software. I was using Excel® for my CPRs before. FOUNDATION is very user-friendly.” Annette B.
FOUNDATION isn’t just accounting software — it’s a comprehensive financial management solution built by construction veterans who understand the unique challenges you face.
Over 40,000 construction professionals across the country trust FOUNDATION to simplify their finances and empower them to build stronger, more profitable businesses.
Ready to take control of your job costing and build a thriving construction business in Massachusetts? Keep reading to discover how FOUNDATION can transform your operations.
The Growing Massachusetts Construction Industry
Massachusetts is home to several large construction projects that are excellent opportunities for contractors to take advantage of.
Fenway Center is a $1 billion project that will encompass close to 1 million square feet of lab and office space. It will also have another 10,000 square feet of retail space along Brookline Avenue and Beacon Street. The Fenway Center construction project is set to be completed in 2025.
The Longwood Place Project costs $311 million. The Simmons University 398,000-square-foot project will be the new Living and Learning Center. Longwood Place is scheduled to be completed in 2026.
The Rourke Bridge Replacement was originally a replacement bridge in Lowell built forty years ago, but now that bridge will be permanent. The project will cost $200 million, and construction is planned to start in 2025 and be finished by 2028.
A new 35,000-square-foot underground substation will be placed in Kendall Square. There will be eight new 115-kilovolt transmission lines that will span Boston, Cambridge, and Somerville. Construction is planned to start in the first quarter of 2025, with an estimated completion set for 2029.
Contractors trying to bid and win large jobs like this need accounting software that was designed for the construction industry. Relying on spreadsheets or generic accounting software can mean you could be leaving money on the table.
Using accounting software for contractors will not only help you scale your business and stay profitable but also give you a competitive advantage to win these projects.
What Are the Benefits of Using Integrated Construction Accounting Software?
There are a number of advantages to choosing Massachusetts’ #1 Construction Accounting Software. From financial transactions to real-time insights, contractors can get what they need to help improve their business growth.
Since 1985, Foundation Software has seen firsthand how construction accounting software can transform financial management for contractors, construction companies, and their employees.
Here are some benefits you get with an accounting platform designed specifically for this industry.
Even with all these benefits, some contractors opt for off-the-shelf accounting software, but for the complexities you face, you need software designed for your business.
Now, let's look at some of the accounting features you get from FOUNDATION.
FOUNDATION Construction Accounting Software
Our cutting-edge construction accounting solution accurately tracks the details of every job with customized drill-downs, so you aren't blindsided by cost overruns or unexpected expenses.- Job Costing
As a contractor, you need to know exactly where every dollar, hour, and quantity goes on your jobs. With the FOUNDATION Job Costing Module, you get Microsoft® SQL Server®-powered reporting, which means stress-free job costing across the date range you need.
You'll be able to:
- Review project cash flows
- Allocate overhead
- Generate work-in-progress (WIP) reports
- Get real-time job costing: production reports, estimated vs. actual, percent complete
- Receive automated alerts to avoid cost or labor overruns
Job costing software for construction companies is integral for your projects. With FOUNDATION, you can closely monitor spending and stay within budget. You can build job budgets with your company's job cost structure and compare project performance against estimated revenue, costs, labor hours, and quantities.
Using job costing software improves your financial oversight and planning capabilities, helping you maximize profits and operate more efficiently.
Get The Best Construction Accounting Software From Foundation Software
Imagine not having to spend countless hours on tedious accounting tasks. With our accounting software, you get instant access to detailed, actionable reports that drive informed decision-making.
Now you don’t have to wonder if you can bid on megaprojects; with FOUNDATION, you can bid and stay profitable.
We know the unique challenges Massachusetts construction companies face. With our cutting-edge accounting software, you can connect the jobsite to the construction office to help you manage costs and grow your business.
We have combined:
- Construction job costing
- Mobile time tracking
- Certified payroll
- Construction inventory and material management
- Accounts payable
- Accounts receivable
- General Ledger
- Construction reporting and analytics
- And more!
FOUNDATION empowers you to customize countless reports and financial statements, unlocking the key to maximizing profitability.
Whether you're grappling with job budgets, certified payroll complexities, cash flow management, or the need for pinpoint-accurate reporting, FOUNDATION has the answers you need.
And, whether you need help with job budgets, certified payroll, cash flow, or getting accurate reporting, FOUNDATION has the solutions for you.
With almost 40 years of experience serving the construction industry, we are the best construction accounting software solution for contractors who want to transform their business.
