The Best Construction Accounting Software In Texas
Texas’ construction industry is booming. Texas Instruments is investing $30 Billion for a major construction project in Sherman, Texas, and NextDecade (located in Houston) has received $5.9 billion for a gas liquefaction plant in the Port of Brownsville. With major projects like this happening, contractors shouldn’t rely on spreadsheets or off-the-shelf accounting software to get the job done. They need the top construction accounting software in Texas.
By leveraging features designed for the growing Texas 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
- Reduce time spent on manual tasks like invoices, payroll, and data entry
- 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 there's a better solution: FOUNDATION® accounting software.
FOUNDATION isn’t just accounting software — it’s a comprehensive financial management solution. Built by construction veterans who understand your challenges, it offers a range of benefits. More than 40,000 construction professionals across the country trust FOUNDATION to simplify their finances and empower them to build stronger, more profitable businesses.
FOUNDATION helps Texas contractors address specific challenges like:
- Revenue recognition
- Scheduling invoices or creating recurring invoices
- Simplifying accounting processes
- Maintaining project budgets
- Audits and reviews
- Staying compliant with the Davis-Bacon Act, prevailing wage, and union payroll
Ready to take control of your job costing and build a thriving construction business in Texas? Keep reading to discover how FOUNDATION can transform your operations.
The Growing Texas Construction Industry
The Lone Star State is seeing major growth in the construction industry.
Texas Instruments is investing $30 billion to build four 300-millimeter semiconductor fabrication plants in Sherman, Texas, which are expected to produce more than 100 million chips a day. This large project. With a project this large, it is integral to have job costing accounting software to ensure that all costs are tracked and accounted for throughout the project lifecycle.
Another project that is on the books is the liquefied natural gas terminal in the Port of Brownsville. According to the Houston-based NextDecade, they have secured $5.9 billion in financing to start working on compressors that will liquify natural gas from Texas’ shale fields. Construction companies involved with this large project will need streamlined project management software to ensure that schedules and budgets are aligned to help keep the project on track.
With the major projects starting, contractors need construction management software they can rely on to ensure they run on schedule and stay within budget and that their business is staying as profitable as possible while performing this work.
What Are the Benefits of Using Integrated Construction Accounting Software?
There are a number of advantages to choosing Texas’ #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
Texas’ booming construction industry demands robust financial management solutions. With major projects like Texas Instruments’ $30 billion Sherman fabs and NextDecade’s Port Brownsville liquefaction plant, contractors can’t afford outdated spreadsheets or generic accounting software.
FOUNDATION construction accounting software goes beyond basic accounting.
Our comprehensive financial management system is specifically designed for the complexities of construction projects. Trusted by over 40,000 construction professionals nationwide, FOUNDATION empowers Texas contractors to:
- Streamline job costing and payroll for construction projects, ensuring real-time visibility into profitability
- Simplify accounting processes like revenue recognition, billing, and data entry, freeing up valuable time and resources
- Leverage mobile time tracking for efficient and accurate labor cost tracking across your construction projects
- Gain valuable insights with construction accounting reports and analytics. Make data-driven decisions and optimize project performance for success
We know the unique challenges Texas construction companies face. Our cutting-edge accounting software lets you connect the jobsite to the construction office to help you manage costs and grow your business. Whether you need help with construction job costing, certified payroll, job budgets, 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.
Take control of your construction business in Texas. See how FOUNDATION can transform your operations and empower you to build success.
