Construction accounting is the process of tracking project costs, budgets, and expenses to keep construction projects profitable and on schedule. Running a construction business is challenging, especially with construction delays and manual errors that disrupt finances.
Construction accounting software combines automation and accuracy to simplify financial tracking, from project costing to payroll. With so many options available, finding the right one for your business can be tricky.
Huwag magpaka-stress! The answer is HashMicro Construction Accounting Software, BIR-accredited and built for construction needs. Keep your reports compliant and finances on track. Book a free demo with HashMicro today to experience hassle-free accounting!
Key Takeaways
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- HashMicro: Best for small-to-large firms needing customizable and integrated accounting.
- Jonas Premier: Best for mid-sized firms needing detailed financial reports.
- Procore: Best for mid-to-large firms focusing on real-time project tracking.
- Sage: Best for scalable, robust accounting in growing firms.
- CoConstruct: Best for home builders focusing on budget management.
- QuickBooks: Best for small-to-mid firms wanting simple, user-friendly accounting.
Table of Contents
What is Construction Accounting Software?
Construction accounting software streamlines financial tasks unique to contractors by combining core accounting with job costing and construction project management software. It helps firms control budgets, manage project cash flow, and maintain accurate financial records.
This software gives construction teams real-time insight into spending, timelines, and resource allocation. By centralizing project expenses and automating reporting, it supports compliance needs, maintains organized financial data, and strengthens ongoing decision-making.
As a BIR-accredited accounting system, it handles payroll for shifting crews, tracks subcontractor payments, and enhances construction estimating. These tools help companies stay compliant, reduce errors, and keep every project financially aligned from planning to completion.
Need to know!
AI-powered construction accounting automates cost tracking and budget forecasting. With Hashy AI from HashMicro, businesses can predict expenses, prevent overspending, and optimize project finances.
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Top 16 Construction Accounting Software in 2025
There are many accounting software options available for construction in the Philippines. Each software offers unique features, allowing you to choose the most suitable software for your business needs. Below are the accounting software Philippines for construction in the Philippines.
1. HashMicro Construction Accounting Software
HashMicro Accounting Software is recognized as one of the leading accounting solutions in the Philippines. It is ideal for businesses seeking comprehensive, reliable financial management tools. This software offers benefits that streamline accounting processes, enhance accuracy, and facilitate decision-making.
With unlimited user access, a user-friendly interface, professional assistance, and comprehensive report analytics, HashMicro Construction Accounting Software ensures that businesses of all sizes can manage their finances effectively.
The system’s robust integration capabilities allow seamless synchronization with other modules, ensuring data consistency and reducing errors.
Key Features of HashMicro Accounting Software:
- Budget S Curve Management: This feature visualizes financial progress over time, showing cumulative cost and revenue forecasts against actual expenses.
- S-curve Plan vs Actual Project Cost: This feature compares planned costs with actual spending, providing insights to adjust project plans promptly.
- In-Depth Budgeting Type: HashMicro offers detailed budgeting options for tracking expenses across categories like materials, assets, overhead, and subcontractor fees.
- Budget Carry Over: This feature allows unspent funds to roll over to the next period, ensuring budget flexibility for long-term projects.
- Track P&L and Balance Sheet per Project: Monitors the financial health of individual projects, aiding in resource management and profitability analysis.
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To learn more about financial software from HashMicro, you can start considering the price calculation by clicking the banner below.
2. Jonas Premier Accounting Software for Construction
Jonas Premier offers a comprehensive cloud-based accounting solution tailored for the construction industry. Designed to accommodate businesses of all sizes, it facilitates the organization and documentation of financial activities across multiple projects. One of the standout features is its real-time job costing and budget management tools.
The software also boasts a customizable dashboard that clearly displays financial and accounting data. However, the high implementation fees associated with its pricing plans can be a significant barrier for smaller companies or startups. Additionally, the system’s complexity might require considerable time and training.
Features of Jonas Premier Construction Accounting Software:
- Automation of Accounting Operations
- Simplified Accounts Payable Workflows
- Integration of Costs and Invoices in Billing Cycles
- Compliance Tracking for Construction Firms
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3. Procore Construction Accounting Software
Procore is a comprehensive construction management platform designed to streamline project oversight from inception to completion. It effectively integrates the management of construction projects, resources, and financials, serving as a central hub for all project-related activities.
However, Procore may have some limitations. Its user base primarily consists of mid-market and small-business segments, which suggests that the platform might be less suited for very large enterprises or those with highly specialized needs that require more customized solutions.
Features of Procore Construction Accounting Software:
- Project Management
- Resource Management
- Financial Management
- Collaborative Team Access
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4. Sage Construction Software
Sage has long been a standard choice for general contractors. It is known for its straightforward, user-friendly approach to accounting. Sage is designed to be accessible for small businesses, featuring an insightful dashboard that easily tracks expenses and incomes.
However, despite its affordability and ease of use, Sage has seen a decline in popularity amidst the emergence of newer platforms offering more robust features. The main drawback of Sage is its relatively basic analytics and data insights, which may not meet the needs of larger businesses or those requiring deep, detailed financial analysis.
For businesses seeking more advanced capabilities, Sage Intacct offers cloud-based financial management with features like multi-entity consolidations, cash management, and real-time financial insights. Its strong integration with other business tools and scalability make it suitable for companies with complex accounting needs.
Features of Sage Construction Accounting Software:
- Audit Trails
- Free Bank Feeds
- Integrated Payments
- Mobile Account Management
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5. CoConstruct Accounting Software for Construction Company
CoConstruct has the capabilities of construction management software, integrating financial management with project oversight. It’s designed to support firms in managing multiple projects simultaneously, streamlining everything from task management and scheduling to financial operations.
The platform’s ability to produce detailed financial and project reports adds another layer of transparency and accountability to management processes. However, CoConstruct’s pricing may deter smaller firms or those with tighter budgets, as its plans start at a higher price point than some competitors.
Features of CoConstruct Accounting Software:
- Billing and Purchase Order Management
- Accurate Project Cost and Budget Estimation
- Construction Site Activity and Progress Monitoring
- Expense and Order Tracking
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6. QuickBooks
QuickBooks for Construction is an extension of the popular QuickBooks accounting software, adapted with features for small construction businesses. It includes essential functionalities like job costing and the ability to integrate with specialized construction management tools such as Corecon and Buildertrend.
However, QuickBooks has its limitations. The software offers a more limited set of features than solutions dedicated to construction accounting, which might not suffice for businesses looking to scale or requiring detailed financial management tools. Additionally, the user cap on its pricing plans can be restrictive to large companies.
Features of QuickBooks for Construction:
- Job Costing
- Invoicing
- Contract Management
- Profit Margin Tracking
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7. Buildertrend Contractor Software
Buildertrend is a comprehensive construction management system tailored for homebuilders, custom builders, specialized contractors, and remodelers. This cloud-based solution equips construction companies with the tools they need to manage more projects efficiently.
While Buildertrend provides a robust set of features, it may initially require a significant investment of time and resources to fully integrate and utilize all its capabilities. Moreover, its pricing structure, starting with an introductory offer followed by a higher regular rate, might be a consideration for smaller firms or those on a tight budget.
Features of Buildertrend Construction Accounting Software:
- Financial Tracking
- Online Payments Facilitation and Processing
- Affordable Insurance Options
- Lending Solution
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8. Acumatica Accounting Software for Construction
Acumatica ERP is a robust software platform for small to mid-sized businesses, particularly in the construction sector. The Acumatica system is designed to support a wide range of business management functions, offering best-in-class functionality to navigate the challenges of the digital economy.
However, potential drawbacks include the complexity of its full suite of features, which might require a steep learning curve, particularly for users new to ERP systems. Additionally, while beneficial, the depth of its functionalities may require significant initial customization and setup time to align with specific business processes.
Features of Acumatica Construction Accounting System:
- Open API for Rapid Integrations
- Consumption-Based Licensing
- Remote Collaboration Tools
- Comprehensive Business Management Functionality
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9. FreshBooks Construction Accounting Software
FreshBooks offers a user-friendly accounting solution tailored for small to medium-sized construction businesses. It excels in automating financial tasks such as expense tracking, receipt data capture, and the generation of detailed financial reports, helping keep construction projects on track and within budget.
However, FreshBooks might not cater fully to larger enterprises requiring more sophisticated or industry-specific functionalities. Additionally, while it is praised for its ease of use, businesses seeking more advanced accounting features might find the software’s capabilities limited.
Features of FreshBooks Accounting Software for Construction:
- Automatic Expense Tracking
- Customizable Chart of Accounts
- Secure Cloud-Based Collaboration
- Detailed Financial Insights
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10. CMiC Accounting Software for Construction
CMiC is a solution for construction accounting and financial management. It offers comprehensive functionality across accounting, project management, human capital management, and field operations. One of the key strengths of CMiC is its integration of all business data into a single database, which facilitates sophisticated reporting and analytics.
However, CMiC does have some noted drawbacks. Users have reported that the system can be slow, which might affect productivity, especially when handling large volumes of data. Additionally, the initial setup and training process for CMiC is extensive, which can lead to a significant time investment before the system is fully operational.
Features of CMiC Accounting Software:
- Integrated Accounting (General Ledger, Accounts Payable, Accounts Receivable)
- Project Management
- Human Capital Management
- Asset Management
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11. Foundation Software
Foundation Software is tailored specifically for the construction industry, catering to commercial businesses, industrial contractors, and government agencies that operate in multiple locations. It acknowledges the complexities of construction accounting, which differs substantially from standard accounting practices used in other sectors.
The software automates the production and management of intricate financial data crucial in construction, such as retainage, prevailing wage rates, certified payroll, and more. However, contacting the company for pricing information might be a hurdle for potential users who prefer transparent and straightforward pricing structures.
Features of Foundation Software Construction Accounting Software:
- Automatic Calculation of Pay Rates and Taxes
- Elimination of Multiple Data Entries
- Multiple Cost Management Features and Views
- Mobile App for Easy Data Entry and Processing
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12. NetSuite Accounting Software for Construction
NetSuite Cloud Accounting Software offers a comprehensive financial management tool suite that streamlines various accounting processes. It is particularly noted for its ability to provide real-time access to financial data, enabling managers to pinpoint and address issues quickly.
A key strength of NetSuite’s offering is its seamless integration with other platforms under the NetSuite umbrella, such as its ERP and professional services automation systems. This integration facilitates a cohesive management environment where financial data interacts smoothly with other operational areas.
Features of NetSuite Cloud Accounting Software for Construction Company:
- Real-time Financial Insights
- Automated Journal Entries
- Enhanced Audit Trails
- Visibility Over Cash Flows
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13. Xero Construction Accounting Software
Xero is an accounting system for businesses of various sizes, including those in the construction industry. Known for its dynamic and intuitive platform, Xero simplifies many accounting processes, such as creating and delivering custom invoices and recording financial transactions.
While Xero offers flexibility and a broad set of features, it may lack some of the more specialized tools needed for larger or more complex construction projects. Also, although reasonably priced, the starter plan limits the number of invoices and quotes, which could be restrictive for growing businesses.
Features of Xero Construction Accounting System:
- Tracks and Pays Bills
- Employee Spending Tracking
- Online Payments Integration with Various Payment Gateways
- Bank Account Connection and Organized Bank Feed
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14. Zoho Books Accounting Software for Contractor
Zoho Books is an advanced accounting solution for businesses experiencing growth and needing scalable financial tools. It allows users to send professional invoices and receive online payments through a unified platform, simplifying the customer billing process.
Zoho Books’s interface is user-friendly and designed to facilitate quick learning and application of its features. However, while Zoho Books is highly effective for growing businesses, firms requiring highly specialized construction accounting features might find it less tailored to their needs.
Features of Zoho Books Accounting Software for Construction Company:
- Customization and Automation of Business Workflows
- Comprehensive End-to-End Accounting Features
- Simple Creation and Automation of Bills and Invoices
- Tracking of Landed Costs and Inventory Levels
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Read more: Top Construction Inventory Management Software
15. RedTeam Construction Software
RedTeam is a construction accounting software developed by a construction company. It is uniquely attuned to the industry’s real-world financial and accounting demands. This platform is particularly strong in managing the bidding process, allowing users to efficiently set project requirements and compare vendor offerings.
Beyond bidding, RedTeam excels in project management, offering robust tools for communication and collaboration. Managers can track and manage information requests and update change orders. However, the platform’s extensive functionalities might require a significant learning curve and adaptation period for new users.
Features of RedTeam Construction Accounting System:
- Customization and Automation of Workflows
- Bid Invitation Response Tracking
- Project Bids and Budget Changes Tracking
- Automatic Notifications for Incomplete Tasks
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16. Gusto Accounting Software for Contractor
Gusto is a comprehensive accounting and payroll solution for construction companies that engage with local and international contractors and vendors. This platform is particularly adept at managing complex payroll processes and employee benefits, making it indispensable for firms looking to streamline their financial operations.
Although it offers robust features that enhance payroll management and employee satisfaction, its pricing structure may concern smaller firms, particularly the cost per employee, which can add up quickly depending on the team size.
Features of Gusto Construction Accounting Software:
- Automatic Tax Calculation
- Unlimited Payroll Runs
- Integrated Time Tracking with Payroll
- Supports International Contractor Payments
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Benefits of Accounting Software for Construction
This type of accounting software offers several benefits that can transform how construction businesses manage their finances and operations. Here are five key construction accounting software benefits:
- Improved Financial Accuracy: Automates routine financial tasks, minimizing human error and ensuring reliable data for accurate reporting, essential for budget control and informed decision-making.
- Enhanced Project Management: This software integrates financial and project management, allowing real-time financial tracking to help managers allocate resources effectively and keep projects within budget.
- Efficient Cost Tracking: Tracks detailed project costs, assigning expenses to specific tasks to monitor spending and identify potential savings.
- Streamlined Compliance: Construction accounting software helps meet industry regulations by managing payroll and taxes according to local laws, reducing compliance risks.
- Access to Real-Time Financial Insights: Construction accounting software provides up-to-date financial data, enabling quick, informed decisions based on the latest information.
How to Choose the Right Construction Accounting Software
Selecting the right accounting software for your construction business is crucial for managing finances efficiently and keeping projects on track. Here are some practical steps to help you choose the most suitable solution:
- Define Your Requirements: Start by listing the essential features you need, such as job costing, payroll, or real-time reporting. Consider your project size and financial complexity to ensure the software matches your construction workers efficiently.
2. Consider User-Friendliness: Choose software with an intuitive interface that your team can easily adapt to without lengthy training. Take advantage of demos or trial periods to test usability and ensure it fits your workflow.
3. Evaluate Integration Capabilities: The ideal construction accounting software should integrate with tools you already use, like project management, CRM, HR, or construction procurement software.
4. Check for Scalability: As your business grows, your financial needs will evolve. Select software that can scale to accommodate larger projects, more users, and advanced financial management features.
5. Read Reviews and Seek Recommendations: User reviews, especially from the construction industry, provide valuable insights into software performance in real-world conditions. Ask for recommendations from peers who have hands-on experience.
6. Consider Support and Training: Strong customer support ensures a smooth transition and long-term success. Check if the provider offers onboarding assistance, tutorials, or ongoing technical help.
For even greater efficiency, ensure the software integrates seamlessly with construction scheduling software to improve coordination, avoid delays, and keep every project phase aligned.
Conclusion
In conclusion, choosing the best construction accounting software is crucial for a construction company. Considering the advantages, disadvantages, and available features is very important for successful implementation. In this article, you can choose the best software according to your needs and requirements.
HashMicro is one of the best construction accounting software in the Philippines. With complete features and modules, HashMicro offers a comprehensive software solution to streamline financial management in a construction business.
Besides that, HashMicro AI accounting software has several benefits that will increase the effectiveness of your company. Now, it’s time to prove it by trying the free demo service with the professionals from HashMicro. Don’t miss the chance to enhance your construction accounting management now!
FAQ about Accounting for Construction
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What is construction accounting software?
Construction accounting software manages financial operations, tracks project costs, and streamlines budgets and payroll to boost efficiency.
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What type of accounting is used in construction?
Construction companies use job costing accounting to track expenses and revenue per project, helping manage costs and measure profitability effectively.
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How do you record construction accounting?
Construction accounting tracks costs by project phase, using job costing to record labor, materials, and overhead for accurate financial reporting.
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What is the best accounting software for construction?
The best accounting software for construction is HashMicro Construction Accounting Software, offering customizable solutions, seamless integrations, and accurate financial tracking, making it ideal for managing project costs and budgets efficiently.
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How does automation enhance efficiency in construction accounting software?
Automation simplifies construction accounting by reducing manual work, minimizing errors, and speeding up financial processes like invoicing, expense tracking, and revenue recognition, making operations more accurate and efficient.
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What essential security features should construction accounting software include?
Construction accounting software should include data encryption, secure access controls, and regular updates to protect financial data from cyber threats and unauthorized access.
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What are the key trends influencing the future of construction accounting software?
The future of construction accounting software lies in cloud adoption, automation, stronger security, and seamless integration with project and costing tools, with a focus on regulatory compliance.
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Can construction accounting software assist with regulatory compliance?
Yes, construction accounting software ensures compliance through certified payroll, tax tools, and wage tracking, helping firms meet regulations and avoid legal risks.
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How does construction accounting software enhance project management?
Construction accounting software improves project management by giving real-time insights into costs, budgets, and performance. It integrates with project tools to enhance collaboration and keep projects on schedule and within budget.
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Why is construction accounting software important for construction?
Construction accounting software helps manage budgets, track costs, and maintain financial accuracy. It streamlines job costing, payroll, and billing while providing real-time insights to boost efficiency and profitability.
