Built for Today and Beyond. Acumatica True Cloud Construction Accounting Software
Acumatica Construction Edition
Accumatica Construction Edition - An end-to-end system, built from the ground up for the cloud for project management, accounting, contracts, job costs, commitments, subcontracts, compliance and retainage. This full-featured construction accounting software that helps you improve margins and project control at all stages of home, multi-family, commercial, mixed-use, land development, and government projects.
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Check dashboards for revenue, costs and commitments, and equip staff and subcontractors with secure, private apps for sub-job needs, changes, time entry, and electronic signatures—all on phones and tablets. Exchange information with customers, suppliers, and specialty applications such as Smartsheet, Procore, and Hyphen Solutions for an end-to-end cloud construction ERP solution. Manage contracts and change orders. It’s all based on Acumatica ERP—a proven, modern application used by thousands of customers worldwide.
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“We had been using a legacy construction accounting software package when we found Acumatica Construction Edition, and it is a perfect fit,” says Ron Fairchild, Chief Financial Officer, Texas Scenic Company, Inc. “It’s a modern cloud solution that handles our manufacturing, service, distribution and construction business in one cohesive integrated solution allowing a seamless flow of data. We expect this to provide significantly better business insights and improve overall efficiency.”
Construction Accounting Software Features
Project Management - A complete view of the project details that provides updates to the management team with any changes from the customer or the field.
Contracts - Links between contract details and sub-jobs in the project plan include all addenda and change orders.
Budgets - Budgets directly link to contracts, accounting, and the project plan for managing hard and soft costs, change orders, profits, overheads, and fees in real time.
Commitments - Subcontracts and purchase orders are immediately updated from accounts payable, including comparing budgets with actual and standard costs based on sub jobs and industry standard cost codes.
Job Costing - Enhanced costing tracks codes, types, and sub-jobs to keep project management and accounting in sync on actual and standard costs.
Subcontracts - Subcontractors stay current on project needs from bidding through payment, including flexible retainage options.
Workflows - Use the standard workflow or create custom workflows for large projects, including estimating, scheduling, and approvals with electronic signatures.
Compliance - Manage lien waivers and releases, insurance, certificates, and status updates, providing expiration and other alerts to staff and suppliers.
Project Billing - Confirm details and automatically generate pro forma, progress, and time and material invoices from one screen, including quick billing.
Retainage - For both accounts receivable and payable, manage initial retainage and any changes to streamline invoicing and payments. Retainage tracking is supported for progress billing and time and material billing of projects. Plus, project cost commitments are calculated with respect to retainage in purchase orders.
Joint checks - Purchase requisitions, contracts and inventory control integrate with subcontracts to simplify project and joint check management.
Payroll - Support multiple unions, locals, classes, benefit packages, and complex wages, as well as certified wages and executive compensation.
Construction Mobile App - Quickly check key reports on phones and tablets and give staff and subcontractors the tools to enter job and equipment time cards. Access the complete system over any device, and search for all project details from one global search box.
Change Management - Control changes of the project budgeted and committed values and control the profitability of every change initiated by a customer. The change order is a document for profitability analysis and an audit trail of changes to the project revenue budget, commitments, and budgeted costs.