February 27th, 2013 | Published in business
Contractors frustrated with financial management are often hindered by older technology with limited functionality. Many are investing in accounting software for contractors that’s sustainable, flexible, and scalable.
Choosing a software solution that brings together Accounts Payable, General Ledger, Project Costing, Payroll, and Purchase Orders into a seamless system allows accounting and management to maintain accurate audit trails and be confident that necessary controls are in place.
In addition, being able to look back at historical data is extremely valuable for understanding profit, loss, which projects are performed most efficiently, and what type of bids turn out the best profitability. And of course, security and accuracy are greatly improved when using accounting software designed for construction, which also streamlines processes and workflow.
You may also appreciate capabilities to directly post burdens to specific projects or to generate overhead allocation, or even rely on valuable report writing and modifying tools. Consider the full breadth of what an accounting solution can do for your business from a day to day task perspective, but also take into account the significant benefits that such a system can have to your overall efficiency of our operations and certainly the bottom line.
All in all, such a solution helps construction businesses manage with the flexibility necessary to handle different situations every day and grow with their businesses in the future.
When you watch this free demo, you’ll see many valuable tools that will improve your business, but be sure to check out the Value to Accounting clip to see specifics on how job cost accounting software can improve your accuracy and efficiency.